Financial Aid Administrators’ Views Of The Loan Crunch

The vast majority (90 percent) of student financial aid administrators said they are concerned about the student loan crunch and more than half (52 percent) believe that the recently enacted Ensuring Continued Access to Student Loans Act (ECASLA) does not do enough to ensure future loan access for students, according to a recent survey, Financial Aid Administrators’ Perspectives on the Student Loan Crunch and Preferred Lender Lists, conducted by the National Association of Student Financial Aid Administrators (NASFAA) and authored by Justin Draeger, NASFAA associate director of communications.