PEPS and Financial Partner Data Mart

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Session 67

• PEPS and Financial Partner Data Mart
• Susan Ferraiole

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What Do I Need to Know?

• Postsecondary Education Participants System
  (PEPS)
• Accurate and Timely Review Data
• Foreign School Disbursement Information
• Financial Partner Data Mart (FPDM)
• Access
• Reports
• Data Sources

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PEPS Information/Resources
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PEPS Information/Resources
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PEPS Information/Resources
L I D
L E N D E R
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PEPS Information/Resources
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PEPS Information/Resources

• Scope Code Listing
• How and When to Adjust the Scope
• Review Type Listing
• How to Record Different Reviews

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PEPS Information/Resources

• Foreign School Disbursement Information
• Dear Colleague Letter 2003-G-338
• Dear Colleague Letter 06-GEN-02

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PEPS Information/Resources

• Dear Colleague Letter 2003-G-348
• When a student requests that an FFEL disbursement
  be sent directly to him or her, guaranty
  agencies must, prior to the disbursement of
  funds, access the Departments PEPS Database and
  reconfirm that the institution the student is to
  attend is certified to participate in the FFEL
  program.
• The sentence preceding has been changed by
  HERA.

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PEPS Information/Resources

• Dear Colleague Letter 2003-G-348
• Institutions that have an Eligibility Status of
  Eligible/Loan Deferment and a Certification
  Status of Not Certified in the PEPS Database
  are eligible for FFEL loan deferment purposes
  only. They are not certified to participate in
  the FFEL programs and students attending those
  schools are not eligible to receive FFEL program
  loans.

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PEPS Information/Resources

• Dear Colleague Letter 2006-GEN-02
• Higher Education Reconciliation Act of 2005 (the
  HERA), Pub. L. 109-171
• Loans may only be disbursed directly to the
  borrower at the request of the institution
• Guaranty agencies must still verify a borrowers
  enrollment

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Name of School
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Name of School
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PEPS Information/Resources

• Dear Colleague Letter 2003-G-348
• In addition to reconfirming that the institution
  is certified to participate in the FFEL program,
  prior to the disbursement of FFEL program funds
  directly to a student, guaranty agencies must
  contact the foreign school representative listed
  in PEPS and verify that the student has been
  accepted for enrollment at the institution.

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PEPS Information/Resources

• Dear Colleague Letter 2003-G-348
• ED has previously advised foreign schools that
  the individual who is authorized to certify FFEL
  loan applications for the institution must be the
  individual listed in PEPS as the institutional
  contact.
• The guaranty agency must resolve any PEPS
  discrepancy. A guaranty agency may contact the
  institution by telephone or by e-mail.

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Name of School
LOCATION
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Name of School
LOCATION
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PEPS Information/Resources

• http//www.ed.gov/offices/OSFAP/PEPS/aboutpeps.htm
  l
• Click on Data Extracts for additional
  information
• Can be uploaded into your system
• Eliminates manual work of accessing PEPS

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PEPS Information/Resources
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Financial Partners Data Mart

• Contains financial data from guaranty agency and
  lender payment systems, PEPS, and summary level
  NSLDS information
• Updated bi-weekly and/or monthly
• Performs both analytical and reporting functions
• Lender/Servicer/Guarantor Scorecards

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Financial Partners Data Mart

• Data is password protected
• IDs are issued by the FPDM Security Officer
• Data restricted to only that applicable to the
  user
• Access through www.fp.ed.gov

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Financial Partners Data Mart
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Financial Partners Data Mart
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Financial Partners Data Mart
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Financial Partners Data Mart
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Financial Partners Data Mart
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Financial Partners Data Mart
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Financial Partners Data Mart
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Technical Slide

• We appreciate your feedback and comments.
• We can be reached at
• Phone [phone]
• Fax [phone]
• Email susan.ferraiole_at_ed.gov