| PublicationDate: 7/1/96 Summary: On May 31, June 3,4,5 and 6, 1996 the CPS reprocessed a total of 367,454 records to provide correct NSLDS data that had previously been provided incorrectly on SARs and ISIRs. Author: CPS - Central Processing System (CPS) July 1, 1996 On May 31, June 3,4,5 and 6, 1996 the CPS reprocessed a total of 367,454 records to provide correct NSLDS data that had previously been provided incorrectly on SARs and ISIRs. It was discovered that Direct Loan records to the NSLDS had been duplicated and that the Washington state guarantee agency also provided incorrect data to NSLDS. The corrected updates to the NSLDS database were completed on March 20, 1996. Any application or correction processed after that date was not affected by the incorrect data. To identify the reprocessed SARs and ISIRs, look System Generated Indicator of Z, comment 172 and the above process dates. For ISIRs field #205, Batch Number (position 906-922) is equal to one of the following batch numbers: #Y000000052996705; #Y000000053096705; #Y000000053196705; #Y000000060396705; or #Y000000060496705. IMPORTANT: CPS selected the records to reprocess on approximately May 7, 1996, three weeks prior to the actual reprocessing. During the three weeks students may have made corrections which were not considered in the new transaction generated by the reprocess. In this situation, the transaction with the corrections, complete with valid NSLDS data, is valid and may be used. The subsequent, reprocessed transaction may be ignored. Further, Massachusetts guarantee agency (ACA) has also discovered that incorrect loan data was reported to NSLDS beginning April 1, 1996. The NSLDS data base was updated on June 22, 1996. NSLDS and CPS are working to determine which applicant records were affected by Massachusetts' incorrect loan data between these dates. CPS will reprocess the records providing new SARs to students and ISIRs to schools. We will inform you of the reprocess dates and other developments as that information is available. |