NSLDS BASICS for Schools

EASFAA May 2010 Allene Begley Curto Springfield College School of Human Services

THE BASICS OF NSLDS

       What do we see on NSLDS?

How is data sent and received?

Loans Grants Enrollment Transfer Monitoring NSLDS Exit Counseling

THE BASICS OF NSLDS

  Loans     Aggregate limits Annual Limits Loan Periods Pending Disbursements Grants    Pell ACG/Smart Iraq/Afghanistan Service Grant?

THE BASICS OF NSLDS

   Enrollment   Reporting Enrolled at other school Transfer Monitoring  Adding records  Reviewing Records NSLDS Exit Counseling

Data Sources

      Schools US Department of Education Guarantee Agencies Lenders Loan Servicers Student Loan Clearinghouse

NSLDS Logon

NSLDS Logon

User Access Verification

Organization Contact Information It is important to keep your contacts up to date on the NSLDS Org NSLDS uses Contacts from this page for important notifications

Annual Limits are NOT so Simple    Loans at another school during the same award year Overlapping loan periods Concurrent enrollment

What Loans Count in Annual Limit at My School?

  Loan period begin date for loan at other school less than 30 weeks before date loan period begins for loan at my school. Loan disbursement amount disbursed less any amount cancelled/refunded.

Annual Limits and Issues NOT on NSLDS     Cost of Attendance Changes in grade level Parent denied PLUS Loan Proration

Perkins Limits

     Annual Limits $4000 UG/ $6000 GR Aggregate $8000 if student has completed < 2 years UG $20000 if student has completed 2 or more years UG and is pursuing bachelor’s degree. UG limit includes any amount borrowed as GR if later pursues 2 nd bachelor’s $40000 if student is Graduate/Professional (includes UG Perkins amounts)

Aggregate Limits – Not So Simple Either      Consolidation Loans Increased eligibility Health professions Increased eligibility for Dependents when parent is denied PLUS Dependency changes Effect of exceeding undergraduate limits on Graduate eligibility

Aggregate OBP

Consolidation Loans and Stafford Aggregate Limits    Only count Stafford Loans Only count amounts disbursed less any cancellations/refunds Subtotal Subsidized and Unsubsidized separately for Subsidized and Combined Limits

Aggregate Limits – Be Wise!

   Know what counts toward aggregate limits in a consolidation loan Check the full and complete record in NSLDS when documenting! Ensure limits are routinely and consistently checked when awarding

Aggregate Limits Document! Document! Document!

    Document when limit has unsubsidized to replace PLUS denial Document when a Consolidation loan clears “inadvertent Document that you have reviewed all CPS postscreening ISIRS Document that you have reviewed all Transfer Monitoring Alerts

GRANTS

    Pell Two Pells in a Year ACG/SMART New Grants as they are born!

Enrollment Reporting

  Who Reports?   Institution - Registrar?

Clearinghouse?

 Other?

When is it Reported?   Institution - Schedule NSLDS updated

Enrollment Summary Page

Enrollment Detail

NSLDS Transfer Monitoring NSLDS Transfer Monitoring Process – who do you add?  (answer should be everyone who is not a freshman who never attended before!) Who Reviews?

 Updated Wednesday night so check Thursday am!

Help! There’s an Alert!

   Monitor the Pell and loan amounts Reduce the Pell or loan at your school if necessary Other school should be contacted if student disputes amount of Pell or loan received at other school

NSLDS Exit Counseling

       NSLDS Newsletter # 26 Official/Current Record of ALL Federal loans Introduces student to the NSLDS site Repayment Calculators Links to loan Holders (where available) School can get Reports Automatic Compliance Updates

NSLDS Postscreenings

     Aggregate Limits Overpayments Defaults Discharges Bankruptcies

NSLDS Postscreenings       Review all CPS generated ISIRs Review NSLDS record on postcreenings with a “negative” message Resolve the issue(s)! Default(s) added/cleared Satisfactory repayment added/removed Exceeded subsidized or combined aggregate/No longer exceeding

Sanity Savers

     Check limits before awarding Monitor NSLDS postscreenings immediately!

Review NSLDS Transfer Monitoring Alerts weekly Resolve! when annual or aggregate exceeds limits Document! Loans that are within limits but appear to exceed limits

       

Keys to Success!

Review of NSLDS data on ISIR NSLDS postscreening NSLDS transfer monitoring NSLDS Newsletters FSA Handbook Use your FAMS Monitor, monitor, monitor Document, document, document