The nslds depository

NSLDS - What is it?

2009-06-01T03:48:00.000-07:00

The NSLDS is a database created by the US department of education for student financial aid. The data in the database comes from schools, loan guaranty agencies, the direct loans program and other US education department programs. NSLDS offers a centralized, structured view of Title IV loans and grants which are tracked through their full cycle; from assistance approval through closure.

NSLDS SSCR changes

2009-04-01T04:52:00.000-07:00

In 1997 the U.S. Department of Education passed on Dear Colleague Letter GEN 97-9 which notified institutions about its on-going attempts to apply the Student Status Confirmation Report (SSCR) process of the NSLDS. It re-emphasized the Department’s stand that all bodies participating in Title IV student aid schemes have to take part in the NSLDS SSCR function.

The Department of education is entering on a new phase of SSCR execution in which it will
(1) acknowledge and reward institutions which have already completed their conversion to working SSCRs via the NSLDS,

(2) help those institutions which have built progress toward complying but which have not completed the change, and

(3) begin to enforce action against institutions that have not reacted to the Department’s initiatives.

Dependent upon the institution’s level of involvement as described above, institutions will start receiving the letters below:

A Successful Completion Letter will be posted to schools that have had at least 90% of the pupil registers on its roll successfully recovered, completed and delivered. It also excuses the shoal of its responsibility to process SSCR rolls sent by guarantee agencies. These institutions will begin to get SSCRs from NSLDS in accordance with the docket they fix when they registered with NSLDS through TIV WAN. They will also be expected to complete and deliver the electronic rolls to the NSLDS inside thirty days aft they ar placed in the school’s TIV WAN postbox.

An Unfulfilled Completion Letter will be posted to institutions that have not successfully processed and delivered the roll posted in their TIV WAN mailboxes with at least a 90% success rate. These institutions have to continue to work SSCRs posted to them by guaranty offices and also go on to try to successfully process the NSLDS SSCR roll sent to its TIV WAN mailbox. After the NSLDS gives a new SSCR roll corresponding to the schedule set by the school, the school will be unable to deliver rolls generated earlier. This letter likewise tells the school that if it cannot successfully deliver the NSLDS SSCR roster inside the restrictive 30-day period, it may be subject to enforcement action, including fines or other administrative countenances.

Schools that have not signed with TIV WAN or designated a third-party services to process their electronic SSCR rosters will get a Non-Participating Letter. It will be addressed to the school’s president or CEO and will identify the enforcement actions which the Department may take against the school, including the imposition of a fine, or a restriction, temporary removal, or termination action.

The DCL also described the message of a series of three Overdue Letters that it will use in its conformity monitoring work. If a institution does not return an SSCR inside the assigned time frame, it will get one or more of these letters, that are intended to remind the school of its processing obligation. The 3rd letter, that is sent to the president or CEO of a school that is more than twenty eight days late in returning its SSCR roll, is a ultimate demand. It tells the institution that its failure to return the roll will be referred to the Administrative Actions and Appeals Division with a call for initiation of an administrative action. Such action could include the infliction of a fine, or a limitation, suspension, or termination action which could impact the school’s extended participation in Title IV schemes NSLDS

My NSLDS data is incorrect

2009-02-26T04:44:00.000-08:00

What should you do if your nslds loan data is incorrect?

NSLDS is a depository for information and cannot change the data that it receives. If you detect inaccurate data, you must contact the agency that passed on the data to NSLDS because it is probably inaccurate in the agency's files as well. For changes to Stafford loans you can get hold of the guarantee agency; for Perkins loans you can contact the institution; and for Direct loans you can get hold of the Direct Loan officer.

NSLDS site security

2008-07-15T04:38:00.000-07:00

Is my data at nslds secured?
Federal secrecy laws protect the data. The only one who can access NSLDS are those people that need the info to calculate your prospective aid eligibility, or to solve doubts around your loans or grants on a need-to-know basis.

Where Does NSLDS get my information?

2008-07-01T04:28:00.000-07:00

The NSLDS gets it's info from many sources.

The loans and grants listed on the NSLDS website are received from different roots. In general, the authority that approved the financial aid award is responsible for reporting financial aid information to NSLDS. Stafford loans are notifiable by guaranty agencies, Direct loans are notifiable by the Direct Loan Servicing Center, Perkins loans are reported by schools (or their agent), and grants are notifiable by the U.S. Department of Education's Common Origination and Disbursement System.

what kind of information can I get from the NSLDS?

2008-06-02T04:20:00.000-07:00

The NSLDS systems contains a lot of information.
You can apply the website to make information about your Title IV loans and grants. The site shows data on loan and grant sums, remaining residues, loan status, and disbursals.

Is the NSLDS website available at all times

2008-06-01T04:15:00.000-07:00

The NSLDS Scholar Approach website is available twenty four hours a day, seven days a week. However, upkeep of the NSLDS database might take place on the week -ends or at dawn. it might make the website unavailable for a short period of time during upkeep

The information provided by NSLDS. Is it current?

2008-02-23T04:31:00.000-08:00

The NSLDS updates it's information everyday. If a body issues new loans and grants, this is reported to NSLDS within 30days of issuing the new loan. The NSLDS' remaining balance shown may be as old as 120days. So you might want to contact your loan service for a more up-to-date balance quote.