Publication Date: July 16, 2001
Author: NSLDS | National Student Loan Data System
Summary: Change in Monitoring Period for the NSLDS Student Transfer Monitoring Process
Posted on July 16, 2001
TO: Financial Aid Community
FROM: NSLDS | National Student Loan Data System
SUBJECT: Change in Monitoring Period for the NSLDS Student Transfer Monitoring Process
This announcement makes a change in the "monitoring period" described on page 6 of the attachment to Dear Partner Letter GEN-01-09. Under the heading Step 2: Monitor, the letter states:
"When a school informs NSLDS of a mid-year transfer student, the student is added to the school's "monitoring list" in NSLDS. NSLDS begins to monitor the student on the Monitor Begin Date and continues to monitor the student for 180 days after the student's Enrollment Begin Date. At the end of the monitoring period, NSLDS will automatically remove the student from the monitoring list."
During the monitoring period, NSLDS alerts a school of relevant changes in a transfer student's financial aid history so the school can make any necessary adjustments to the student's Title IV awards.
Based on further review and comments from the community regarding the length of the monitoring period, we are reducing the monitoring period from 180 days to 90 days after the student's Enrollment Begin Date. We now believe that changes in a transfer student's financial aid history, which trigger an alert, will most likely occur within the first 90 days of the student's enrollment at the new school. However, we will continue to review data compiled by NSLDS in determining whether an future changes should be made.
If you have any questions, please contact NSLDS Customer Service at 1-800-999-8219 or via email at NSLDSCOE@Raytheon.com.