Summary: This letter establishes the deadlines for schools to begin submitting data to the National Student Loan Data System.
Summary: This letter establishes the deadlines for schools to begin
submitting data to the National Student Loan Data System.
The National Student Loan Data System (NSLDS) is the first national
database of loan-level data on aid disbursed under the Title IV aid
programs. The system, which is now operational, contains data on
Federal Family Education Loan Program (FFELP) loans, Federal
Direct Loan Program (FDLP) loans, Perkins Loans, Federal Pell
Grants, and Federal Supplemental Educational Opportunity Grants
(FSEOG). NSLDS is already being used to prescreen new
applications for Title IV aid for eligibility and to calculate FFELP
default rates. By late 1995, NSLDS will also (a) replace the existing
Student Status Confirmation Reporting (SSCR) process for both the
FFELP and FDLP, (b) replace manual Financial Aid Transcripts, and
(c) provide Pre-claims Assistance/Supplemental Pre-claims Assistance
notification to schools in the FFELP.
All schools in the Title IV aid programs are required to participate
with NSLDS. Schools with active Perkins Loans (including National
Direct Student Loans, National Defense Student Loans, and Income
Contingent Loans) are required to begin reporting loan-level data on
these loans no later than August 31, 1995. After your initial
submission of data is complete, you are required to provide updated
data to NSLDS once a month on a schedule that will be established
between your school or servicer and the Department. Detailed
specifications for this reporting requirement were presented in Dear
Colleague letter CB-94-020, which was mailed to the chief business
officer and financial aid director of every affected school in September
We recognize that campuses are faced with a multitude of
requirements at this time. However, for NSLDS to successfully
implement the functions noted above--and others that continue to be
identified--schools must begin reporting Perkins Loan data by the end
of August 1995. By enabling NSLDS to fully implement functions such
as a standardized SSCR and by eliminating the manual Financial Aid
Transcript, we believe thousands of hours can be saved at campuses
across the country. Additionally, NSLDS provides an invaluable tool
for default prevention and reduction.
Your school has already appointed a point of contact and submitted a
data provider setup form to NSLDS, in accordance with the Dear
Colleague letter. We look forward to continuing to work with you to
meet the August 31, 1995 deadline.
If you have any questions, please call the NSLDS Customer Service
Center at 1-800-999-8219 or call Susan Pentecost (Director, NSLDS
Division) at 202-708-8125.
to the Secretary