Transcript ABC’s of NSLDS

Shedding Light on NSLDS
Stephanie Wilson
Senior Associate of
School and Lender Services
Missouri Department
of Higher Education
(800) 473-6757
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Agenda
• What is the National Student Loan Data
System (NSLDS)?
• How loan, grant, and enrollment data
reaches NSLDS
• How NSLDS data reaches the Institution
Student Information Report (ISIR)
• How to interpret NSLDS data
• Updates to NSLDS from the Higher
Education Reconciliation Act (HERA) 2005
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How to Obtain a User Id
• To obtain an NSLDS user id access the
following link:
https://www.fsawebenroll.ed.gov/
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What is NSLDS?
• Central Source of Federal Student Aid
Data
– loans, grants, and enrollment information
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How the Federal Student Aid
Process Gets Started
Free Application for Federal Student Aid (FAFSA)
ISIR
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NSLDS Data
• Federal Loan Data
– Federal Family Education Loan Program Loans (FFELP)
– William D. Ford Direct Loans
– Federal Perkins Loans
• Federal Grant Data
–
–
–
–
Pell Grants
Supplemental Educational Opportunity Grants (SEOG)
Academic Competitiveness Grant (ACG) [HERA 2005]
National Science and Mathematics to Retain Talent Grants
(SMART) [HERA 2005]
• Enrollment Data
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How Loan Data Reaches NSLDS
• FFELP loans
• Direct loans
• Perkins loans
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FFELP Data and NSLDS
• FFELP Loans
– Guarantor establishes a schedule with
NSLDS for loan data updates
– MDHE updates NSLDS bi-weekly
Lenders Report to
Guarantors At
Least Quarterly
Guarantors Report
Lender and
Guarantor Held
Data to NSLDS
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How Loan Data Reaches NSLDS
• Direct Loans
– Direct Loan transmits data to NSLDS
weekly
The William D. Ford Federal
Direct Loan Program
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How Loan Data Reaches NSLDS
• Perkins Loans
– Schools establish a schedule with NSLDS
to report loan data
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How Grant Data Reaches NSLDS
• Pell, ACG, and SMART Grant data is
transmitted to NSLDS by the U.S.
Department of Education (USDE)
weekly
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How Enrollment
Data Reaches NSLDS
• National Student Clearinghouse (NSC)
feeds enrollment information to NSLDS
weekly
School’s Financial Aid
OR Registrar’s Office
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How NSLDS Data
Reaches the ISIR
• NSLDS information is transferred to the
ISIR when the FAFSA is filed or when an
updated ISIR is distributed
• Only information for up to 6 loans is
displayed
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ISIR, Continued
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NSLDS ISIR
Information Continued
Group 1 – Includes loans in a deceased status - applicant is ineligible for
additional aid. This ensures these types of loans have the highest priority
when Financial Aid Administrators review ISIR information.
Group 2 – Includes loans in a defaulted or fraud status - applicant is
ineligible for additional aid. Includes the new fraud loan status code “FR”.
Group 3 – Includes loans in an abandoned, disability, active bankruptcy, or
temporary uninsured status - school must resolve before applicant is
eligible for additional aid.
Group 4 – Includes loans in any open status not reported in Groups 2 and
3. These statuses do not impact the applicant’s eligibility for additional aid.
Group 5 – Includes closed loans not included in Groups 1, 2 and 3.
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ISIR Comment Codes
• SAR Comment Codes and Text Guide
www.ifap.ed.gov
– Select the SAR/ISIR Reference Materials link
– Select the applicable award year
– Select the SAR Comment Codes and Text link
• Guide advises school how to resolve issues that are
preventing the awarding of future aid
– Example: Pell Grant Overpayment
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How to Interpret NSLDS Data
• Warning Icons
• Aggregate Loan Table
• Summary and Detail Pages
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NSLDS Warning Icons
•
•
•
•
•
•
•
Death
Default
Fraud [HERA2005]
Disability
Bankruptcy
Close to or Have Exceeded Aggregate Limits
Grant Overpayment
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Aggregate Loan Limits Table
• Summarizes borrowing of individual so
that school can prevent overawards
• Includes Grad PLUS loans [HERA 2005]
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Lifetime Aggregate Loan Limits
• Undergraduate
– Dependent Students = $23,000
– Independent Students = $46,000
• No more than $23,000 Subsidized Stafford
• Graduate
– Stafford Limit = $138,500
• No more than $65,500 Subsidized Stafford
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Loan Summary and Detail
• Summary gives basic information
• Detail gives complete history of loan
• Loan Status of GB and D3 new for Grad
PLUS loans (as of Jan.07 on ISIR) [HERA
2005]
• Fraud Loan Status “FR” [HERA 2005]
• Military Deferment Loan Status “MO”
[HERA 2005]
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Web Enhancements
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Interpreting the
Summary Information
• Guaranteed Amount = Approved Loan Amount
• Disbursed Amount = Disbursed Amount Based on Disbursement
Dates
• OPB = Outstanding Principal Balance Amount with Capped
Interest
• Agg OPB = Aggregate Outstanding Principal Balance (Disbursed
Principal Not Yet Repaid to Lender)
• Loan Date = Guarantee Date
• Sep Loan Date Indicator
• Loan Period = Loan Period
• Last Disb Date = Most Recent Disbursement Date
• Last Disb Amount = Last Disbursement Amount
• Academic Level = Grade Level (Under Grad: 1-5, Grad: A-D)
• GA = Guaranty Agency
• Servicer = Lender’s designated servicer for the loan
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Federal Grant Data
•
•
•
•
Pell Grant
SEOG Grant
SMART and ACG [HERA 2005]
Fraud Status [HERA 2005]
Grants
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Enrollment Data
• NSC establishes a schedule with the
school
• Non-NSC schools report enrollment
information to the USDE or NSLDS
– NSLDS then shares this information with the
NSC
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Questions for the Crystal Ball?
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