JUNE 2006

Tennessee State Report
Forrest Stuart, TASFAA President

The 2005-2006 year in TASFAA has been an incredible and rewarding journey. The honor of leading such a talented, hard-working board has allowed me to grow individually and professionally. A president can not say “thank you” enough to those who have spent countless hours giving their energy to TASFAA. Because of the board’s work, financial aid professionals across the state of Tennessee have had many opportunities to expand and improve.

We started the year with a benchmark of success—one borrowed from a former college president.

Here was the chance of a lifetime; a chance to set the standard of an institution for all time; a chance to go forth unhampered … and to launch an institution which was as nearly ideal for its purpose as painstaking investigation and careful and thorough planning could make it. Realizing that the good is ever the enemy of the best, we did not seek merely the good, but the best. There was ever before us the idea of excellence. It was our purpose to launch here an institution which would endure for centuries, and which would command the respect and quicken the pride of succeeding generations. – Dr. Charles E. Diehl, President of Rhodes College, 1917 - 1949

In accomplishing our goals, we sought not only to be good, but to be the best. Evidenced in this spirit were the following:

  • Membership dues were set to zero for the foreseeable future.
  • The TASFAA membership process utilizing ATAC has been updated to accommodate this structural change. TASFAA is the first client of ATAC to have moved to this structure.
  • Membership has increased to 698, an increase of 181 members over 2004-05.
  • TASFAA participated in Tennessee’s first College Goal Sunday.
  • Annual aggregate sponsorship funding is collected now, not just that for conferences.
    • 2004-05 sponsorship amounted to $184,999.
    • 2005-06 sponsorship funding has not been totaled. Conference sponsorship has reached $125,000.
  • Training opportunities expanded beyond the norm. This includes new opportunities in research, leadership within the institution, national trends in college pricing and higher education, and benchmarks for evaluating student debt.
  • The TASFAA Policies and Procedures has been revised and updated.
  • Guidance counselor training and internship opportunities for the summer have been reviewed; possible enhancements will be made in the next associational year.
  • The Governmental Relations Committee released several updates on the Higher Education Reconciliation Act as well as Reauthorization.
  • New TASFAA members have been incorporated into the work of the association to a degree that is better than in prior years. President-Elect Janette Overton is expanding this for her presidential year.

While in no way comprehensive, the above demonstrates the passion TASFAA has for financial aid professionals and the work that is done by all. Supporting financial aid officers is vital, and our hope is that higher education, and financial aid specifically, as a career will become a more attractive option for college graduates.


Sallie Mae Education Trust




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