Student Financial Services

Student financial services (SFS) describes how colleges and universities provide students and families with finance-related services, such as applying for financial aid and paying a tuition bill, along with the associated business processes necessary to pay for college.

Compliance Issues

Resources for Student Financial Services Professionals

Bursar List (online community)
Education Tax Credits
Student Financial Responsibility Agreements
FAQs on Overpayments from International Students
GI Bill
HEERF Resource Center
Policy Manuals
Perkins Loan Wind-down Guidance
Privacy and Intellectual Property
Registration and Transcript Holds
Student Aid Reference Desk (maintained by the National Association of Student Financial Aid Administrators (NASFAA))
Student Financial Services Benchmarking Study
Student Financial Services Council
Third Party Payments

U.S. Department of Education Resources

Office of Postsecondary Education
Federal Student Aid Knowledge Center (formerly IFAP)

Contact

Bryan Dickson

Director, Student Financial Services and Educational Programs

202.861.2505

NACUBO Spotlight

2022 Student Financial Services Award

Christine Blakney, senior managing director of Student Business Services at Texas Tech University, received the honor for her extensive contributions to her institution, the profession, and NACUBO.

News

New Report Shows Cost—Not Revenue—of Federal Student Loan Program

August 5, 2022

A report from the Government Accountability Office shows that while the Federal Direct Loan Program was originally estimated to generate $114 billion over 25 years, it has actually cost the government an estimated $197 billion. The swing was driven by programmatic changes and new estimates using revised economic and loan-performance data.

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May 6, 2022
ED Extends Deadline for Mandatory Defaulted Perkins Assignments

Schools with Perkins Loans that have been in default for over two years will now have until June 30, 2023, to either assign the loans to the Department of Education or purchase the loans.
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March 24, 2022
VA Updates 85/15 Reporting Requirements

As the result of advocacy efforts by NACUBO and several other higher education associations, the Department of Veterans Affairs recently announced an extension for institutions to report their enrollment headcounts. The agency also updated the process for institutions to submit the information, eliminating manual data entry.
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