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NCASFAA Spring Conference 2008

Wrightsville Beach, NC

Traci MitchellBill Zahn

NCASFAA Spring ConferenceNational Student Loan

Database System- NSLDS Aggregate

Calculations & other discussion points?!

Would rather be here now?Special thanks to US

Department of Education for letting us use their presentation - FSA 2007 FSA Conference

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What is this all about?

We’ll Talk!

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Aid Tab Menu

REQUIREDInput Student’s SSN, First

Name, and DOBClick functions such as

“Loan History”

Loan History

Click number or Loan Detail Button

to see more loan information

Using Loan History

• Understand aggregate loan terms• Identify loan types that impact aggregate limit

calculations• Calculate aggregate limits using NSLDS

methodology• Apply aggregate information to eligibility

decisions

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Defining & Using Aggregates• NSLDS Loan Terms

– Outstanding Principal Balance (OPB)– Aggregate amounts

• Aggregate Loan Information• Loan Level Aggregate Principal Balance

• Why are NSLDS Aggregate amounts used?

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NSLDS Aggregate Totals

Calculation Process

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Calculate Each Loan Type’s Loan Level Aggregate OPB

• NSLDS reviews loans in student’s financial aid history

• Categorizes each loan into respective loan type (e.g., bucket)

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Calculate Each Loan Type’s Loan Level Aggregate OPB, cont.

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•Three main loan groupings:

–Recent loans

–Older loans

–Consolidation Loans

Recent Loans• May have adjustments not yet posted

• May have additional disbursements or adjustments not yet reported to NSLDS

• Included at end of calculation as Pending Disbursements

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Recent Loans, cont.

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Recent loans

Period End Date

Loan Period End Date plus 90 days has not yet passed

Loan Status IA, ID, IG, IM

Aggregate Outstanding Principal Balance (Agg. OPB)

Greater of –OPB, or–Disbursed Amount

Not to exceed Net Loan Amount

Status-A two-character code and description indicating the status of a loan

Code Description

AE Loan Transferred to New Holder

AL Abandoned Loan

BC Bankruptcy Claim, Discharged

BK Bankruptcy Claim, Active

CA Cancelled

CS Closed School Discharge

DA Deferred

DB Defaulted, Then Bankrupt, Active, Chapter 13

DC Defaulted, Compromise

DD Defaulted, Then Died

DE Death

DF Defaulted, Unresolved

DI Disability

DK Defaulted, Then Bankrupt, Discharged, Chapter 13

DL

Defaulted, In Litigation

DN Defaulted, Paid in Full Through Consolidation Loan

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DO Defaulted, Then Bankrupt, Active, Other

DP Defaulted, Paid in Full

DR Defaulted Loan Included in a Rolled-Up Loan

DS Defaulted, Then Disabled

DT Defaulted, Collection Terminated

DU Defaulted, Unresolved

DW Defaulted, Write-off

DX Defaulted, Six Consecutive Payments

DZ Defaulted, Six Consecutive Payments, Then Missed Payment(s)

FB Forbearance

FC False Certification Discharge

FR Borrower Convicted of Fraud

IA Loan Originated

ID In School or Grace Period

IG In Grace Period

IM In Military Grace

IP In Post-Deferment Grace Period

IT Loan Transferred by DCS

Status Codes Cont:OD

Defaulted, Then Bankrupt, Discharged, Other

PC Paid in Full Through Consolidation Loan

PF Paid in Full

PM Presumed Paid in Full

PN Non-Defaulted, Paid in Full Through Consolidation Loan

RF Refinanced

RH Loan Transferred by DCS to Sallie Mae

RP In Repayment

TG Loan Transferred by DCS to GA927

UA Temporarily Uninsured-No Default Claim Requested

UBTemporarily Uninsured-Default Claim Denied

UC Permanently Uninsured/Unreinsured-No Default Claim Requested

UD Permanently Uninsured/Unreinsured-Default Claim Denied

UI Unreinsured

XD Defaulted, six consecutive payments

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The loan status code is blue and underlined if the student is not in defaut, yellow and underlined if the student is in default. The loan status codes are hyperlinks back to the Loan Status Code list above.

Older Loans

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Included in Aggregate OPB calculations

Older loans

Period End Date 90 days or older

Loan Status

Aggregate Outstanding Principal Balance (Agg. OPB)

Lesser of –Net Loan Amount, or–Disbursed Amount, or–OPB

If all are greater than zero

Aggregate OBP

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Subsidized Loan Aggregate Calculation Components

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Loan Types / Bucket: Subsidized (from Loan Summary)Recent or Older LoansFFEL SubDirect Stafford SubsidizedDirect Consolidation Subsidized Calc’d SubCL – FFEL Consol. Calc’d Sub Aggr. OPB amount(s)

Unsubsidized Loan Aggregate Calculation Components

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Loan Types/ Bucket: Unsubsidized(from Loan Summary)•Recent or Older Loans:•FFEL Unsub Supplemental Loan (SLS)Federally Insured (FISL) FFEL Refinanced LoanDirect Stafford UnsubsidizedDirect Consolidation UnsubCalc’d Unsub•FFEL Consol. Calc’d Unsub Aggr. OPB amount(s)

Consolidation Loan Components• When no underlying loans reported within 60

days of FAH review, loan level Agg. OPB is zero

• If CL over 60 days old and has no underlying loans, then whole CL treated as Subsidized

• CL falls under older loan category

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Consolidation Loans (CL) & Aggregate OPB

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Process to determine impact of CL on Aggregate OPB:

2A.Identify underlying loans

2B.Determine number of CLs & Totals

2C.Determine Calculated Agg. OPBs

2D.Determine CL;s Unallocated Agg. OPB

2E.Calculate CL’s Combined Loans Agg. OPB

Identify CL’s Underlying Loans

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Step 1: Determine Loan Status

Loan Status is one of these: PC PN DN DP PF

Step 2: Determine Loan Status Date

Loan Status Date: ________

Is Loan Status Date within 210 days (before or after) Consolidation Loan Date? Yes No

Step 3: Underlying Loan?

If Loan Status is one listed in Step 1 and the answer to Step 2 is Yes, then loan is underlying loan.

Which are Underlying Loans?

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Determine Number of CLs and Totals

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FFEL Consolidation Loan Types

Perkins Loan Types PLUS Loan Types

Determine Number of CLs and Totals

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Subsidized Loan Types Unsubsidized Loan Types

Consolidation Loans & Totals

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•Determine number of CLs = 2

•Sum Disbursed Amt of Loan Types

–Total CL Disbursed Amt: $39,000

–Total Subsidized Disbursed Amt:$18,625

–Total Unsub Disbursed Amt:$13,000

Consolidation Loans & Totals, cont.

• Loans Not Factored into Aggregate OPB Loan Limits

– Total Perkins Disbursed Amt: $4,000

– Total PLUS Disbursed Amt: $1,000

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Determine Calculated Agg. OPBs

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• Calculate ratio for each Loan Type - percentage of CL attributable to Loan Type

Sum of CL Disb Amts

Sum of Underlying Loans’ Disb AmtsRatio =

• Determine Calculated Agg. OPB amount for each CL

Aggregate = Ratio CL Guaranteed Amt

Calculate CL Subsidized Agg. OPB

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• Determine ratio for subsidized loans– Total of underlying Sub

Disbursement Amounts = $18,625– Total of CL Disbursement

Amounts = $39,000– Ratio = $18625/$39,000 =

0.47756

Calculate CL Subsidized Agg. OPB, cont.

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• Determine Calculated Subsidized Aggregates(Ratio Guaranteed Amount)

- Calculated Subsidized Aggregate for CL #4= $8,119(0.47756 $17,000)

Calculate CL Subsidized Agg. OPB

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– Calculated Subsidized Aggregate for CL #5=$10,506(0.47756 $22,000)

Calculate CL Unsubsidized Agg. OPB

• Determine ratio for Unsubsidized loans

– Total of underlying Unsub Disbursement Amounts = $13,000

– Total of CL Disbursement Amounts = $39,000

– Ratio = $13,000/$39,000 = 0.33333

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Calculate CL Unsubsidized Agg. OPB, cont.

• Determine Calculated Unsub Aggregates(Ratio Guaranteed Amount)– Calculated Unsubsidized Aggregate for CL #4= $5,667

(0.33333 $17,000)

– Calculated Unsubsidized Aggregate for CL #5= $7,333(0.33333 $22,000)

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Calculate Perkins Share of CL’s Agg. OPB

• Determine ratio for Perkins loans– Total of underlying Perkins Disbursement Amounts =

$4,000

– Total of CL Disbursement Amounts = $39,000

– Ratio = $4,000/$39,000 = 0.10256

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Calculate Perkins Share of CL’s Agg. OPB, cont.

• Determine Perkins Share of CL’s Aggregate OPB(Ratio Guaranteed Amount)– Perkins Share of CL #4 Aggregate OPB = $1,744

(0.10256 $17,000)

– Perkins Share of CL #5 Aggregate OPB = $2,256(0.10256 $22,000)

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Calculate PLUS Share of CL’s Agg. OPB

Determine ratio for PLUS loans

Total of underlying PLUS Disbursement Amounts = $1,000

Total of CL Disbursement Amounts = $39,000

Ratio = $1,000/$39,000 = 0.02564

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Calculate PLUS Share of CL’s Agg. OPB

• Determine PLUS Share of CL’s Aggregate OPB(Ratio Guaranteed Amount)

• PLUS Share of CL #4 Aggregate OPB = $436(0.02564 $17,000)

• PLUS Share of CL #5 Aggregate OPB = $564(0.02564 $22,000

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Calculate CL Unallocated Amounts

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Guaranteed Amount $17,000

- Total Perkins Share $1,744

- Total PLUS Share $436

- Calculated Sub Aggregate OPB $8,119

- Calculated Unsub Aggregate OPB $5,667

= Calculated Consolidation, Unallocated Aggregate OPB for CL #4

$1,034

CL Unallocated Amounts, cont.

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Guaranteed Amount $22,000

- Total Perkins Share $2,256

- Total PLUS Share $564

- Calculated Sub Aggregate OPB $10,506

- Calculated Unsub Aggregate OPB $7,333

= Calculated Consolidation, Unallocated Aggregate OPB for CL #5

$1,341

Calculate CL Combined Agg. OPB

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Combined Agg. OPB =

Calculated Sub Agg. OPB + Calculated Unsub Agg. OPB

Calculate CL Combined Agg. OPB, cont.

• Combined Agg. OPB (older loans) “adjusted” when:

– Underlying Perkins loans are factored out of Unallocated Amount

– Underlying PLUS loans are factored out of Unallocated Amount (for PLUS Borrower)

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Sum Loan Level Agg. OPBs by Loan Type

• Collect all loan level Agg. OPB numbers

• Roll individual calculated numbers into respective loan types

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Sum Loan Level Agg. OPBs by Loan Type, cont.

• Add in respective loan type’s pending disbursements

• Display each loan type’s Aggregate OPB Totals in Aggregate Loan Information section

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Combined Loan Amounts Roll-Up

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Evaluate Totals for Eligibility

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What have we learned?

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Resources: NSLDS Aggregate Training Workbook

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http://ifap.ed.gov/presentations/attachments/Session0207.ppt

Additional NSLDS Resources

• NSLDS for Financial Aid Professionalshttps://www.nslds.ed.gov/nslds_FAP/secure/logon.jsp

Information for Financial Aid Professionals (IFAP)

– Dear Colleague Letter GEN-96-13

– Dear Partner Letter GEN-03-12

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Overpayment List

Click “Add Overpayment”

to add another

Click Number IconTo Update/Delete

Overpayment

Grants Page

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Transfer Monitoring List

Click “NumberIcon” To

Update/Delete

Click To AddStudent

Sort/Retrieve Students That

Meet Conditions

Monitor Alert Review

Check Reviewed Box to clear alert

Click item to reviewthe aid that has

changed

Return to Main Menu

Click “Enroll” Tab to go to Enrollment

function

Enrollment Tab Menu

ENTER “SSN”, “First Name”,

and “DOB”,Then Click “Retrieve”

Enrollment Detail

Advanced Display Optionsallows selection ofrecords to display

Enrollment Summary Page

Click “Enrollment Timeline” to see

chronology of reportedenrollment

Return to Main Menu

Click “Org” Tab

Org Tab Menu

Click To Add New Contact Information

Click “Number Icon”To Update/Delete

Always create:A Primary Contact &

Enrollment Reporting- and provide EMAIL ADDRESSES

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Have Questions?

Call – They CAN help

Questions and Dialogue??

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Enjoy the conference

Again a Special thanks to US Department of Education for letting us use their presentationFSA 2007 FSA Conference

THANK YOU

FOR YOUR TIME