- NASFAA then selects a customized peer review team comprised of experienced financial aid administrators who visit the institution and perform an in-depth, on-site review of the financial aid operations. The review team spends two days to one week on the campus.
- Following the on-site review, the team compiles an objective evaluation of the institution’s financial aid program and presents its findings in an exit interview to administrators designated by the institution.
- Finally, the peer review team prepares and submits a confidential written report that identifies the institution’s good financial aid practices, cites any compliance issues, and suggests improvements.
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