Financial Aid Competencies

NASFAA's competency model outlines key characteristics and skills that define the role of a skilled and well-rounded financial aid administrator. The competencies are organized into seven categories: 

  1. Laws, Regulations, and Compliance
  2. Customer Service
  3. Technology, Research, and Data
  4. Business of Education 
  5. Leadership 
  6. Career Development 
  7. Commitment to College Access and Student Success 

These competencies are cultivated over time and enhanced through hands-on experience. While not every financial aid administrator will encounter every aspect of each competency, the model reflects the growth opportunities available as professionals advance in their careers. 

Visit our Guide to Navigating the Competencies for practical tips on using the competency model to support your career development and team success.

Explore the model and assess your strengths and areas for improvement. Utilize the PDF version of the framework to share with stakeholders. Or print the poster-sized (11"x17") version for your office.


Laws, Regulations & Compliance


Business of Education

  • Financial Aid Legislative & Regulatory Knowledge
  • Ethical Compliance with Title IV Program Requirements 
  • Correlation of Multiple Sources of Aid
  • Advocacy in Public Policy
  • Institutional Strategy & Governance
  • Enrollment Management
  • Collaboration & Relationships
  • Risk & Advocacy
     
     
     


Customer Service


Leadership

  • Communication & Advising 
  • Cultural Competence & Empathy
  • Financial Literacy
  • Flexibility & Personal Responsibility
  • Strategic & Critical Thinking
  • Program & Change Management 
  • Emotional Intelligence
     


Technology, Research & Data


Career Development

  • Digital Communication & Technology
  • Data & Research-Informed Practice
  • Professional Growth & Development
  • Collaboration & Teamwork


Commitment to College Access and Student Success

  • Equity & Inclusion
  • Student-Centered Communication & Advocacy
  • Commitment to Learning & Student Success

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