1. Eric Hardy and Bessie Sipple-Asher | Dec. 2015 U.S. Department of Education 2015 FSA Training Conference for Financial Aid Professionals NSLDS UPDATE 2015 Session 9

2. Agenda What is in NSLDS? Changes Made in 2015 NSLDS Planned Enhancements 2

3. What is in NSLDS for Schools? NSLDS Federal Loan Servicers Guaranty Agencies Perkins Schools and Servicers DMCS and TPD Enrollment Reporting Central Processing System Common Origination and Disbursement SL.gov Overpayments Gainful Employment FSA Web EnrolleCAR 3

4. Frequency of Reporting 4 Data ProviderFrequency COD and SL.govDaily CPSDaily FSA Web EnrollDaily Federal Loan ServicersWeekly DMCS and TPDWeekly Guaranty AgenciesWeekly, Bi-Weekly or Monthly Perkins Schools and School ServicersMonthly School EnrollmentMonthly or Every 60 Days Gainful EmploymentAnnually

5. Timeliness of Reporting 5 Borrowers*Loans*% Loans Updated in Last 30 Days* Total on NSLDS Federal (TIVAS and NFPs) Commercial (GAs) Campus-Based * As of XXXX-XX-XX

6. NSLDS Changes Made in 2015 6

7. NSLDS Changes 2015 Reaffirmation Reporting Enrollment Reporting Statistics Loss of Subsidy New Reports/Templates ( Perkins, Enrollment, Exit Counseling) Software Upgrades and Import Tools Public Service Loan Forgiveness FSA User ID GE Program Tracker and Completers List 7

8. Reaffirmation Reaffirmation is the process by which a student who inadvertently over- borrows may regain eligibility for Title IV aid by making satisfactory repayment arrangements in writing with their loan holder. Processing Reaffirmations: Before: School  Student  Loan Holder  Student  School After: School  Student  Loan Holder  NSLDS April 2015: NSLDS began collecting Reaffirmation data. 8 Total Reaffirmed Borrowers on NSLDS* Total Reaffirmed Loans on NSLDS* X,xxx *As of dd/mm/ccyy

9. Reaffirmation NSLDS alerts users to the presence of reaffirmation data with the use of icons The “Reaffirmation(s)” informational icon displays for a borrower when an active reaffirmation is reported on one or more loans 9

10. Reaffirmation An “R” reaffirmation icon displays next to the Loan Detail button on the Loan History page for a reaffirmed loan Clicking on the “R” icon takes the user to the Reaffirmation History page for the corresponding loan 10

11. Reaffirmation Reaffirmation records display in descending order by Reaffirmation Begin Date Newsletter #48 details how to use Reaffirmation data on NSLDS Professional Access along with Prescreening and Postscreening codes 11

12. Enrollment Reporting Statistics In March 2015, FSA began an outreach campaign (e-mails and phone calls) to schools that had not yet reported Program-level Enrollment In July 2015, NSLDS released the Enrollment Reporting Statistics web page Available to all school-users associated to that school Generated on the third Wednesday of each month Designed to emphasize the “completeness” of reporting not just the timeliness 12

13. Enrollment Reporting Statistics 13

14. Enrollment Reporting Statistics Start DateBeginning of the evaluation period Evaluation DateEnd of the evaluation period and date the evaluation is performed Students in PortfolioNumber of students on the school’s roster as of the start date Students Certified Number of students on a roster as of the start date which were certified at least once on or before the evaluation date Students Certified with Program Enrollment Number of students on a roster as of the start date that was certified with a program at least once on or before the evaluation date Percent CertifiedStudents Certified divided by Students in Portfolio Percent Certified with Program EnrollmentStudents Certified with Program Enrollment divided by Students in Portfolio 14

15. Enrollment Reporting Statistics Start DateBeginning of the evaluation period Evaluation DateEnd of the evaluation period and date the evaluation is performed Roster Records Returned Total number of records the school submitted between the Start Date and Evaluation Date Roster Records in Error Returned Total number of records returned to the school for an error between the Start Date and Evaluation Date Roster Error PercentRoster Record in Error Returned divided by Roster Record Returned 15

16. Enrollment Reporting Statistics 16 Warning icons will display under the following conditions: The school location has, as of the most recent calculation, failed to achieve the minimum threshold for certifying students in its portfolio The school location is currently late in responding to a roster sent by NSLDS. A late letter has been sent and no roster has been received after the late letter was sent The school location has failed to achieve the minimum threshold for certification and is currently late responding to a roster

17. Enrollment Statistics Report 17 The Enrollment Statistics Report (ENLST1) includes information about completeness and quality of the enrollment reporting provided by schools participating in federal student aid.

18. Loss of Interest Subsidy (150%) Lost eligibility due to 150% limit Did not complete program Enrolls in program of equal or shorter length Subsidy loss LOS is based on Enrollment Reporting by schools to NSLDS. 18

19. Loss of Interest Subsidy (150%) 19 In July 2015, NSLDS implemented functionality to identify borrowers who lost eligibility for interest subsidy on their Direct Subsidized Loans Inquiries should be submitted online via COD Total Number of Loans that have Lost Interest Subsidy Total Number of Borrowers that have Lost Interest Subsidy Total Number of Schools that have a loan that has Lost Interest Subsidy * As of XXXX-XX-XX

20. Perkins Reconciliation Report Released in July 2015 Perkins Reconciliation Report (REC005) Provides school users with an extract file containing information on campus-based loans they currently service Ad-Hoc Report – one time report delivered to the SAIG mailbox (TG Number) associated with the User ID requesting this report Scheduled Report – automatically distributed on a monthly basis to a designated SAIG mailbox Message Class: SCHRECOP 20

21. Exit Counseling Spreadsheet Update In October 2015, the Exit Counseling Spreadsheet submittal template was updated to accept both.xls or.xlsx formats Allows users to upload and submit to 2,500 records/rows of data at a time, with a maximum file size of 1,000 KB With the new template the NSLDSFAP website allows users to validate data within their Exit Counseling Spreadsheet before submitting to NSLDS The submittal template is available on http://www.fsadownload.ed.govhttp://www.fsadownload.ed.gov 21

22. Public Service Loan Forgiveness 22 NSLDS began displaying the cumulative number of matched months in October 2015 The PSLF Servicer will begin updating this value weekly in December 2015

23. LRDR and SPR Import Tools 23 NSLDS released an import tool that allows schools to easily import a fixed- width version of reports into Microsoft Excel. March 2015—Loan Record Detail Report (LRDR) http://ifap.ed.gov/eannouncements/031115LoanRecordDetailReportLRDRImportTool. html http://ifap.ed.gov/eannouncements/031115LoanRecordDetailReportLRDRImportTool. html June 2015—School Portfolio Report (SCHPR1) http://ifap.ed.gov/eannouncements/062215SchoolPortfolioReportImportTool.html

24. FSA User ID In May 2015, a Username and Password replaced the Personal Identification Number (PIN) for students, parents, and borrowers to log into NSLDS. 24

25. GE Program Tracking In July 2015, NSLDS released the GE Program Tracking List Displays a unique list of GE programs and their sources, for an institution Institutions are required to update the program status 25

26. GE Program Tracking 26 NSLDS also released a companion report to GE Program Tracking functionality

27. GE Completers List In November 2015, NSLDS released the GE Completer’s List Contains students who have completed a GE program Draft and Final GE Completers List: Students and GE Programs as reported to NSLDS by a school Final GE Completers List: Updates made by ED based on a school’s approved challenge 27

28. GE Completers List GE Completers List (GEPDC1) Contains students who have completed a GE program 28

29. NSLDS Planned Enhancements 29

30. 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 11, 2015 30

31. Student Eligibility 2016-17 ISIR and SAR No new fields No new codes added to existing fields Transfer Student Monitoring/Financial Aid History Updated guide published on XXXXXXXXXXXXXXXXXXXX Added Reaffirmation Codes 31

32. Unusual Enrollment History (UEH) Updating the logic used to flag students with Unusual Enrollment History Adding logic to account for students that move from undergraduate studies to graduate studies Better account for schools that merge from one school code to a new school code Applicable for 2015-16 and 2016-17 in January 2017 No new codes or fields added to the ISIR 32

33. Website Enhancements 33 In December 2015, NSLDS will make several enhancements to the Loan information displayed on NSLDSFAP Changes are applicable to federally-serviced loans only Changes will be phased in starting in December 2015 through January 2016

34. Website Enhancements 34 Last Payment Date will be replaced with Next Payment Due Date in the Details for Loan block

35. Website Enhancements Repayment Plan will include: Disclosure Date – date which the servicer distributed the disclosure of repayment terms to the borrower for the loan 1 st Payment Due Date – first payment due following the disclosure date IDR Plan Anniv. Date – date a borrower will be reevaluated for IDR based on the date when the borrower entered the current IDR plan 35

36. Website Enhancements NSLDS will begin to collect and display summarized payment data 36

37. Website Enhancements Discharge Partial/Full Indicator – indicates if the discharge record reported is a partial or a full discharge of the loan Forgiveness Partial/Full Indicator – indicates if the forgiveness record reported is a partial or a full discharge of the loan 37

38. New Income-Driven Repayment Plan Revised Pay As You Earn (REPAYE) – Available to Direct Loan borrowers Excludes Parent PLUS and consolidation loans containing a Parent PLUS loan Payment based on 10% of discretionary income Forgiveness: 20 Years - Borrowers with undergraduate loans only 25 Years - Borrowers with undergraduate and graduate loans or just graduate loans 38

39. NSLDSFAP Website Enhancements Repayment Plan Types: I5 - Borrowers in REPAYE J5 - Borrowers that have been removed from REPAYE and currently under a Post-REPAYE- Alternative-Fixed repayment plan 39

40. NSLDSFAP Website Enhancements Forgiveness Types : R8 - Borrowers eligible for forgiveness under REPAYE for undergrad loans after 20 years R9 - Borrowers eligible for forgiveness under REPAYE for undergrad and graduate loans, or just graduate loans after 25 years 40

41. Borrower Defense Borrowers may be eligible for a Direct Loan discharge if a school commits fraud or violates state law related to their loans or the educational service paid for New discharge types coming soon 41

42. Student Access (SA) Enhancements 42 Fields to be added to Student Access: IDR Plan Anniversary Date Most Recent Payment Effective Date Cumulative Payment Amount Current Repayment Plan PSLF Cumulative Matched Months

43. Enrollment Reporting Monitoring Enrollment Reporting Statistics Focus on roster completion, specifically Percent Certified with Program Enrollment Statistics are updated the 3 rd Wednesday of each month Available to all school users Compliance Letters Escalating letters will be sent for non-compliant schools as early as January 2016 Schools who do not improve their performance will be referred to FSA Program Compliance for action 43

44. Enrollment Reporting Monitoring Enrollment Reporting Statistics Focus on roster completion, specifically Percent Certified with Program Enrollment Statistics are updated the 3 rd Wednesday of each month Available to all school users 44

45. Enrollment Reporting Monitoring Compliance Letters Escalating letters will be sent for non-compliant schools as early as January 2016 Schools who fall below 90% of the portfolio certified with a program will be notified for non-compliance The 90% threshold is considered minimal and may be increased in the future Letters will be distributed to the President and Financial Aid Director Schools who do not improve their performance will be referred to FSA Program Compliance for action after receiving two notifications 45

46. Enrollment Reporting Monitoring Number of Schools with a Portfolio of Students Total Number of Students Total Number of Students Certified Total Number of Students Certified with a Program % Certified with a Program Number of Schools < 90% Certified with a Program July 2015 August 2015 September 2015 October 2015 November 2015 46 NSLDS strongly encourages schools to review their enrollment statistics prior to January 2016

47. Enrollment Submittal File Tracking NSLDS will be releasing the Enrollment Submittal File Tracking page in Spring 2016 to help schools track their Enrollment Files Will include inbound Enrollment Files and outbound Roster Files 47

48. Program-Level Enrollment History Today, schools can only see the most recent status for each program reported for a student 48

49. Program-Level Enrollment History In Spring 2016, NSLDS will create the ability for schools to view all program history reported for a student 49

50. Program-Level Enrollment History Schools will be able to drill down to individual school certifications for each student 50

51. Enrollment Updates Mass Push to Roster Online users will be able to push all students with previous participation on the enrollment roster to the most current roster for a school location. This functionality will assist schools in correcting erroneously reported data to NSLDS Late Enrollment Certifications Report The new Urgent/Late Ad-Hoc Report will assist schools in making sure enrollment data is reported for students in a timely manner. Online users will be able to request the Urgent/Late Ad-Hoc Report on the NSLDSFAP web site and retrieve it from their SAIG mailbox. The report will use the same layout as the Enrollment Roster Expected to be released Summer 2016 51

52. School Portfolio Report Updates School Portfolio Report First Payment Due Date Disclosure Date Total Payment Amount Next Payment Due Date Payment Type Payment Effective Date Income-Driven Repayment Plan Anniversary Date Changes to be released in December 2015 Updated record layout will be available http://ifap.ed.gov/ifap/byNSLDSType.jsp?type=NSLDS 52

53. New Scheduled School Reports NSLDS will be adding four additional reports to list of reports that can be scheduled: Borrower Demographic Report Date Entered Repayment Report 36 Month Repayment Info Loan Detail Borrower Default Summary Report Will also be available in CSV for both ad-hoc and scheduled in unique message classes Expected to be available in Summer 2016 53

54. ‘Org’ Tab – Current View 54

55. Organization Setup Page NSLDS will be creating a new “one stop shop” Organization Profile Setup page Schools will be able to: View and establish scheduled reports Update their Organization Profile (i.e. TSM setup) View fsawebenroll.ed.gov batch services Expected to be available in Summer 2016 55

56. Institutional Cohort Default Rate Changes for Cohort Year 2013 (draft release in February 2016) CDR Notification Letter will be available on NSLDSFAP Loan Record Detail Reports will be available in.CSV on an ad-hoc basis Removal of loans from numerator where the effective date of a bankruptcy, ID theft, disability or veteran's disability discharge is earlier than the date of default Changes for Cohort Year 2013 (official release in September 2016) NSLDS will push the.CSV version of the LRDR out with the CDR Rate Notification letter 56

57. Program Cohort Default Rate NSLDS will begin to calculate a Program Cohort Default Rate for GE Programs First calculation in early 2017 for Cohort Year 2014 Schools will be sent Program CDR Notification Letters and backup detail to their GE TG mailbox 57

58. PLUS Cohort Default Rate NSLDS will begin to calculate a Cohort Default Rate for Parent PLUS and Graduate PLUS borrowers First calculation in early 2017 for Cohort Year 2014 58

59. QUESTIONS? 59

60. NSLDS Contact Information 60 Customer Support Center: Phone:1-800-999-8219 Toll: 785-838-2141 Fax:785-838-2154 Web:www.nsldsfap.ed.govwww.nsldsfap.ed.gov E-mail:nslds@ed.govnslds@ed.gov