1 / 66

NSLDS UPDATE

NSLDS UPDATE. Eric Hardy U.S. Department of Education. NSLDS Update. 150% Direct Subsidized Loan Limit NSLDS Reports Update Enrollment Reporting Update Repayment Plan Reporting Additional Topics. 150% Direct Subsidized Loan Limit. 150% Direct Subsidized Loan Limit.

cutter
Download Presentation

NSLDS UPDATE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

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

  3. 150% Direct Subsidized Loan Limit

  4. 150% Direct Subsidized Loan Limit • 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” • 07/15/2013 03:05 PM - 04:20 PM (Pinyon Ballroom 4) • 07/16/2013 10:35 AM - 11:50 AM (Pinyon Ballroom 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

  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

  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)

  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 2013

  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) • 2014-2015 Prescreening and Postscreening • 2014-2015 Institutional Student Information Record (ISIR) • A Postscreening Reason Code 25 will be added for changes to a SULA status for 2014-2015

  10. 150% - Tracking First-Time Borrowers Phase 1 (January 2014) • “D0” Loan Type will be included on: • 2014-2015 Prescreening and Postscreening • 2014-2015 Institutional Student Information Record (ISIR) • A new Direct Consolidation Subsidized for SULA eligible loans will be created but will not be used immediately

  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 2014-2015 ISIR

  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

  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.

  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 2014-2015 ISIR

  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 2014-2015 ISIR • NSLDS will send the Loss of Interest Subsidy to the Federal Loan Servicers

  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

  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

  19. School Portfolio Report • 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

  20. School Portfolio Report • 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 Layoutssection on the IFAP Website

  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 • E-mail address

  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

  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) Website • See NSLDS Newsletter #42 for additional details

  24. Median Borrowing BackupDetail 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

  25. Median Borrowing BackupDetail Report • 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 Website

  26. Enrollment Reporting Certification Report • 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

  27. Enrollment Reporting Certification Report • Contains last certified record as well as dates applied to NSLDS • Extract has calculated number of days since certification was reported/applied to NSLDS

  28. Enrollment Reporting Certification Report • 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 Website

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

  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

  32. Report Students Where They Attend • 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

  33. Report Students Where They Attend • 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

  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

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

  36. “Move To” Location Functionality • 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

  37. “Move To” Location Functionality • 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”

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

  39. Enrollment Reporting Preferences

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

  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

  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

  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

  44. Enrollment Spreadsheet Submittal • Enrollment Spreadsheet Submittal Instructions posted to the "Software and Associated Documents" section of the Federal 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 3.11

  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

  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

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

  48. Repayment Plan Reporting

  49. Repayment Plan Reporting • 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

  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

More Related