Federal Financial Aid: Regulatory Burden and Future Direction – The Impact on Ability for Institutional Responsiveness to State Goals (Foresight 20/20)

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Federal Financial Aid: Regulatory Burden and Future Direction – The Impact on Ability for Institutional Responsiveness to State Goals (Foresight 20/20) Presented by: Ben Kohl, Assistant Director for the Office of Student Financial Assistance at Kansas State University and President for the Kansas Association of Student Financial Aid Administrators Myrna Perkins, Associate Dean of Student Services and Director of Financial Aid at Barton Community College

Today’s Topics Federal Aid Administrative Burden Federal Aid Understanding and Interpretation Federal Financial Aid Focus Points Financial Aid Trends and Projections

Federal Aid Administrative Burden Strain on financial aid offices Compliance efforts over counseling students Workload and stress Federal time estimates compared to actual

Federal Aid Understanding, Interpretation, and Implementation Interpretation resources and their hierarchy Training – understanding the spirit of the regulation/law Application to the institution Setting up technical aspects

Hierarchy of Regulatory and LegislativeResources Reference: YourRegulatoryIssues.pdf

Federal Financial Aid Focus Points President Obama’s Higher Education Initiatives: Paying for performance Promoting innovation and competition Ensuring that student debt remains affordable

Federal Aid Trends and Projections What the focus of U.S. Department of Education: The complexity of federal financial aid The rising costs of higher education Rising student loan debt The lack of college outcome information

Federal Aid Trends & Projections HEA Reauthorization College Ratings System FAST Proposals* America’s Promise Announcement *

References 5 Things Colleges Can Expect -- Expect/151009/ College Ratings System Press Release -- aft.pdf FAST Act -- Reauthorization Information -- er_Education_Affordability_Act_Reauthorization_Bill.aspx Community College Announcement -- college-free-responsible-students-2-years Community College Announcement -- relationship-between-government-and-higher-education

Presenter Contact Information Ben Kohl – Myrna Perkins –