Using NSLDS to Teach English as a Foreign Language

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1 NSLDS: Building Bridges to Better Understand the Data

2 Why Use NSLDS? Understanding the data in NSLDS enables you to: Deliver the right aid to the right students Better counsel students who are close to their aggregate loan limits

3 Agenda What is NSLDS? Using NSLDS to determine eligibility Using NSLDS to assist your students Wrap-up Questions???????

4 What is NSLDS?

5 The National Student Loan Data System (NSLDS) U.S. Department of Education s (ED s) central database for student aid Provides a centralized, integrated view of Title IV loans and grants Data collected from variety of sources Updated regularly Created in 1996

6 The National Student Loan Data System (NSLDS) Tracks the enrollment of all student loan borrowers Contains records of recipients of federal grants and persons who owe an overpayment on a federal grant or federal Perkins loan

7 What s In NSLDS? Federal student loans Federal Family Educational Loan Program (FFELP) loans Federal Direct loans Perkins loans Federal grants Pell Grants Supplemental Educational Opportunity Grants (SEOG) Academic Competitiveness Grant (ACG) National Science & Mathematics to Retain Talent Grants (SMART) Enrollment

8 NSLDS Data Transferred to ISIR upon completion of the FAFSA Received from: Schools Federal loan servicers Other ED programs Central Processing System Pell Grant program

9 Using NSLDS to Determine Eligibility

10 Conditions That Affect Title IV Eligibility Transfer students Prior default/overpayment of grant Bankruptcy Prior discharge due to total and permanent disability Aggregate loan limits

11 NSLDS and the Institutional Student Information Record (ISIR) ISIR information is from NSLDS You may rely on ISIR information and on the information in NSLDS Changes via post-screening After Financial Aid History is received, NSLDS notifies school if significant changes (overpayment or default) occur GEN-96-13, Q&A 54 & 55

12 NSLDS and the Institutional Student Information Record (ISIR) Student not in the database Comment that student s Social Security number is not in database No relevant history No information will be provided Processing problem C code Student will contact financial aid

13 Changes After the Initial Match Post-screening Is not required to check for changes If you learn from a source other than NSLDS that the student is ineligible, you must resolve the issue before any delivery or disbursement Will be notified if there are significant changes Default or overpayment New output documents Changes will be noted with a # sign

14 Transfer Student Monitoring Requires action on your part! Use Transfer Student Monitoring process for transfer students Allows you to receive updated loan history Other conditions have an effect on eligibility

15 Resolving a Defaulted Loan Repay in full (code DP) Voluntary Involuntary No defense of infancy Consolidate the loans (code DN)

16 Resolving a Defaulted Loan Make satisfactory repayment arrangements Six consecutive, full, voluntary payments on time (code DX was replaced by XD several years ago) Doesn t include: Federal offset Garnishment Income or asset execution Satisfactory repayment and rehabilitation :HEA Sec. 428F(a) and (b), 464(h)(1) and (2) General Provisions: 34 CFR (a)(2; Perkins: 34 CFR 674.9(j), FFEL: 34 CFR (b), ; DL: 34 CFR (b), (f)

17 Resolving a Defaulted Loan Rehabilitated loan Nine full, voluntary payments on time (no later than 20 days after the due date) within 10 consecutive months Satisfactory repayment and rehabilitation :HEA Sec. 428F(a) and (b), 464(h)(1) and (2) General Provisions: 34 CFR (a)(2; Perkins: 34 CFR 674.9(j), FFEL: 34 CFR (b), ; DL: 34 CFR (b), (f)

18 The Effect of Bankruptcy Remains eligible Doesn t have to reaffirm a loan discharged Bankruptcy Reform Act of 1994 Prohibits denial of aid based solely on filing for, or having a debt discharged in, bankruptcy

19 The Effect of Total and Permanent Disability Discharge Begins on the date discharge was granted Lasts up to three years Uses same criteria and procedures that were used for TEACH Perkins: (b) DL: Dear Colleague Letters GEN and GEN-09-07

20 The Effect of Total and Permanent Disability Discharge If new loan or TEACH Grant is desired: Must obtain a physician s certification Must sign statement new FSA loan or TEACH Grant can t be later discharged for any present impairment unless it deteriorates If in post-discharge monitoring, must resume payment on discharged loans If defaulted loan is discharged then reinstated, must make satisfactory payment arrangements Perkins: (b) DL: Dear Colleague Letters GEN and GEN-09-07

21 NSLDS Not Just for Financial Aid Professionals

22 Use NSLDS to NSLDS Can Help You Help Your Students Determine student eligibility Review borrower aggregate totals Track changes to a student s financial aid history Access for Financial Aid Professionals at Access for students at Students must have a valid PIN

23 USING NSLDS TO ASSIST YOUR STUDENTS

24 When to tell your students/families about NSLDS? When they first come to campus. While Enrolled. Exit Counseling.

25 What we do Freshman Orientation Parents at Summer Registration Students at Fall Registration

26 What we do Financial Aid Visits while Enrolled

27 What we do Exit Counseling In Person Exit Counseling & NSLDS Exit Counseling

28 Exit Counseling

29 Exit Counseling

30 NSLDS not just another acronym!

31 Why is NSLDS important to Students? One Stop Shop for seeing Federal Funds Awarded to the from all Institutions they have attended Shows CURRENT Loan Amounts Shows CURRENT Servicer Shows CURRENT Servicer Contact Information

32 What You See

33 What You See

34 What You See

35 What They See

36 What They See

37 What They See

38 What They See

39 Reminding Them What They Will Institutional Aid NOT See Outside Awards Private Loans

40 Clearing Issues With NSLDS

41 Types of Issues to be resolved. Duplicate Reporting Incorrect Biographical Information Incorrect Birth Date issues from servicer transfers

42 How to contact? NSLDS Customer Support Center: Phone: Toll: Fax: Web:

43 Wrap Up

44 Questions?

45 Thank You for Attending!