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NSLDS UPDATE Eric Hardy U.S. Department of Education.

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Presentation on theme: "NSLDS UPDATE Eric Hardy U.S. Department of Education."— Presentation transcript:

1 NSLDS UPDATE Eric Hardy U.S. Department of Education

2 NSLDS Update 150% Direct Subsidized Loan Limit NSLDS Reports Update Enrollment Reporting Update Repayment Plan Reporting Additional Topics 2

3 3 150% Direct Subsidized Loan Limit

4 Electronic Announcement #1 - Interim Final Regulations Published was posted on the Information for Financial Aid Professionals (IFAP) Website on May 16, 2013 Department of Education sessions scheduled to take place at the NASFAA Conference: – “Limiting Direct Loan Borrowing to 150% of Program Length” 07/15/ :05 PM - 04:20 PM (Pinyon Ballroom 4) 07/16/ :35 AM - 11:50 AM (Pinyon Ballroom 4) 4

5 150% Direct Subsidized Loan Limit Limiting Direct Loan Borrowing to 150% of Program Length will be implemented on NSLDS in several phases: – Identifying First-Time Borrowers – Tracking Subsidized Usage Periods for First-Time borrowers – Calculating Maximum Eligibility Periods – Determining Loss of Subsidy Implementation dates of phases will overlap 5

6 150% - Tracking First-Time Borrowers Phase 1 (July 2013) COD will identify First-Time Borrowers Subsidized Usage Limit Applies (SULA) Flag is reported to NSLDS from Federal Loan Servicers New Loan Type is reported from Federal Loan Servicers – “D0” for Direct Stafford Subsidized (SULA Eligible) loans 6

7 150% - Tracking First-Time Borrowers Phase 1 (July 2013) New “D0” Loan Type displays on: – NSLDS Websites – NSLDS Reports – Financial Aid History (FAH) – Transfer Student Monitoring (TSM) New “D0” Loan Type displays as “D1” on – Prescreening and Postscreening – Institutional Student Information Record (ISIR) 7

8 150% - Tracking First-Time Borrowers Phase 1 (July 2013) School Portfolio Report (SCHPR1) updated to include: – New loan type of “D0” in the list of loan types identifying Direct Loans – Borrower-level SULA Flag indicator on loans (‘Y’, ‘N’ or blank) Updated record layout will be posted to IFAP in July

9 150% - Tracking First-Time Borrowers Phase 1 (January 2014) SULA flag will display on the NSLDSFAP Website SULA flag will be included on: – Financial Aid History (FAH) – Transfer Student Monitoring (TSM) – Prescreening and Postscreening – Institutional Student Information Record (ISIR) A Postscreening Reason Code 25 will be added for changes to a SULA status for

10 150% - Tracking First-Time Borrowers Phase 1 (January 2014) “D0” Loan Type will be included on: – Prescreening and Postscreening – Institutional Student Information Record (ISIR) A new Direct Consolidation Subsidized for SULA eligible loans will be created but will not be used immediately 10

11 150% - Tracking Subsidized Usage Periods (SUP) Phase 2 (tentative March 2014) COD will calculate the Subsidized Usage Periods (SUP) for each loan and send to NSLDS – NSLDS will display the SUP on the NSLDS websites – NSLDS will include the SUP in TSM, FAH and NSLDS Reports – NSLDS will send the borrower-level SUP to CPS for inclusion on the ISIR 11

12 150% - Calculating Maximum Eligibility Period (MEP) Phase 3 (tentative March 2014) NSLDS will compare the Maximum Eligibility Period (MEP) calculated by COD for to Program-Level Enrollment Reporting from Schools – Enrollment Reporting changes will be required NSLDS will determine if a new MEP should be calculated based on the Enrollment Reporting 12

13 150% - Calculating Maximum Eligibility Period (MEP) Phase 3 (tentative March 2014) When reporting enrollment information to NSLDS, school must include for program in which the borrower is enrolled: CIP Code Credential Level Length of program in years, months, or weeks If applicable, indication that program is preparatory coursework or teacher certification coursework for which school does not award an academic credential. 13

14 150% - Calculating Maximum Eligibility Period (MEP) Phase 3 (tentative March 2014) NSLDS will display the MEP on the NSLDS websites NSLDS will include the MEP in TSM, FAH and NSLDS Reports NSLDS will not send the MEP to CPS for inclusion on the ISIR 14

15 150% - Loss of Interest Subsidy Phase 4 (tentative March 2014) NSLDS will determine if Loss of Interest Subsidy should occur on a borrower’s loan based on the borrower’s MEP and total SUP NSLDS will update the following: – NSLDS will display the Loss of Interest Benefits on the NSLDS Websites – NSLDS will include the Loss of Interest Subsidy in TSM, FAH and NSLDS Reports – NSLDS will send the Loss of Interest Subsidy to CPS for inclusion on the ISIR – NSLDS will send the Loss of Interest Subsidy to the Federal Loan Servicers 15

16 Reports Update

17 School Portfolio Report Report includes borrowers from the school code of the requesting FSA User ID Provides Direct and FFEL loan data including: – Consolidation loans and its underlying loans – Loan amount and current balances – Loan servicing data such as delinquency date, loan status, and repayment plan 17

18 School Portfolio Report The School Portfolio Report can also be set up to be sent automatically The frequency of the report can be: – Bi-Weekly – Monthly – Quarterly The scheduled School Portfolio Report will provide data three years back and three years forward from the current fiscal year for a total of six years of data 18

19 Provided as an extract file via SAIG – In Fixed-width format, delivered in message class SCHRPFOP – In Comma Separated Value (CSV) format, delivered in message class SCHRPCOP If a school has merged, the loans associated with the previous OPEID will be included in the new or existing OPEID’s report output 19 School Portfolio Report

20 Enhancements to the report – November 2012 Includes the most recent information on: – Repayment – Deferment – Forbearance – February 2013 Includes Repayment Plan Types Layouts available on the NSLDS Record Layouts section on the IFAP WebsiteNSLDS Record Layouts 20 School Portfolio Report

21 Borrower Demographic Report New Report available in February 2013 Report includes borrowers from the school code of the requesting FSA User ID Provides demographic data as reported to NSLDS by any source Includes: – Borrower Identifiers – Address – Phone number – address 21

22 Borrower Demographic Report Provided as an extract file via SAIG – In fixed-width format, delivered in message class DEMOFWOP – In comma separated value (CSV) format, delivered in message class DEMOCDOP Sent to the TG mailbox associated with the FSA User ID that requested the report 22

23 Borrower Demographic Report Can be used in conjunction with the School Portfolio Report (SCHPR1) Layouts available on the NSLDS Record Layouts section of the Information for Financial Aid Professionals (IFAP) WebsiteNSLDS Record Layouts See NSLDS Newsletter #42 for additional details 23

24 Median Borrowing Backup Detail Report Median Borrowing is used on the College Scorecard metrics Report provides the student and loan information used in the calculation Report sent to the TG mailbox associated with the FSA User ID that requested the report 24

25 Provided as an extract file via SAIG In fixed-width format only Delivered in message class SCMBDROP Layouts available on the NSLDS Record Layouts section on the IFAP WebsiteNSLDS Record Layouts 25 Median Borrowing Backup Detail Report

26 Allows the school to monitor its certified enrollment data to help ensure compliance with Enrollment Reporting requirements Provides student specific enrollment certification data Includes date when data was applied to the NSLDS database 26 Enrollment Reporting Certification Report

27 AttributeDescription Days Since CertifiedBased on extract date, the elapsed number of days since the last certification date of the student’s enrollment record. Days Since Certification Applied Based on extract date, the elapsed number of days since the last certification date of the student’s enrollment was applied. Contains last certified record as well as dates applied to NSLDS Extract has calculated number of days since certification was reported/applied to NSLDS Enrollment Reporting Certification Report 27

28 Provided as an extract file in fixed-width format only Delivered in message class AHSLDEOP to the TG mailbox associated with the FSA User ID that requested the report Layouts available on the NSLDS Record Layouts section on the IFAP WebsiteNSLDS Record Layouts 28 Enrollment Reporting Certification Report

29 New Reports for 2013 College Scorecard Debt-to-Earnings – Addition to the School Scorecard – Fall Implementation 29

30 Enrollment Reporting Update

31 Importance of Enrollment Reporting Critical for administration of Title IV Loan Programs Ensures students’ rights are protected Essential for – Proper servicing of loan throughout the life cycle of the loan – Preventing defaults – School cohort management 31

32 NSLDS places students on a roster based on reporting of federal aid COD disbursement records now require the “Enrollment School Code” It is important that schools add financial aid recipients to their rosters if the students are not listed 32 Report Students Where They Attend

33 Students should be reported at two locations of the same 6-digit OPEID ONLY IF the student is actually attending both If the student is not enrolled at both locations, report the correct location for the student If a student appears on a roster of an incorrect location, use the “Move to” functionality to report the correct location for the student 33

34 “Move To” Location Functionality The location field – Last 2-digits of the 8-digit OPEID – Has been added in both batch and online Schools that share the same 6-digit OPEID and Administrator can “move” a student to the roster of the location where s/he attends – Helpful for students misreported at a location – Helpful for transfers between locations 34

35 Batch File – Field is “Move to School Branch Code” Online – Field on Enrollment Maintenance is “Loc” (Location) 35 “Move To” Location Functionality

36 When certifying a change, provide the enrollment data for the “new” location – Enrollment status at new location – Enrollment status effective date For transfers, provide the effective date at the new location For correction of location, provide the date the student began this current enrollment status for that location – Anticipated Completion Date 36 “Move To” Location Functionality

37 – When “Move To” is used, NSLDS performs the action of stopping enrollment at one location and beginning it at another – Currently a “Withdrawn” record is applied to the old location – In June, NSLDS will use the status of “Moved” instead of “Withdrawn” 37 “Move To” Location Functionality

38 This summer, NSLDS will store and display the status of “Moved” online instead of “Withdrawn” 38 “Move To” Location Functionality

39 39 Enrollment Reporting Preferences

40 Reporting Preference Update Select roster format, file type, and sort order 40

41 Enrollment SAIG Message Classes For Enhanced Fixed-length format – EFRFLEOP - Roster File from NSLDS – EFSFLEIN - Completed Submittal File or Error Correction File returned to NSLDS For Comma Separated Value (CSV) format – EFRCDEOP - Roster File from NSLDS – EFSCDEIN - Completed Submittal File or Error Correction File returned to NSLDS For XML format – EFRXMLOP - Roster File from NSLDS – EFSXMLIN - Completed Submittal File or Error Correction File returned to NSLDS 41

42 Additional Enrollment Reporting Notes The SSCR Release 3.0 software has been removed as it is not compatible with new formats An alternative is the new enrollment spreadsheet submittal process – Uses spreadsheet for online upload – Can use file sent from NSLDS in CSV – File is not returned through SAIG 42

43 Enrollment Spreadsheet Submittal Format created to allow direct upload to NSLDSFAP Website Designed to help schools that used the SSCR Release 3.0 software and those that use online to update all students 43

44 Enrollment Spreadsheet Submittal Enrollment Spreadsheet Submittal Instructions posted to the "Software and Associated Documents" section of the Federal Student Aid Download (FSAdownload) Web siteFederal Student Aid Download (FSAdownload) Web site It includes: – Enrollment Spreadsheet Submittal Instruction Guide – Enrollment Spreadsheet Submittal Format Instructions are also in the NSLDS Enrollment Reporting Guide Section 3.11NSLDS Enrollment Reporting Guide 44

45 Enrollment Push to Roster A school can use the “Enrollment Push to Roster” feature when: – A student belongs on a roster for which you cannot report – You have no administrative rights for that location – The student transferred to a school for which you do not report 45

46 Enrollment Push to Roster Enter the 8-digit OPEID and click submit for the student to be added to the school’s next roster Enter School Code 46

47 Relevant Enrollment Reporting Communications DCL GEN-12-06, March 30, 2012 DCL GEN EA - Upcoming Enhancements to NSLDS to Accommodate Enrollment Reporting Process Changes, April 6, 2012, includes links to NSLDS Record Layouts EA - Upcoming Enhancements to NSLDS to Accommodate Enrollment Reporting Process Changes Newsletter 39 & 40: NSLDS Enrollment Reporting Enhancements, July 6, 2012 Newsletter 39 & 40: NSLDS Enrollment Reporting Enhancements NSLDS Enrollment Reporting Guide, January 11, 2013 NSLDS Enrollment Reporting Guide NSLDS Enrollment Submittal Format and Instructions, January 9, 2013 NSLDS Enrollment Submittal Format and Instructions 47

48 Repayment Plan Reporting

49 As of February 2013, new repayment plans are being accepted and displayed on NSLDS Repayment Plan Type codes are only reported to NSLDS by the Department’s Federal Loan Servicers (ED Servicers) Federal Loan Servicers report on Direct Loans and FFEL Loans that are owned by the Department 49

50 Repayment Plan Reporting The new repayment plans were added to NSLDS to: – Expanded on the existing Income-Driven plans (Income Based, Income Contingent and Pay As You Earn) – Added the Alternative Repayment Plans available for Direct Loans These additions allow the ED Servicers to report the repayment plans at a detailed level 50

51 Repayment Plan Types Available repayment plan types on NSLDS, with the new additions highlighted CodeRepayment Plan Type C1Income Contingent Repayment– Formula Amount C2Income Contingent Repayment– Capped Amount C3Income Contingent Repayment CGConsolidation Graduated Repayment CSConsolidation Standard Repayment EFExtended Fixed Repayment EGExtended Graduated Repayment FEFixed Payment, Extended Term Repayment FFFixed Payment, Fixed Term Repayment GRGraduated Repayment I3Income Based Repayment (Future Use) IBIncome-Based Repayment – Financial Hardship ICIncome Contingent Repayment ILIncome Based Repayment– No Financial Hardship ISIncome Sensitive Repayment J1Alternative Fixed Payment Repayment J2Alternative Fixed Term Repayment J3Alternative Graduated Payment Repayment J4Alternative Negative Amortization Repayment PAPay as You Earn Repayment SFStandard Repayment SGGraduated 10-Year Repayment SPSpecial Plan/Secretary's Option Repayment 51

52 New Repayment Plan Types The repayment plan types are included: – On the NSLDSFAP Website on the Loan Detail pages – In the School Portfolio Report (SCHPR1) – In the Delinquency Report (DELQ01) This summer the repayment plan type of P1 (Pay As You Earn – No Financial Hardship) will be added to NSLDS 52

53 Recent Student Eligibility Changes

54 Identifying Federally Serviced Loans Direct Loans and FFEL Loans that are owned by the Department are reported to NSLDS by the Federal Loan Servicers The ED Servicer name on NSLDS begins with ‘DEPT OF ED/’, followed by the specific servicer’s name Loans not serviced by an ED Servicer will have a Guaranty Agency and Servicer (or Lender) displayed 54

55 Identifying Federally Serviced Loans 55

56 Aggregate Calculations New as of January 2013 – Excluding capitalized interest from Outstanding Principal Balances (OPB) for open, non- consolidation loans – Enhanced the linking logic for underlying loans of Direct Unsubsidized Consolidation Loans (D5) and Direct Subsidized Consolidation Loans (D6) 56

57 Capitalized Interest Capitalized Interest is only reported to NSLDS by the ED Servicers for Direct Loans and FFEL Loans that are owned by the Department NSLDS modified the display of the Capitalized Interest Flag and mouse-over text on the NSLDSFAP Loan History Web page – Amounts are found on the Loan Detail Web page 57

58 Additional Topics NSLDS Student Access Web Site Changes DMCS Reporting TEACH Grant Servicer Disability Processing Contact 58

59 NSLDS Student Access Web Site Changes Virtual Keyboard for entering 4-digit PIN 59

60 Online loan exit counseling has moved from NSLDS to – Link from NSLDS Student Access takes student to for counseling sessionwww.studentloans.gov – Upon completion of exit counseling session, the data is provided to NSLDS. Schools can continue to view completion information and receive reports NSLDS Student Access Web Site Changes 60

61 DMCS Reporting DMCS is now reporting to NSLDS – NSLDS fixed incorrect school codes reported by DMCS – NSLDS reversed reporting of incorrect opened or closed loan statuses – NSLDS and ED are monitoring data files and requesting changes before loading data to NSLDS – Contact the DMCS Help Desk at

62 TEACH Grant Servicer As of July 22, 2013, FedLoan Servicing (PHEAA) will be responsible for servicing TEACH Grants for the Department FedLoan Servicing (PHEAA) will be responsible for reporting TEACH Grant data to NSLDS 62

63 Disability Processing Contact As schools that service Perkins Loans are required to create “Disability Contact” on the NSLDS Org Contact Page Any user with access to NSLDS associated with your OPEID are permitted to update the Org Contacts 63

64 Disability Processing Contact New Contact Type

65 Disability Processing Contact

66 NSLDS Contact Information Customer Support Center: Phone: Toll: Fax: Web:www.nsldsfap.ed.govwww.nsldsfap.ed.gov 66


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