Kim Wells| Feb. 2015 U.S. Department of Education 2015 OASFAA Conference
Don’t Let NSLDS Boggle You!
Agenda
•Tools•Aggregate Review •Reports •Recent Changes
•150% Direct Subsidized Loan Limit •NSLDS Professional Access Website Changes •Reports
•NSLDS Student Access Website •Future Enhancements
•Student Eligibility
•Unusual Enrollment
•Person Authentication Service (PAS) •Enrollment Reporting 2
•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
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
Aggregate Review Tools
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Aggregate Review Tools
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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
Aggregate Review Tools
Click the Link
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Aggregate Example Click Result
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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
NSLDS
Reports
List
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Report List
NSLDS Reports - Web Report List
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Web List as displayed shows Security Reports available for PDPA
NSLDS Web Report List
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
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NSLDS
Scheduled
Reports
14Recent NSLDS Changes
150% Direct Subsidized Loan Limit
150% Direct Subsidized Loan Limit
16 CPS • Inform school of first-time borrower and progress toward limit • Inform studentthat 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
150% Direct Subsidized Loan Limit
Basic Formula
Maximum Eligibility Period (MEP) Total Subsidized Usage Period (SUP) Remaining Eligibility Period (REP) 17• 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
150% Direct Subsidized Loan Limit
•
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
150% Direct Subsidized Loan Limit
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150% Direct Subsidized Loan Limit
Maximum Eligibility Period
Program Length Maximum Eligibility Period 5-Year Bachelor’s Degree 7.50 Years 4-Year Bachelor’s Degree 6.00 Years 2-Year Associate’s Degree 3.00 Years 2-Year Certificate 3.00 Years 1-Year Certificate 1.50 Years 18-Week Certificate 27 Weeks 10-Week Certificate 15 Weeks 20 • 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
150% Direct Subsidized Loan Limit
Subsidized Usage Period
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• 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
150% Direct Subsidized Loan Limit
Remaining Eligibility Period
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• 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 program-level enrollment status
150% Direct Subsidized Loan Limit
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)
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REP <= 0 completion No Enrollment New Subsidy* Loss of
• 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
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150% Direct Subsidized Loan Limit
Loss of Subsidy
• Field has been added to Loan Summary for D0 and D9 loans to display status of interest subsidy
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Recent NSLDS Changes
NSLDS Professional Access Website Changes
Recent Web Changes
Loan Detail Page
•
Loan Detail
page now
displays
•Loan Last Updated date
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 28Recent 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 29Recent 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, 2014
Recent Changes
Forgiveness Types
31 32Recent NSLDS Changes
Reports
Recent Report Changes
Recent Report Changes
New data in existing reports
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•
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
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 2013
•http://ifap.ed.gov/ifap/byNSLDSType.jsp?type=NSLDS 35 36•
Report tab,
Report list,
Select SCHSB1
New Report
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
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Recent NSLDS Changes
NSLDS Student Access Website
NSLDS Student Access Website
Updates
•
Website includes student’s
•
E-mail addresses
•
Phone numbers
NSLDS Student Access Website
Address
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NSLDS Student Access Website
Enrollment
41NSLDS Student
Access Website
Updates (Cont.)
42 • NSLDS SA website hasbeen 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
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Upcoming NSLDS Changes
What’s New with Student Eligibility
2015-16
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•
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
New TSM/FAH Guide includes batch file layouts!
What’s New with Student Eligibility
2015-16
•Starting in 2015-16, both grants and loans will be considered in determining unusual enrollment patterns •Lookback period to include previous four years (2011-12,
2012-13, 2013-14 and 2014-14) •UEH Codes and values remain same
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:
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Upcoming
Reaffirmation
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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 No Postscreening Borrower Not Over or Close-To Limit 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.
Enrollment Reporting
•Enrollment Reporting Topics
•
Why Enrollment Reporting is important
•
Timely and accurate Enrollment Reporting
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Uses of Enrollment Reporting data
•College Scorecard and Shopping Sheet •Academic Success and Outcomes
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
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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
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NSLDS will be working with Program
Compliance to develop metrics and thresholds
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Scorecard and Shopping Sheet
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Two notable consumer products using NSLDS
data
•College Scorecard
•Helps empower students and families with more transparent information
•Financial Aid Shopping Sheet
Academic Success and Outcomes
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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
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Academic Success and Outcomes
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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
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In 2015, NSLDS will be providing all schools the
opportunity to update individual student’s
completion/graduation data
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QUESTIONS?
Contact Information
•
Contact me with follow-up questions about this
session:
Kim Wells, Training Officer
[email protected]
206.615.2174
•
Contact the following Supervisor to provide
feedback about this training:
Annmarie Weisman
[email protected]
215-656-6456
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Department of Education Contacts
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Research and Customer Care Center
800.433.7327Reach FSA
855.FSA.4FAA -- 1 number to reach 10 contact centers!
eZ-Audit Campus Based Call Center COD School Eligibility Service Group CPS/SAIG Foreign Schools Participation Division NSLDS Research and Customer Care Center G5 Nelnet Total & Permanent Disability Team
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