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ERIC Number: ED581622
Record Type: Non-Journal
Publication Date: 2016-Sep
Pages: 76
Abstractor: As Provided
ISBN: N/A
ISSN: N/A
EISSN: N/A
Available Date: N/A
Market Research on Law School Student Aid Award Letters and Shopping Sheet Information. NASFAA Consumer Information & Law Student Indebtedness Task Force Report
National Association of Student Financial Aid Administrators
"Market Research on Law School Student Aid Award Letters and Shopping Sheet Information" set out to identify through consumer testing what information on the financial aid award letter and U.S. Department of Education's (ED) Shopping Sheet could be modified to create a document that better assists students applying to, or currently attending, law school. The results of this research included four recommendations: (1) Software developers should develop a calculator to help students determine the amount they need to borrow while enrolled; (2) Graduate/Professional (G/P) schools should move toward standardizing financial aid terminology used as well as the presentation of information, and ED should develop a portal through which information is shared with students; (3) Additional consumer testing is needed to determine if G/P students understand basic financial aid terminology and concepts, and the terms & conditions of the financial aid offered in their award letters; and (4) G/P institutions should list Graduate PLUS Loan eligibility on a student's award letter.
National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: membership@NASFAA.org; Web site: http://www.nasfaa.org
Publication Type: Tests/Questionnaires; Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: Access Group
Authoring Institution: National Association of Student Financial Aid Administrators (NASFAA); Coffey Consulting, LLC
Identifiers - Laws, Policies, & Programs: Federal Direct PLUS Loan Program
Grant or Contract Numbers: N/A
Author Affiliations: N/A