Author Topic: Influence of NASFSA and NACAC  (Read 3090 times)

Scholarship Bob

Influence of NASFSA and NACAC
« on: August 22, 2011, 09:22:09 PM »
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 &#34interested in promoting the effective administration  of student financial aid.&#34 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.
NAAS Admin

Scholarship Bob

Re: Influence of NASFSA and NACAC
« Reply #1 on: August 22, 2011, 09:46:22 PM »
NACAC is an alphabet-related organization that fosters cooperation with NASFAA on many endeavors. The National Association for College Admission Counseling works primarily with counseling and enrollment professionals at the high-school level.  The group claims to  help all students realize their full educational potential, with particular emphasis on the transition to postsecondary education.  NACAC was founded in 1937. It is an organization of more than 10,000 professionals, many of which are high-school guidance counselors who work with college-level financial-aid professionals.
NAAS Admin

Scholarship Bob

Re: Influence of NASFSA and NACAC
« Reply #2 on: September 03, 2011, 05:25:29 PM »
Do not hesitate to question the words of a NASFAA and/or NACAC members. 

 It is most interesting to note that select institutonal and private members of NACAC and NASFAA were recruited by the U.S. Department of Education in 1999 or thereabouts along with a federal informant to be part of a covert mis-information program. The covert program used various influential members of NACAC and NASFAA to discredit routine, widely accepted, perfectly legitimate business practices associated with merit-based award sponsors, and scholarship search services. 
One of the multiple aims of the participants to this covert program was to discredit, smear, and to target the routine practive of ashleysing processing fees for merit-based competition in general and to assail the policies of specific organizations in particular. Hundreds of seemingly legitimate businesses were attacked for no other reason than simply charging a small fee for processing of merit-based award. Certainly the incidental fees charged by these organizations were far less than the extra $5,000 or $10,000 in special kickbacks to corrupt financial-aid officers associated with preferred loan companies.
The practices of ashleysing processing fees for merit-based awards has been affirmed by the U.S. Supreme Court. What no court has, however, backed, is the deceitful practice of omittig material information to clients while pocketing undisclosed commissions.  .
Corrupt financial-aid book authors, print journalists, and various member institutions of NACAC, and NASFAA, and many others connected to these two organizations,  have either been active  participants to the scheme or at least assisted in some way, form, or fashion.
NAAS Admin