Collaborative Presentation Project on
Higher Education Careers:
Financial Aid
Laura Anderson
Alana Loht
Bert McBrayer Andrea Turcatti
Will Wellein
Penn State World Campus
Careers in Financial Aid
Many Opportunities…
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•
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Educational Institutions
State Agencies
Private Lenders
Financial Literacy
Fraud Investigation
Penn State World Campus
Career Preparation
•
Work study or internship
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Higher education experience
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Counseling and customer service
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College Board Institute on Financial Aid
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Financial aid association boot camp
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NAFSAA website
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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
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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
o
o
o
NASFAA’s “Today’s News”
Inside Higher Education
The Chronicle of Higher Education
Trends in Higher Education
• NASFAA University
• Conferences
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Job Trends and Changes
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
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Challenges & Financial Literacy
• Federal regulations
• Tuition costs and debt
• Financial Literacy
PENN STATE UNIVERSITY PARK:
UNDERGRADUATE LOWER DIVISION PER
CREDIT TUITION RATES
$800
$700
$600
$500
$400
$300
$200
$100
$-
source: http://tuition.psu.edu
Penn State World Campus
References
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Association of American Medical Colleges (AAMC). (2014). Handbook for Financial Aid Officers (pp. 16-20). Retrieved from
https://www.aamc.org/download/145406/data/faohandbook_roles.pdf
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Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15 Edition, Postsecondary Education
Administrators, on the Internet at http://www.bls.gov/ooh/management/postsecondary-education-administrators.htm (visited October
21, 2014)
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Dorsey, Sarah. (2014, October 21). Personal communication.
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HigherEdJobs. (2014, November 21). Career Tools. Higher Education Employment Report. Retrieved from
http://www.higheredjobs.com/documents/HEJ_News_Release_Q2_2014.pdf
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O’Leary, Eileen (2014 October 27). Personal communication.
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(n.d.). Retrieved July 31, 2013 and November 25, 2014, from http://tuition.psu.edu/default.aspx
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National Association of Student Financial Aid Administrators. (n.d.). Retrieved November 23, 2014 from http://www.nasfaa.org/university/
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Reynolds, Angela. (2014 October 23). Personal communication.
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Rizk, Daad. (2014 September 30). Personal communication.
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Salary.com. (2014, November 21). Financial Aid Director - Higher Ed. Salaries. Retrieved from http://www1.salary.com/Financial-AidDirector-Higher-Ed-Salary.html
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Salary.com. (2014, November 21). Financial Aid Counselor - Higher Ed. Salaries. Retrieved from http://www1.salary.com/Financial-AidCounselor-Higher-Ed-Salary.html
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SimplyHired. (2014, November 5). Financial Aid Job Trends. Retrieved from http://www.simplyhired.com/a/jobtrends/trend/qfinancial+aid
•
Zipf, Sarah (2014 October 21). Personal communication.
Penn State World Campus
Thank You for Attending!
Questions?
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