Student-Aid Association Suggests Changes in Student-Loan System

By Beckie Supiano. While the average graduating senior who took out student loans leaves college with what should be a manageable level of loan debt—around $26,500—concerns about student debt are persistent and widespread. The National Association of Student Financial Aid Administrators took account of that broad concern and decided to convene a task force of its members to comb through research and trends, and offer recommendations for improving the student-loan system. On Wednesday the association, known as Nasfaa, released a report laying out those recommendations, which have been endorsed by its board. Read more...