NSLDS BASICS for Schools EASFAA May 2010 Allene Begley Curto Springfield College School of Human Services

THE BASICS OF NSLDS What do we see on NSLDS? What do we see on NSLDS? How is data sent and received? How is data sent and received? Loans Loans Grants Grants Enrollment Enrollment Transfer Monitoring Transfer Monitoring NSLDS Exit Counseling NSLDS Exit Counseling

THE BASICS OF NSLDS Loans Loans  Aggregate limits  Annual Limits  Loan Periods  Pending Disbursements Grants Grants  Pell  ACG/Smart  Iraq/Afghanistan Service Grant?

THE BASICS OF NSLDS Enrollment Enrollment  Reporting  Enrolled at other school Transfer Monitoring Transfer Monitoring  Adding records  Reviewing Records NSLDS Exit Counseling NSLDS Exit Counseling

Data Sources Schools Schools US Department of Education US Department of Education Guarantee Agencies Guarantee Agencies Lenders Lenders Loan Servicers Loan Servicers Student Loan Clearinghouse Student Loan Clearinghouse

NSLDS Logon

User Access Verification

Organization Contact Information It is important to keep your contacts up to date on the NSLDS Org Contact List Page NSLDS uses Contacts from this page for important notifications

Annual Limits are NOT so Simple Loans at another school during the same award year Loans at another school during the same award year Overlapping loan periods Overlapping loan periods Concurrent enrollment Concurrent enrollment

What Loans Count in Annual Limit at My School? Loan period begin date for loan at other school less than 30 weeks before date loan period begins for loan at my school. Loan period begin date for loan at other school less than 30 weeks before date loan period begins for loan at my school. Loan disbursement - amount disbursed less any amount cancelled/refunded. Loan disbursement - amount disbursed less any amount cancelled/refunded.

Annual Limits and Issues NOT on NSLDS Cost of Attendance Cost of Attendance Changes in grade level Changes in grade level Parent denied PLUS Parent denied PLUS Loan Proration Loan Proration

Perkins Limits Annual Limits $4000 UG/ $6000 GR Annual Limits $4000 UG/ $6000 GR Aggregate Aggregate  $8000 if student has completed < 2 years UG  $20000 if student has completed 2 or more years UG and is pursuing bachelor’s degree. UG limit includes any amount borrowed as GR if later pursues 2 nd bachelor’s  $40000 if student is Graduate/Professional (includes UG Perkins amounts)

Aggregate Limits – Not So Simple Either Consolidation Loans Consolidation Loans Increased eligibility Health professions Increased eligibility Health professions Increased eligibility for Dependents when parent is denied PLUS Increased eligibility for Dependents when parent is denied PLUS Dependency changes Dependency changes Effect of exceeding undergraduate limits on Graduate eligibility Effect of exceeding undergraduate limits on Graduate eligibility

Aggregate OBP

Consolidation Loans and Stafford Aggregate Limits Only count Stafford Loans Only count Stafford Loans Only count amounts disbursed less any cancellations/refunds Only count amounts disbursed less any cancellations/refunds Subtotal Subsidized and Unsubsidized separately for Subsidized and Combined Limits Subtotal Subsidized and Unsubsidized separately for Subsidized and Combined Limits

Aggregate Limits – Be Wise! Know what counts toward aggregate limits in a consolidation loan Know what counts toward aggregate limits in a consolidation loan Check the full and complete record in NSLDS when documenting! Check the full and complete record in NSLDS when documenting! Ensure limits are routinely and consistently checked when awarding Ensure limits are routinely and consistently checked when awarding

Aggregate Limits - Document! Document! Document! Document when limit has been “extended” by unsubsidized to replace PLUS denial Document when limit has been “extended” by unsubsidized to replace PLUS denial Document when a Consolidation loan clears “inadvertent overborrowing” Document when a Consolidation loan clears “inadvertent overborrowing” Document that you have reviewed all CPS postscreening ISIRS Document that you have reviewed all CPS postscreening ISIRS Document that you have reviewed all Transfer Monitoring Alerts Document that you have reviewed all Transfer Monitoring Alerts

GRANTS Pell Pell Two Pells in a Year Two Pells in a Year ACG/SMART ACG/SMART New Grants as they are born! New Grants as they are born!

Enrollment Reporting Who Reports? Who Reports?  Institution - Registrar?  Clearinghouse?  Other? When is it Reported? When is it Reported?  Institution - Schedule  NSLDS updated

Enrollment Summary Page

Enrollment Detail

NSLDS Transfer Monitoring NSLDS Transfer Monitoring Process – who do you add?  (answer should be everyone who is not a freshman who never attended before!) Who Reviews?  Updated Wednesday night so check Thursday am!

Help! There’s an Alert! Monitor the Pell and loan amounts Monitor the Pell and loan amounts Reduce the Pell or loan at your school if necessary Reduce the Pell or loan at your school if necessary Other school should be contacted if student disputes amount of Pell or loan received at other school Other school should be contacted if student disputes amount of Pell or loan received at other school

NSLDS Exit Counseling NSLDS Newsletter # 26 NSLDS Newsletter # 26 Official/Current Record of ALL Federal loans Official/Current Record of ALL Federal loans Introduces student to the NSLDS site Introduces student to the NSLDS site Repayment Calculators Repayment Calculators Links to loan Holders (where available) Links to loan Holders (where available) School can get Reports School can get Reports Automatic Compliance Updates Automatic Compliance Updates

NSLDS Postscreenings Aggregate Limits Aggregate Limits Overpayments Overpayments Defaults Defaults Discharges Discharges Bankruptcies Bankruptcies

NSLDS Postscreenings Review all CPS generated ISIRs Review all CPS generated ISIRs Review NSLDS record on postcreenings with a “negative” message Review NSLDS record on postcreenings with a “negative” message Resolve the issue(s)! Resolve the issue(s)!  Default(s) added/cleared  Satisfactory repayment added/removed  Exceeded subsidized or combined aggregate/No longer exceeding

Sanity Savers Check limits before awarding Check limits before awarding Monitor NSLDS postscreenings immediately! Monitor NSLDS postscreenings immediately! Review NSLDS Transfer Monitoring Alerts weekly Review NSLDS Transfer Monitoring Alerts weekly Resolve! when annual or aggregate exceeds limits Resolve! when annual or aggregate exceeds limits Document! Loans that are within limits but appear to exceed limits Document! Loans that are within limits but appear to exceed limits

Keys to Success! Review of NSLDS data on ISIR Review of NSLDS data on ISIR NSLDS postscreening NSLDS postscreening NSLDS transfer monitoring NSLDS transfer monitoring NSLDS Newsletters NSLDS Newsletters FSA Handbook FSA Handbook Use your FAMS Use your FAMS Monitor, monitor, monitor Monitor, monitor, monitor Document, document, document Document, document, document