The National Association of Student Financial Aid Administrators (a/k/a/ NASFAA), and an alphabet-related group called National Association for College Admission Counseling (a/k/a/ NACAC) boast what is believed to be the largest collective membership of teachers, financial-aid counselors, financial-aid admissions' counselors, universities, colleges, student-loan providers, student-loan underwriters, and student-loan originaters in the financial-aid industry. </p>In a nutshell, both of these groups represent persons and institutions that have significant influence as to what is marketed to students and parents, and they both have numerous affiliations with for-profit corporations. Collectively, they have each been granted tax-exempt status by the Internal Revenue Service of the U.S. <p>
The tax exempt-status of these groups have not stopped either organization from engaging in controversial conduct.
NASFAA is a non-profit association of institutions, colleges, universities, and individuals, agencies, and students who, according to literature produced by NASFAA, are "interested in promoting the effective administration of student financial aid." Virtually every college and university, and post-secondary institution, in the United States of America is a member of or some how associated with NASFAA.