Exploring Careers in Higher Education Financial Aid
Discover the diverse field of financial aid in higher education through this collaborative presentation project. Explore job trends, necessary skills, and professional development opportunities in financial aid administration. Learn about the challenges and importance of financial literacy in educational institutions. Join us on a journey to understand the dynamic landscape of financial aid careers in the academic world.
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Presentation Transcript
Collaborative Presentation Project on Higher Education Careers HI ED 490, fall 2014 Penn State World Campus Penn State World Campus
Meet the Group Laura Anderson Alana Loht Bert McBrayer Andrea Turcatti Will Wellein Penn State World Campus
Careers in Financial Aid Many Opportunities Educational Institutions State Agencies Private Lenders Financial Literacy Fraud Investigation Penn State World Campus
Career Preparation Work study or internship Higher education experience Counseling and customer service College Board Institute on Financial Aid Financial aid association boot camp NAFSAA website 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 Penn State World Campus
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 NASFAA s Today s News o Inside Higher Education o The Chronicle of Higher Education o Trends in Higher Education NASFAA University Conferences Penn State World Campus
Job Trends/Changes Trend 20% decrease in Financial Aid job postings Job market strong and stable Projected growth 15% (2012 2022) Changes Reporting requirements and verification procedures more complicated Technology More than providing financial access: assisting in recruitment Penn State World Campus
Challenges & Financial Literacy Federal regulations Tuition costs and debt Financial Literacy Penn State World Campus
References 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 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) Dorsey, Sarah. (2014, October 21). Personal communication. HigherEdJobs. (2014, November 21). Career Tools. Higher Education Employment Report. On the internet at http://www.higheredjobs.com/documents/HEJ_News_Release_Q2_2014.pdf O Leary, Eileen (2014, ). Personal communication. Reynolds, Angela. (2014 October 23). Personal communication. Salary.com. (2014, November 21). Financial Aid Director - Higher Ed. Salaries. On the internet at http://www1.salary.com/Financial-Aid-Director-Higher-Ed-Salary.html Salary.com. (2014, November 21). Financial Aid Counselor - Higher Ed. Salaries. On the internet at http://www1.salary.com/Financial-Aid-Counselor-Higher-Ed-Salary.html SimplyHired. (2014, November 5). Financial Aid Job Trends. Retrieved from http://www.simplyhired.com/a/jobtrends/trend/q-financial+aid Zipf, Sarah. Personal interview. 21 Oct. 2014. Penn State World Campus
Thank You for Attending! Questions? Penn State World Campus Penn State World Campus
