What does it mean that Federal Student Aid is a PBO?
Page 2

Over the next five years, the FSA operating as a PBO will integrate its processes even further and improve the overall system in which students receive funding for education. The FSA plans to supply better information to families and students for their postsecondary schooling decisions. In addition, they plan to better shape the behavior of participants being funded by using data, oversight, and authority to improve the relationship between FSA and their participants.

From a monetary perspective, the FSA plans to improve the effectiveness of their budget by revising a few goals. First, with the budget of the federal government continuously increasing, it is imperative that the FSA free up resources to allow future investments to take place as well as enabling a lesser draw on taxpayer’s wallets. Another important factor in using the budget more resourcefully is for the FSA to be more attentive to the stakeholders than it has been in the past; due to the fact they are under amplified examination from the extended roles of the FSA.

These goals are planned to be carried out over the next five years through The Higher Education Act of 1965 (HEA) which essentially states that the FSA has an obligation to reduce costs, provide better service to not only its customers but stakeholders and taxpayers, and to work to ensure all participants in the system are properly funded and educated on their policies from start to finish.

The FSA has very positive objective for the future of funding for its clients. Becoming a Performance Based Organization only means the FSA is even more dedicated to ensuring the wants and needs of its clients and investors are met in a timely manner.



What does it mean that Federal Student Aid is a PBO?
  Back to Page 1

About The Author The author edits a site featuring Grants for Education and another Government Grants site providing info on every grant the federal government offers. Michael Saunders has an MBA from the Stanford Graduate School of Business.

Additional Resources

category - Education Grants

National Endowment for the Arts: Literature Translation Fellowship 2012
The National Endowment for the Arts has constituted the Literature Fellowship for Translation Projects grant. The grant provides fellowships for published translators as they translate specific works of prose, poetry or drama.

---

Financing Your Education - Federal Perkins Loans
The Federal Perkins Loan Program helps those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance with a low interest loan. The loan is in place to help them meet their educational expenses to the completion of a postsecondary degree.

---

Types of Financial Assistance From The Department of Education
The US Department of Education was initially created to encourage the promotion of student achievement and their preparation for global competitiveness by way of fostering academic excellence and ensuring equal access to quality education.

---

Pell Grants - Help with Financing Your Education
The Federal Pell Grant Program is overseen by the Department of Education and falls under the Federal Student Aid Information Center. In order to be eligible students must be enrolled in eligible schools that may be public or private nonprofit institutions of higher education.

---