electronic data exchange standards in ffelp tim cameron project manager, meteor mark putman
DESCRIPTION
Electronic Data Exchange Standards in FFELP Tim Cameron Project Manager, Meteor Mark Putman CTO, NCHELP. Session Agenda. Overview of Current Electronic Standards & some Future State Considerations Meteor Update. Current Student Loan Data Exchange Standards. Originations. CommonLine - PowerPoint PPT PresentationTRANSCRIPT
5th Annual Conferenceon Technology & StandardsApril 28 – 30, 2008Hyatt Regency Washingtonon Capitol Hill
www.PESC.org
Electronic Data Exchange Standards in
FFELPTim Cameron
Project Manager, Meteor
Mark Putman
CTO, NCHELP
5th Annual Conferenceon Technology & Standards
Session Agenda
• Overview of Current Electronic Standards & some Future State Considerations
• Meteor Update
5th Annual Conferenceon Technology & Standards
Current Student Loan Data Exchange Standards
Originations InterimServicing
Repayment Claim Filing Post Default
FFELP School to Originator: CommonLine
Originator/Lender to Guarantor: CAM
Enrollment: NSLDS,
TERPLender to GA
Status: CAM
NSLDS LMGA to ED
Status: NSLDS
Lender to GA: CAMNSLDS LMGA to ED:NSLDS
Lender to GACAM
NSLDS AssignmentNDNH
PrivateEducationLoan
School to originator:
CommonLine
(Proprietary) (Proprietary) (Proprietary) (Proprietary)
5th Annual Conferenceon Technology & Standards
Originations
• CommonLine– History– v.4– v.5– Common Record CommonLine (CRC)
• Common Account Maintenance (CAM)
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Enrollment
• NSLDS Enrollment
• Total Enrollment Reporting Process (TERP)
• Replaced paper (SSCR) processes
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Interim Servicing
• Periodic and Event Driven Reporting– CAM– NSLDS Lender Manifest– NSLDS
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Repayment Servicing
• Periodic and Event Driven Reporting– CAM– NSLDS Lender Manifest– NSLDS
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Claim Filing
• CAM (in support of the Common Claim Initiative)
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Post Default
• NSLDS
• National Database of New Hires (NDNH)
• Assignment– New 11/1/2007 Regulations
effective 7/1/200834 CFR 682.409(c)4(viii)
5th Annual Conferenceon Technology & StandardsApril 28 – 30, 2008Hyatt Regency Washingtonon Capitol Hill
www.PESC.org
METEOR
5th Annual Conferenceon Technology & Standards
The Meteor Project Components
• The Meteor Software
• The Meteor Network
• The Meteor Federation
5th Annual Conferenceon Technology & Standards
In the beginning….
• Pre-Meteor Environment – Lenders, Guarantors, Servicers, Schools and
others all offer independent web services– Access requires multiple logins
• FFELP Providers Solution– Spring 2000: In response to Federal
Modernization Blueprint, NCHELP members move to create an information network to provide aggregated financial aid information.
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In the beginning….
• Foundation Principles• Open Source• Open Collaboration• Freely Available• Controlled Participation Network
• Policy and Technology Decisions
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• Access real-time, student-specific financial aid information from multiple sources with an intuitive user interface and navigation
• Currently provides information on FFELP and alternative loans (capability exists to include Direct Loans & Perkins Loans)
Meteor Features
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Meteor Today
• 14 Points of access to the Network• 20 Data providers• Several customized implementations• Leading the way for transitive trust in
higher education financing
5th Annual Conferenceon Technology & StandardsApril 28 – 30, 2008Hyatt Regency Washingtonon Capitol Hill
www.PESC.org
Participant Types & Meteor Process Flow
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Meteor Participants
• Organizations that implement the Meteor software– Access Providers (AP)– Authentication Agents (AA)– Data Providers (DP)– Index Providers (IP)
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The NSC as the Meteor Index Provider
• 100% (over 25 million) of FFELP guarantee volume
• 100% (over 6.5 million) of Direct Loan Program accounts
• Over 19.2 million FFELP servicer accounts• Over 2.9 million Perkins/Private/Alternative
Loan servicer accounts
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The Meteor Process
One
Two
Access Provider
Data Providers
Student/Borrower or
Financial Aid Professional
orAccess Provider Representative
orLender Three
Index Provider
UsersAuthentication (by AP or AA)
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AESwww.aesSuccess.org
Montana Guaranteed Student Loan Programwww.mgslp.state.mt.us
CSLFwww.cslf.org/enroute
National Student Clearinghousewww.nationalstuedntclearinghouse.org
Florida OSFAwww.fldoe.org
NELAwww.educationassistance.net
Great Lakes www.mygreatlakes.com
New Hampshirewww.nhheaf.org
Illinois Student Assistancewww.collegezone.com
Rhode Islandwww.riheaa.org
Kentucky www.kheaa.org
Sallie Maewww.salliemae.com/school/index.html
Mapping Your Futurewww.mapping-your-future.org
United Student Aid Fundshttp://portal.usafunds.org
Meteor Access Providers
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AES/PHEAA Montana Guaranteed Student Loan Program
Connecticut Student Loan Foundation National Student Loan Program
Education Assistance Corporation NELA
Finance Authority of Maine New Hampshire Higher Education Assistance Foundation
Florida Office of Financial Assistance—OSFA New York State Higher Education Services Corporation
Georgia Higher Education Assistance Corp. Oklahoma State Regents for Higher Education
Great Lakes Educational Loan Services, Inc Rhode Island Higher Education Assistance Authority
Kentucky Higher Education Assistance Authority
Sallie Mae
Louisiana Office of Student Financial Assistance
Student Loan Guarantee Foundation of Arkansas
Michigan Higher Education Assistance Authority Student Loans of North Dakota
USA Funds
Meteor Real Time Data Providers
5th Annual Conferenceon Technology & StandardsApril 28 – 30, 2008Hyatt Regency Washingtonon Capitol Hill
www.PESC.org
Meteor Authentication Objectives & Process
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• Provide a flexible, easy to implement authentication system that meets the needs of the provider organizations and their customers.
• Ensure compliance with the Gramm-Leach-Bliley Act (GLBA), federal guidelines, and applicable state privacy laws.
Meteor’s Authentication Objectives
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• Assure data owners that only appropriately authenticated end users have access to data.
• Ensure compliance to participant organizations internal security and privacy guidelines.
Meteor’s Authentication Objectives
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• Each participant is required to register, sign a participation agreement, and submit policies and procedures surrounding their authentication process.
• The Meteor Team Leads review the policies and procedures and assign a Level of Assurance
• Meteor uses a centralized LDAP server to contain:
• Public keys of all participants
• Network status information (active, pending, suspended)
• Contact Information
The Meteor Registry
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• Access provider must ensure appropriate authentication for each end user and provide traceability back to that user
• Access provider must provide central authority with 30 day advance notice of changes to authentication policy
• Access provider must agree to appropriate use of data
Meteor’s Authentication Requirements
5th Annual Conferenceon Technology & StandardsApril 28 – 30, 2008Hyatt Regency Washingtonon Capitol Hill
www.PESC.org
Campus Based Authentication
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The National Student Clearinghouse School Based Authentication
– Schools that have entered into an electronic services agreement with the NSC will act as Authentication Agents.
– NSC will review the school’s authentication policies & procedures
– Students campus issued credentials will be utilized to access Meteor and other NSC services
5th Annual Conferenceon Technology & StandardsApril 28 – 30, 2008Hyatt Regency Washingtonon Capitol Hill
www.PESC.org
Meteor v3.3 & Software Customization
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Highlights of Version 3.3
• New security features
• Usability and other navigation improvements
• Restores NSC LoanLocator services for borrowers
5th Annual Conferenceon Technology & Standards
5th Annual Conferenceon Technology & StandardsApril 28 – 30, 2008Hyatt Regency Washingtonon Capitol Hill
www.PESC.org
Meteor Customization
5th Annual Conferenceon Technology & Standards
Meteor Customization
• Style sheet changes
• Integration of data into other online services
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Meteor network data is
presented in NELA
branded style sheets
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Mapping Your Future’s Online Student Loan Counseling
• Integration of real-time data
• Advice on borrowing conservatively and maintaining debt
• Debt/salary wizard
• Optional budget calculator
• School customization options
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USA Funds Exit Counseling
• Using the XML data provided in a Meteor inquiry response, USA Funds populates their exit counseling loan screens with real-time data from the Meteor Network
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Other Customization Options
• How Could You Use Meteor Data?– Integration into Debt Management Solutions– Integration into CSR/Call Center Solutions
• What’s the Catch?– Need prior approval from M.A.T.– Need to implement Meteor Access Provider
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Online Award Letter Pilot
• Will serve as a debt management tool – Borrowing history presented BEFORE a new award is
accepted
• Ensures that borrower is aware of the potential impact of increasing his aggregate loan(s) amount– Total current outstanding– New total outstanding with the addition of the new loan– Repayment scenarios based on aggregates
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For More Information….
• www.MeteorNetwork.org – Audio presentation– Interactive demonstration version of the
software– Link to the Meteor project site
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Thank You!
Tim Cameron
Project Manager, Meteor• (954) 565-7229
Mark Putman
CTO, NCHELP• (913) 724-6655