valerie sherrer and eric hardy | dec. 2014 u.s. department of education 2014 fsa training conference...

Valerie Sherrer and Eric Hardy | Dec. 2014

U.S. Department of Education

2014 FSA Training Conference for Financial Aid Professionals

NSLDS® UPDATE

Session #22

Agenda• Recent Changes:

• School Location > 99• 150% Direct Subsidized Loan Limit• NSLDS Professional Access Website Changes• Reports• NSLDS Student Access Website• Year-End Acknowledgement

• Future Enhancements:• Student Eligibility• Unusual Enrollment• Person Authentication Service (PAS)

• Enrollment Reporting• Gainful Employment

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Recent NSLDS ChangesSchool Location > 99

Recent ChangesSchool Location > 99

• Office of Postsecondary Education Identifier (OPEID)• 6-digit school code AND 2-digit school location code

• NSLDS accepts and processes data for schools with more than 99 locations

• With over 99 locations, the first digit of the OPEID is incremented to 1 or greater

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Recent ChangesSchool Location > 99• The enhancement is to accommodate schools with over

99 locations• NSLDS will be able to receive and process OPEIDs

where the first digit is 1-9

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Recent ChangesSchool Location > 99• All users enter the 8-digit school code to retrieve data for

a specific branch or leave the asterisk (*) to indicate all locations

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Recent NSLDS Changes150% Direct Subsidized Loan Limit

150% Direct Subsidized Loan Limit

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150% Direct Subsidized Loan LimitBasic Formula

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• 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

• A link to the Subsidized Usage Page has been added under the Enrollment Summary page

• The Subsidized Usage Page displays information about a student’s: • Maximum Eligibility Period

• Subsidized Usage Period• Sum SUP

• Loan-Level SUP

• Program-level Enrollment

• Remaining Eligibility Period

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150% Direct Subsidized Loan Limit

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150% Direct Subsidized Loan LimitMaximum 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

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• NSLDS calculates the MEP from the Program-Level Enrollment Reporting elements provided by Schools

• NSLDS displays the MEP on the Subsidized Usage Page

• NSLDS includes the MEP in TSM, FAH, and Subsidized Usage Report

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150% Direct Subsidized Loan LimitSubsidized Usage Period

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• Subsidized Usage Period (SUP) – Calculated by COD and sent to NSLDS• COD calculates the Subsidized Usage Period (SUP) for each loan and

sends to NSLDS• NSLDS displays the SUP on the NSLDS websites• NSLDS includes the SUP in TSM, FAH, and select NSLDS Reports

150% Direct Subsidized Loan LimitRemaining 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 LimitLoss 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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*Subsidy loss is effective on the date of the triggering enrollment.

• The NSLDS FAP now displays the 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

• A field has been added to Loan Summary for (D0) and (D9) loans to display the status of the interest subsidy:

150% Direct Subsidized Loan Limit

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General Session #4 Overview of 150% Direct Subsidized Loan Limits

Breakout Session #27 150% - A Life Cycle View

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Recent NSLDS ChangesNSLDS Professional Access Websites Changes

Recent Web ChangesLoan Detail Page

• The Loan Detail page now displays:• Loan Last

Updated date • Academic Year

Begin Date • Academic Year

End Date

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Recent Web Changes Loan Detail Page (Cont.)

• The Loan Detail page now displays:• Posted Date of

Forgiveness • Posted Date of

Discharge • Current and

historical forbearance detail

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Recent ChangesRepayment Plan Types

• New Repayment Plan Types• I3 – Income-Based

Repayment 2014 (with Partial Financial Hardship)

• I4 – Income-Based Repayment 2014 (without Partial Financial Hardship

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Recent ChangesForgiveness 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

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Recent ChangesForgiveness Types

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Recent NSLDS ChangesReports

Recent Report ChangesNew data in existing Reports

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Recent Report ChangesNew 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 ChangesNew 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

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• Report tab, Report list, Select SCHSB1

New ReportSubsidized Usage Report

New Report

New ReportSubsidized Usage Report (SCHSB1)

• The Subsidized Usage Report (SCHSB1) includes:• Lists student borrowers who have Direct Stafford Subsidized

(SULA Eligible) (D0) loans, currently in attendance at the location of the user requesting the report

• Borrower’s total subsidized usage• Borrower’s loan-level subsidized usage• Borrower’s program enrollment information

• Message Class:• SUBRPTOP

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New Report

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Recent NSLDS ChangesNSLDS Student Access Website

NSLDS Student Access WebsiteUpdates:

• The website includes student’s: • E-mail addresses

• Phone numbers

• Students can update their phone number and e-mail address

• Students can report what school they are attending

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NSLDS Student Access Website Address

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NSLDS Student Access WebsiteEnrollment

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NSLDS Student Access WebsiteUpdates (Cont.)

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• The NSLDS SA website has been updated to display a student’s:

•Maximum Eligibility Period (MEP)•Subsidized Usage Period (SUP)•Remaining Eligibility Period (REP)•Loss of Subsidy information •Program-level enrollment data

Year-End Acknowledgement

• PDPAs must confirm active SAIG mailboxes annually or all users in their organization risk losing access

• Access to these accounts will be removed if not validated within specified period• Affects access to NSLDS & Title IV aid reporting:

• All Online capabilities• NSLDS Batch Services• Enrollment Reporting• Perkins Reporting• TSM/FAH Reporting• eCDRs

• Deadline to validate is DECEMBER 12, 2014

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Upcoming NSLDS Changes

What’s new with Student Eligibility2015-16

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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 Eligibility2015-16

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• Starting in 2015-16, both grants and loans will be considered in determining unusual enrollment patterns

• Students received aid funding over the past four years (2011-12, 2012-13, 2013-14 and 2014-14)

• UEH Codes and values remain the same• 2 = Unusual enrollment history 2• 3 = Unusual enrollment history 3• N = No problem• Blank = Not sent for match

• Guidance about how to resolve the C Flag for applicants who are selected will remain the same

UpcomingReaffirmation•In 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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UpcomingReaffirmation

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Condition Before Reaffirmation Received

Condition After Reaffirmation Received

Borrower Over Aggregate Limit NSLDS Postscreening Reason Code = 11 or 12NSLDS Loan Limit Flag(s) = R

Borrower Close-To Aggregate Limit No Postscreening

Borrower Not Over or Close-To Limit No Postscreening

If the Aggregate OPB increases by more than $25 after the reaffirmation data is received, NSLDS will re-evaluate that borrower for Postscreening based on the

borrower’s Aggregate OPB.

The informational icon will continue to display regardless of the borrower’s eligibility.

UpcomingFSA User ID for Student Access Website

• The FSA ID • Requires users to enter less information (2 fields instead of 4)• Provides more secure access to user’s information• Links to PIN information during registration • Offers self – service capability (name change)

• The FSA ID (username and password) will replace PIN for students, parents, and borrowers accessing FSA systems starting in the spring of 2015

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• What happens for new users?• Registration requests the same required information as PIN • New users will be directed to the registration page to create an FSA

ID (username and password) similar to today’s PIN creation page

• What happens if a user has a PIN already?• During account creation, the user will be asked for their PIN• As long as the PIN information matches their other information, the

account will be linked to the FSA ID account

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UpcomingFSA User ID for Student Access Website

Enrollment Reporting

• Enrollment Reporting Topics

• Enrollment Reporting Help• Why Enrollment Reporting is Important• Timely and Accurate Enrollment Reporting• Uses of Enrollment Reporting Data

• College Scorecard and Shopping Sheet• Academic Success and Outcomes

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Enrollment Reporting

• NSLDS is providing second session that discusses the changes made to the Enrollment Reporting process and mechanics

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Breakout Session #23 NSLDS® 2014 Enrollment Reporting

Enrollment Reporting is Important

• Each school’s participation in the Enrollment Reporting process is critical to the proper assessment of interest subsidy.• Federal Loan Servicers and Lenders use NSLDS-sourced Enrollment data

to end in-school deferment and to start borrower’s grace periods on the proper date

• Borrower completion (graduation) received by NSLDS ensures that none of that borrower’s loans have the possibility of losing interest subsidy due to future enrollment under the 150% rules

• Under 150%, when borrower exceed 150% of their MEP, Enrollment Reporting ensures that the borrower’s interest subsidy is concluded on the proper effective date

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Timely and Accurate Reporting

• During 2015, NSLDS will be monitoring the 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

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NSLDS Turns 20 Years Old!• In 2014, NSLDS celebrated 20-years as an essential tool

for FAAs!

• NSLDS has valuable information that can be shared with the public at-large and specifically to consumers

• 20-years of data on:• Where students are attending• Student enrollment patterns• Student repayment behaviors• Student and parent loan total indebtedness

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Scorecard and Shopping Sheet

• Two notable consumer products using NSLDS data:

• The Administration launched the College Scorecard to help empower students and families with more transparent information about college costs and outcomes

• The Financial Aid Shopping Sheet provides individuals with critical information about their financial decision to attend college in a clear, concise, and standardized format that facilitates easy comparisons across institutions

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Academic Success and Outcomes

• Currently, the Department uses information from IPEDS to respond to information requests about borrower academic success (graduation, completion, etc.)

• The current Administration and Congress wants more insight into the academic success specific to individual Title IV Recipients. NSLDS is the only source that links individual enrollment statuses to individual persons

• Recently, The Consolidated Appropriations Act of 2014, directed the U. S. Department of Education to report information on Pell Grant recipients’ academic success (graduation) to Congress

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Academic Success and Outcomes

• Enrollment Reporting focus will now shift to include academic success of loan and grant recipients

• New College Ratings on the 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

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Gainful Employment

• Final Gainful Employment (GE) Rule published on October 31, 2014

• Gainful Employment Reporting Timeline

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Early 2015 GE Reporting to NSLDS will begin

July 2015 Schools must have reported all Title IV recipients for all 2008-09 through 2013-14

October 2015 Schools must report all Title IV recipients for the Award Year 2014-15

Gainful Employment

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Gainful Employment

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Gainful Employment

• For more information about Gainful Employment,

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Breakout Session #30 Gainful Employment Disclosures

Breakout Session #58 Gainful Employment Reporting to NSLDS®

QUESTIONS?

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NSLDS Contact Information

Customer Support Center:• Phone: 1-800-999-8219• Toll: 785-838-2141 • Fax: 785-838-2154• Web: www.nsldsfap.ed.gov • E-mail: nslds@ed.gov

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