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About 43 million people are expected to resume or start repayments of their student loans. The National Association of StudentFinancialAidAdministrators (NASFAA) has issued its final report and a toolkit for financialaid professionals across the nation in anticipation of the resumption of federal student loan repayments.
This will adversely affect the college plans of students planning to apply in the 2023-24 admissions cycle as well as students who need to re-apply for Federal aid each year.
According to Justin Draeger, president and CEO of the National Association of StudentFinancialAidAdministrators (NASFAA), he has heard from several financialaid offices from different higher ed sectors that they are anxious about what the policy may bring.
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