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Shedding Light on NSLDS

Stephanie WilsonSenior Associate of School and Lender ServicesMissouri 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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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.

NSLDS ISIR Information Continued

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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?