07/19/2011 08:51 am ET Updated Sep 18, 2011

Frustration With The Feds Over Financial Aid

BOSTON -- In a tough budgetary environment for federal financial aid, with even the bedrock Pell Grant Program on the chopping block, anxiety is omnipresent at the National Association of Student Financial Aid Administrators' annual convention, beginning with the conference's name: "Uniting for Financial Aid's Future."

But there is another emotion as well: frustration. In sessions on diverse topics here Sunday and Monday, the college administrators who have assembled to talk loans, grants and legislation said they are fed up with a regulatory environment that seems perpetually in flux, from the recent gainful employment and program integrity rules to plans announced in May for another round of rule making on the direct lending program

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