Don t Let NSLDS Boggle You!

Transcription

1 Don t Let NSLDS Boggle You! Feb U.S. Department of Education Agenda Tools Aggregate Review Reports Recent Changes NSLDS Professional Access Website Changes Reports NSLDS Student Access Website Future Enhancements Student Eligibility Unusual Enrollment Person Authentication Service (PAS) Enrollment Reporting 2 Aggregate Review Tools Aggregates displayed online are calculated when a student is retrieved on NSLDS May differ from last ISIR or last time student data was retrieved Aggregate loan information separated into undergraduate and graduate totals Undergraduate and Graduate aggregate section will only appear if student has received loans for those academic levels 3 U.S. Department of Education 1

2 Aggregate Review Tools Undergraduate/Graduate Award Year is determined based on loan period begin date from student s most recently reported undergraduate/graduate loan Dependency Status Indicator identifies dependency status used in student s undergraduate/graduate loan limit determination 4 Aggregate Review Tools 5 Aggregate Review Tools Exceeds Loan Limits warning icons for graduate and undergraduate borrowers Click link for Exceeds Loan Limit warning icon to display applicable loans attributed to overage 6 U.S. Department of Education 2

3 Aggregate Review Tools Click the Link 7 Aggregate Example Click Result 8 NSLDS Reports NSLDS has three types of reports On-demand reports sent to requestor s SAIG TG Mailbox Web reports with option of immediate PDF or Excel file as well as file sent to requestor s SAIG TG Mailbox Scheduled reports that are created at specific intervals and delivered to designated SAIG TG Mailbox Reports requested in extract have layouts on IFAP, NSLDS Reference Materials - NSLDS Record Layouts SAIG delivered reports are sent with designated message class 9 U.S. Department of Education 3

4 NSLDS Reports List Report List 10 NSLDS Reports - Web Report List Web List as displayed shows Security Reports available for PDPA 11 NSLDS Web Report List 12 U.S. Department of Education 4

5 NSLDS Scheduled Reports Set up under Org tab, School Profile page Define profile for report Reporting Type includes options for Comma Delimited, Fixed Width, or Report (pre-formatted) For some Exit Counseling reports, when selecting Comma Delimited or Fixed Width Reporting Types, user may also indicate an Extract Format of either NSLDS or Direct Loan 13 NSLDS Scheduled Reports 14 Recent NSLDS Changes 15 U.S. Department of Education 5

6 CPS Inform school of first-time borrower and progress toward limit Inform student that they are subject to a limit COD Determine who is a first-time borrower Calculate maximum and remaining eligibility period and subsidized usage period Reject loans for ineligible borrowers Inform schools NSLDS Calculate maximum eligibility period Determine eligibility for interest subsidy Inform schools Inform servicers Servicers Stop subsidy Communicate with borrower 16 Basic Formula Maximum Eligibility Period (MEP) Total Subsidized Usage Period (SUP) Remaining Eligibility Period (REP) Maximum Eligibility Period (MEP) Calculated by COD based on disbursement records. Calculated by NSLDS based on Enrollment Reporting. Subsidized Usage Period (SUP) Calculated by COD and sent to NSLDS Remaining Eligibility Period (REP) Difference between MEP and REP, calculated by NSLDS 17 Link to Subsidized Usage Page has been added under Enrollment Summary page Subsidized Usage Page displays information about student s Maximum Eligibility Period Subsidized Usage Period Sum SUP Loan-Level SUP Program-level Enrollment Remaining Eligibility Period 18 U.S. Department of Education 6

7 19 Maximum Eligibility Period NSLDS calculates MEP from Program-Level Enrollment Reporting elements provided by schools NSLDS displays MEP on Subsidized Usage Page NSLDS includes MEP in TSM, FAH and Subsidized Usage Report 20 Program Length 5-Year Bachelor s Degree 4-Year Bachelor s Degree 2-Year Associate s Degree 2-Year Certificate 1-Year Certificate 18-Week Certificate 10-Week Certificate Maximum Eligibility Period 7.50 Years 6.00 Years 3.00 Years 3.00 Years 1.50 Years 27 Weeks 15 Weeks 21 U.S. Department of Education 7

8 Subsidized Usage Period Subsidized Usage Period (SUP) Calculated by COD and sent to NSLDS COD calculates Subsidized Usage Period (SUP) for each loan and sends to NSLDS NSLDS displays SUP on NSLDS websites NSLDS includes SUP in TSM, FAH, and select NSLDS Reports 22 Remaining Eligibility Period 23 Remaining Eligibility Period (REP) Difference between MEP and SUP, calculated by NSLDS NSLDS determines if Loss of Interest Subsidy should occur on a borrower s loan based on the borrower s Remaining Eligibility Period (REP) and the borrower s programlevel enrollment status Loss of Subsidy Borrowers can lose interest subsidy on outstanding Direct Subsidized Loans (D0) in certain conditions Must first have no remaining eligibility period (REP <=0) Must have new qualifying enrollment (not a new loan) REP <= 0 No completion New Enrollment Loss of Subsidy* *Subsidy loss is effective on the date of the triggering enrollment 24 U.S. Department of Education 8

9 Loss of Subsidy NSLDS now displays new Loss of Subsidy warning icon for borrowers who have lost interest subsidy D0 - Direct Stafford Subsidized (SULA Eligible) loans D9 - Direct Consolidation Subsidized (SULA Eligible) loans Field has been added to Loan Summary for D0 and D9 loans to display status of interest subsidy 25 Recent NSLDS Changes NSLDS Professional Access Website Changes 26 Recent Web Changes Loan Detail Page Loan Detail page now displays Loan Last Updated date Academic Year Begin Date Academic Year End Date 27 U.S. Department of Education 9

10 Recent Web Changes Loan Detail Page (Cont.) Loan Detail page now displays Posted Date of Forgiveness Posted Date of Discharge Current and historical forbearance detail 28 Recent Changes Repayment Plan Types New Repayment Plan Types I3 Income-Based Repayment 2014 (with Partial Financial Hardship) I4 Income-Based Repayment 2014 (without Partial Financial Hardship 29 Recent Changes Forgiveness Types NSLDS has added additional Loan Forgiveness Types but don t expect to see these used until 2017 New Forgiveness Types R1 Income-Based Repayment Loan Forgiveness R2 Income-Based Repayment Loan Forgiveness R3 Pay As You Earn Loan Forgiveness R4 Pay As You Earn Loan Forgiveness R5 Income-Contingent Repayment Loan Forgiveness R6 Income-Based Repayment Loan Forgiveness for New Borrowers on/after July 1, 2014 R7 Income-Based Repayment Loan Forgiveness for New Borrowers on/after July 1, U.S. Department of Education 10

11 Recent Changes Forgiveness Types 31 Recent NSLDS Changes Reports 32 Recent Report Changes New data in existing reports 33 U.S. Department of Education 11

12 Recent Report Changes New data in existing reports School Portfolio Report (SCHPR1) now includes Subsidy usage and tracking information A loan s subsidy status Academic Year Begin/End Dates New Repayment Plan Codes New Loan Forgiveness Codes 34 Recent Report Changes New data in existing Reports Borrower Demographic Report (SCHBR1) includes Demographic data collected from COD School Loan List (SCHLL1) includes Cumulative Cancellation Amount will be present in report Cancellation Date will be present in report Updated record layouts were posted on IFAP in July New Report Subsidized Usage Report Report tab, Report list, Select SCHSB1 36 U.S. Department of Education 12

13 New Report Subsidized Usage Report (SCHSB1) Subsidized Usage Report (SCHSB1) includes Lists student borrowers who have Direct Stafford Subsidized (SULA Eligible) (D0) loans, currently in attendance at location of user requesting report Borrower s total subsidized usage Borrower s loan-level subsidized usage Borrower s program enrollment information Message Class SUBRPTOP 37 Recent NSLDS Changes NSLDS Student Access Website 38 NSLDS Student Access Website Updates Website includes student s addresses Phone numbers Students can update their phone number and address Students can report what school they are attending 39 U.S. Department of Education 13

14 NSLDS Student Access Website Address 40 NSLDS Student Access Website Enrollment 41 NSLDS Student Access Website Updates (Cont.) NSLDS SA website has been updated to display student s Maximum Eligibility Period (MEP) Subsidized Usage Period (SUP) Remaining Eligibility Period (REP) Loss of Subsidy information Program-level enrollment data 42 U.S. Department of Education 14

15 Upcoming NSLDS Changes 43 What s New with Student Eligibility New Postscreening Reason Codes # 26 Confirmed Loan Subsidy Status changes # 27 Subsidized Usage Period (decreases only) Transfer Student Monitoring (TSM) and Financial Aid History (FAH) New field: Subsidy Status Date Updated name from - Last Confirmed SULA Status field to Confirmed Loan Subsidy Status - Subsidized Limit Eligibility Used to Subsidized Usage Period 44 New TSM/FAH Guide includes batch file layouts! What s New with Student Eligibility Starting in , both grants and loans will be considered in determining unusual enrollment patterns Lookback period to include previous four years ( , , and ) UEH Codes and values remain same 2 = Unusual enrollment history 2 3 = Unusual enrollment history 3 N = No problem Blank = Not sent for match Guidance about how to resolve C Flag for selected applicants remains same 45 U.S. Department of Education 15

16 Upcoming Reaffirmation Spring 2015, federal loan servicers will begin to report borrowers who have successfully completed Reaffirmation to NSLDS NSLDS will display an information icon indicating that reaffirmation data have been received: NSLDS will continue to display over applicable aggregate icons: 46 Upcoming Reaffirmation Condition Before Reaffirmation Received Condition After Reaffirmation Received Borrower Over Aggregate Limit NSLDS Postscreening Reason Code = 11 or 12 NSLDS Loan Limit Flag(s) = R Borrower Close-To Aggregate Limit Borrower Not Over or Close-To Limit No Postscreening No Postscreening If Aggregate OPB increases by more than $25 after reaffirmation data is received, NSLDS will re-evaluate borrower for Postscreening based on borrower s Aggregate OPB. The informational icon will continue to display regardless of borrower s eligibility. 47 Enrollment Reporting Enrollment Reporting Topics Why Enrollment Reporting is important Timely and accurate Enrollment Reporting Uses of Enrollment Reporting data College Scorecard and Shopping Sheet Academic Success and Outcomes 48 U.S. Department of Education 16

17 Enrollment Reporting is Important Each school s participation in Enrollment Reporting process is critical to proper assessment of interest subsidy In-school deferments and beginning of grace periods Graduation date received by NSLDS ensures loans don t lose interest subsidy due to 150% subsidized limit Ensures that borrower s interest subsidy concludes on proper effective date for 150% purposes 49 Timely and Accurate Reporting During 2015, NSLDS will be monitoring timeliness and accuracy of your school s Enrollment Reporting Timely Reporting reporting every 60-days and correcting errors within 15-days Incomplete or Partial Enrollment Rosters Schools Not Reporting NSLDS will be working with Program Compliance to develop metrics and thresholds 50 Scorecard and Shopping Sheet Two notable consumer products using NSLDS data College Scorecard Helps empower students and families with more transparent information Financial Aid Shopping Sheet Provides individuals with information about financial decision to attend college in clear, concise and standardize format that facilitates easy comparisons across institutions 51 U.S. Department of Education 17

18 Academic Success and Outcomes Currently, ED uses information from IPEDS to respond to information requests about borrower academic success (graduation, completion, etc.) Recently, Consolidated Appropriations Act of 2014, directed ED to report information on Pell Grant recipients academic success (graduation) to Congress 52 Academic Success and Outcomes Enrollment Reporting focus will now shift to include academic success of loan and grant recipients New College Ratings on Financial Aid Shopping Sheet Median income of borrowers who complete Graduation rates What happens to students who complete In 2015, NSLDS will be providing all schools the opportunity to update individual student s completion/graduation data 53 QUESTIONS? 54 U.S. Department of Education 18

19 Contact Information Contact me with follow-up questions about this session:, Training Officer Contact the following Supervisor to provide feedback about this training: Annmarie Weisman Department of Education Contacts Research and Customer Care Center Reach FSA 855.FSA.4FAA -- 1 number to reach 10 contact centers! ez-audit COD CPS/SAIG NSLDS G5 Campus Based Call Center School Eligibility Service Group Foreign Schools Participation Division Research and Customer Care Center Nelnet Total & Permanent Disability Team 56 Training Feedback To ensure quality training we ask all participants to please fill out an online session evaluation Go to Evaluation form is specific to 57 U.S. Department of Education 19