NSLDSBasicsForSchool..

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NSLDS BASICS
for
Schools
EASFAA
May 2010
Allene Begley Curto
Springfield College
School of Human Services
THE BASICS OF NSLDS
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What do we see on NSLDS?
How is data sent and received?
Loans
Grants
Enrollment
Transfer Monitoring
NSLDS Exit Counseling
THE BASICS OF NSLDS
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Loans
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Aggregate limits
Annual Limits
Loan Periods
Pending Disbursements
Grants
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Pell
ACG/Smart
Iraq/Afghanistan Service Grant?
THE BASICS OF NSLDS
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Enrollment
Reporting
 Enrolled at other school
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Transfer Monitoring
Adding records
 Reviewing Records
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NSLDS Exit Counseling
Data Sources
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Schools
US Department of Education
Guarantee Agencies
Lenders
Loan Servicers
Student Loan Clearinghouse
NSLDS Logon
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
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Loans at another
school during the
same award year
Overlapping loan
periods
Concurrent
enrollment
What Loans Count in Annual Limit
at My School?
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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.
Annual Limits and Issues NOT on
NSLDS
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Cost of Attendance
Changes in grade level
Parent denied PLUS
Loan Proration
Perkins Limits
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Annual Limits $4000 UG/ $6000 GR
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 2nd bachelor’s
$40000 if student is Graduate/Professional
(includes UG Perkins amounts)
Aggregate Limits –
Not So Simple Either
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Consolidation Loans
Increased eligibility
Health professions
Increased eligibility for
Dependents when parent
is denied PLUS
Dependency changes
Effect of exceeding
undergraduate limits on
Graduate eligibility
Aggregate OBP
Consolidation Loans and Stafford
Aggregate Limits
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Only count Stafford Loans
Only count amounts disbursed less any
cancellations/refunds
Subtotal Subsidized and Unsubsidized
separately for Subsidized and Combined
Limits
Aggregate Limits –
Be Wise!
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Know what counts
toward aggregate limits
in a consolidation loan
Check the full and
complete record in
NSLDS when
documenting!
Ensure limits are
routinely and
consistently checked
when awarding
Aggregate Limits Document! Document! Document!
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Document when limit has
been “extended” by
unsubsidized to replace
PLUS denial
Document when a
Consolidation loan clears
“inadvertent
overborrowing”
Document that you have
reviewed all CPS
postscreening ISIRS
Document that you have
reviewed all Transfer
Monitoring Alerts
GRANTS
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Pell
Two Pells in a Year
ACG/SMART
New Grants as they are born!
Enrollment Reporting
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Who Reports?
Institution - Registrar?
 Clearinghouse?
 Other?
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When is it Reported?
Institution - Schedule
 NSLDS updated
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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!
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Monitor the Pell and
loan amounts
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
NSLDS Exit Counseling
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NSLDS Newsletter # 26
Official/Current Record of ALL Federal loans
Introduces student to the NSLDS site
Repayment Calculators
Links to loan Holders (where available)
School can get Reports
Automatic Compliance Updates
NSLDS Postscreenings
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Aggregate Limits
Overpayments
Defaults
Discharges
Bankruptcies
NSLDS Postscreenings
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Review all CPS generated ISIRs
Review NSLDS record on postcreenings
with a “negative” message
Resolve the issue(s)!
Default(s) added/cleared
Satisfactory repayment added/removed
Exceeded subsidized or combined
aggregate/No longer exceeding
Sanity Savers
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Check limits before
awarding
Monitor NSLDS
postscreenings immediately!
Review NSLDS Transfer
Monitoring Alerts weekly
Resolve! when annual or
aggregate exceeds limits
Document! Loans that are
within limits but appear to
exceed limits
Keys to Success!
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Review of NSLDS data
on ISIR
NSLDS postscreening
NSLDS transfer
monitoring
NSLDS Newsletters
FSA Handbook
Use your FAMS
Monitor, monitor,
monitor
Document, document,
document
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