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2 Session # 50 Presented by: Russell Judd Chief Industry and Government Relations Officer Great Lakes Educational Loan Services Michael Sessa Executive.

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Presentation on theme: "2 Session # 50 Presented by: Russell Judd Chief Industry and Government Relations Officer Great Lakes Educational Loan Services Michael Sessa Executive."— Presentation transcript:

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2 2 Session # 50 Presented by: Russell Judd Chief Industry and Government Relations Officer Great Lakes Educational Loan Services Michael Sessa Executive Director Postsecondary Electronic Standards Council (PESC) Standards & Open Systems

3 3 Agenda n “Standard” Defined n Benefits of Standards n Open Standards n Players & Stakeholders n Hierarchy n History in Financial Aid n Relevance – Today and Tomorrow n Getting Involved

4 4 “Standard” Defined nSpecific guidelines for data exchange that can include: –Transport/transmission of data –Data itself (format, element names, definitions, transactions, etc) –Security (protocols to protect data) –Authentication (identity recognition and verification)

5 5 “Standard” Defined n Agreed upon guidelines set: –By government regulation or legislation n Formally through cooperation, study, and approval by designated accredited standards-setting bodies: –National and/or international –Industry agreement and collaboration

6 6 n Data standards must be supported by business standards, agreement on common policy and process –Common policy (Common Manual) –Common terminology and definitions –Common business purpose and transactions (CommonLine) “Standard” Defined

7 7 n Proprietary methods: –Are often misrepresented as standards –Become a duplicate of existing or new standard –Are often created intentionally to “capture” or “lock-in” customers or partners –Are often controlled by small but influential groups without open or public participation –Raise costs for everyone –Become impediments for industry progression road blocking ability to move forward with new features and technologies

8 8 Benefits of Standards n Streamline processes – eliminate unnecessary complexities n Improve service to customers by expanding functionality and reducing costs n Decreases delivery time of new services to customers n Future services can be added to a standard framework

9 9 Benefits of Standards n Reduces or eliminates the cost of maintaining multiple methods n “Level the playing field” and promote competition based on service, not on process or technology n Ability to plug-n-play and interoperate –Partners can integrate, communicate, and exchange information easier which enables value-added services –Simpler interconnectivity between partners allows new business alliances

10 10 Open Standards n Ensure input from all interested parties n Are developed by an objective body who is NOT itself a stakeholder (the standards body doesn’t benefit directly from the services which use the standard) n Are available and accessible for public comment

11 11 n Allows interoperability between implementers n Precludes a participation cost or fee to use n Do not require participants to use proprietary software/hardware Open Standards

12 12 Players & Stakeholders n Technical, industry-independent groups –OASIS, W3C, X12 n Government groups - FSA n Higher Education –Postsecondary Electronic Standards Council (PESC) –AACRAO’s Postsecondary Education Electronic Data Exchange (SPEEDE) Committee for EDI Academic Transcripts and Test Scores –NCHELP’s Electronic Standards Committee (ESC) for CommonLine

13 13 Web Services and Technical Standards (XML, Authentication, Data Transport, Data encryption, Interoperability protocols) Financial Aid Industry Technical and Business Standards Stakeholder Implementations (CommonLine, COD, Meteor, NSLDS II) Standards are built upon standards Data definitions, XML Standards Hierarchy

14 14 (OASIS, UN/CEFACT, W3C, Liberty Alliance) NCHELP and FSA Stakeholder Implementations (Lenders, Guarantors, Schools, Originators, Secondary Markets, Servicers, ED, SIS vendors, etc.) Standards are built upon standards PESC Hierarchy

15 15 History in Financial Aid n CommonLine n Common Account Maintenance (CAM) n NSLDS n E-Sign n Common Record n CommonLine/Common Record Convergence n PESC Core Data Dictionary and Web Services

16 16 Relevance – Today and Tomorrow n Real-time services – another evolutionary step n Standards are the necessary linchpin to make new technology happen n FSA is committed and active in standards- setting and development (PESC, CommonLine/Common Record convergence, Web Services)

17 17 Relevance – Today and Tomorrow n Meteor – developing communication, authentication, and data definitions built on work of public and industry standards-setting bodies (PESC, OASIS, JA-SIG, Internet 2) n CommonLine/Common Record convergence n XML-based data transmission n Web Services n Decreasing and limited role for proprietary processes and layouts

18 18 Getting Involved n Participate in the standards process – your participation provides a voice and influence for you institution and service providers n Practice and promote the standards – this will maximize time and monetary investment n Pre-empt efforts to develop proprietary methods

19 19 Getting Involved! n PESC –Join PESC and the XML Forum –membership info available at www.StandardsCouncil.org n NCHELP –Visit www.NCHELP.org –Join the ESC –Join the School Advisory Group

20 20 Contact Information n Russell Judd –608-246-1500 –rjudd@glhec.org n Michael Sessa –202-293-7383 –sessa@standardscouncil.org


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