Shedding Light on NSLDS

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Shedding Light on NSLDS

• Stephanie Wilson
• Senior Associate of
• School and Lender Services
• Missouri Department
• of Higher Education
• [phone]

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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

Schools Financial Aid OR Registrars 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 applicants
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 Lenders 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?