Penn State World Campus Collaborative Presentation Project on Higher Education Careers: Financial Aid Laura Anderson Alana Loht Bert McBrayerAndrea Turcatti.

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Presentation transcript:

Penn State World Campus Collaborative Presentation Project on Higher Education Careers: Financial Aid Laura Anderson Alana Loht Bert McBrayerAndrea Turcatti Will Wellein

Penn State World Campus Careers in Financial Aid Educational Institutions State Agencies Private Lenders Financial Literacy Fraud Investigation Many Opportunities…

Penn State World Campus Career Preparation Work study or internship Higher education experience Counseling and customer service College Board Institute on Financial Aid Financial aid association boot camp NAFSAA website Federal Student Aid workshops

Penn State World Campus Skills, Academic Background, & Knowledge “The field of financial aid administration is challenging and requires a skill set not often taught in school” (AAMC, 2014, p. 19) No specific academic background or degree, but… Up-to-date understanding of federal/state regulations, current events, the economy, and politics that can impact financial aid

Penn State World Campus Professional Development Professional associations o Association of Student Financial Aid Administrators o The College Board’s Financial Aid Assembly o National Direct Student Loan Coalition Professional journals/publications o NASFAA’s “Today’s News” o Inside Higher Education o The Chronicle of Higher Education o Trends in Higher Education NASFAA University Conferences

Penn State World Campus Trend 20% decrease in Financial Aid job postings Job market strong and stable Projected growth 15% (2012 – 2022) Changes Increase in regulations Reporting requirements and verification procedures more complicated Technology Job Trends and Changes

Penn State World Campus Challenges & Financial Literacy Federal regulations Tuition costs and debt Financial Literacy source:

Penn State World Campus References Association of American Medical Colleges (AAMC). (2014). Handbook for Financial Aid Officers (pp ). Retrieved from Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Edition, Postsecondary Education Administrators, on the Internet at (visited October 21, 2014) Dorsey, Sarah. (2014, October 21). Personal communication. HigherEdJobs. (2014, November 21). Career Tools. Higher Education Employment Report. Retrieved from O’Leary, Eileen (2014 October 27). Personal communication. (n.d.). Retrieved July 31, 2013 and November 25, 2014, from National Association of Student Financial Aid Administrators. (n.d.). Retrieved November 23, 2014 from Reynolds, Angela. (2014 October 23). Personal communication. Rizk, Daad. (2014 September 30). Personal communication. Salary.com. (2014, November 21). Financial Aid Director - Higher Ed. Salaries. Retrieved from Director-Higher-Ed-Salary.htmlhttp://www1.salary.com/Financial-Aid- Director-Higher-Ed-Salary.html Salary.com. (2014, November 21). Financial Aid Counselor - Higher Ed. Salaries. Retrieved from Counselor-Higher-Ed-Salary.htmlhttp://www1.salary.com/Financial-Aid- Counselor-Higher-Ed-Salary.html SimplyHired. (2014, November 5). Financial Aid Job Trends. Retrieved from financial+aidhttp:// financial+aid Zipf, Sarah (2014 October 21). Personal communication.

Penn State World Campus Questions? Thank You for Attending!