Greetings from the MASFAA President
It is my pleasure to welcome you to MASFAA for 2009-2010, whether this is your first year as part of the financial aid community or your 40th. If you are not yet a member of MASFAA, I invite you to join us. This year represents MASFAA’s 40th anniversary and one in which we will celebrate 40 years of vision, change and hope. MORE...
MASFAA Supports Student Loan Reform with a Call for
Highest Quality Borrower Services
I write today on behalf of the Massachusetts Association of Student Financial Aid Administrators (MASFAA), an organization of more than 800 financial aid professionals employed in colleges and universities throughout the Commonwealth of Massachusetts. MORE...
Income-Based Repayment (IBR):
Not Just Another
Repayment Plan
By now, many within the financial aid community
have heard of Income-Based Repayment
(IBR), the new student
loan repayment plan available to FFELP and Direct Loan
borrowers that began on July 1, 2009. Financial aid administrators
may be aware that IBR will benefit certain borrowers
by minimizing monthly payments and providing loan forgiveness
in some cases, but the full potential of IBR to assist
in default prevention has yet to become fully apparent. MORE...
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