# Presentation: 151432

##  Update

- August 2002

**BOSTON SUMMIT**

## What’s New

-  Electronic Submissions
-  Online GA Loan Updating Guaranty
- Agency Reports on Web Site
-  GAFR Reasonability
- Edit Changes
-  Enrollment Enhancements
- Electronic Cohort Default Rates
-  NSLDS II

## Electronic Submissions

- <date/time>

- Conversion from tape to SAIG
- EDConnect for PC
- Easy Access for mainframe/midrange
- Thirteen agencies live
- Four agencies submitting weekly or bimonthly
- Loan submittals, Error file, and Enrollment Notification file
- Contact NSLDS Customer Service 1-800-999-8219

## Electronic Submissions

- <date/time>

**Weekly**
- Higher Education Assistance Authority – Kentucky
**Bi-Monthly**** **
- American Student Assistance – Massachusetts
- Colorado Student Loan Program
- Education Assistance Corporation – South Dakota
**Monthly**
- California Student Aid Commission
- Connecticut Student Loan Foundation
- Educational Credit Management Corporation
- Pennsylvania Higher Education Assistance Agency
- New Hampshire Higher Education Assistance Foundation
- Higher Education Student Assistance Authority – New Jersey
- Student Loans of North Dakota
- Utah Higher Education Assistance Authority
- Vermont Student Assistance Corporation

## Online GA Loan Updating

- This powerful customer service tool gives your agency direct update access to NSLDS. This enhancement will improve your ability to respond quickly to schools and students when corrections or updates are needed that affect a student’s eligibility.
- For security reasons, only two users from each GA will be granted this authority at one time.
- Current and future users must complete/update the SAIG enrollment document after October 1, 2002.

## Online GA Loan Updating

- Online Updates
- Identifiers
- Loan Details
- Loan Amounts
- Loan Activities
- Loan Status
- Claim detail
- Collection detail
- Holder

## Loan Detail Update  Page:

## Guaranty Agency Reports

- Available on the Web Site
** ****GA005A**** **– Loan Profile Data by SSN
- Request complete loan history for up to _50 _borrowers
** ****GAERR2 **– GA Top Ten Error Report
- Request agency’s error rates and top ten errors
**GA___** - Future report for on-line updates

## GAFR Reasonability

- Began with FY 1998 ED Form 1130
- As of April 2002 back-up detail available
- Technical Update GA-2002-02
- FY 2001 and FY 2000 Annual Comparisons
- Quarterly and Annual Calculations

## Attachment C

- 2000             AMOUNT                                                       PERCENT
-                                                LINE          FROM GAFR            AMOUNT            AMOUNT    PERCENT          DIFF.
-                                                ITEM          AS PER ED        FROM NSLDS        DIFFERENCE      DIFF.        ALL  GA
-                                                -----  ----------------  ----------------  ----------------  ---------      ---------
-      LOANS GUARANTEED TOTAL W/O CONSOLIDATION  AR-1         6869006639        6858305815          10700824        0.16%        1.33%
-      SLS(SL)                                                      9575             -1059             10634      111.06%       97.31%
-      PLUS(PL)                                                829868243         829539511            328732        0.04%       -0.35%
-      STAFFORD(SF)                                           3105468156        3096451091           9017065        0.29%        2.65%
-      UNSUBSIDIZED STAFFORD (SU)                             2933660665        2932316272           1344393        0.05%        0.10%
-      REFINANCED(RF)                                                  0                 0                 0        0.00%        0.00%
-      LOANS CANCELLED  TOTAL W/O CONSOLIDATION  AR-2          818362378         865486245         -47123867       -5.76%       -6.12%
-      SLS(SL)                                                    -71818            142881           -214699      298.95%      159.66%
-      PLUS(PL)                                                102990478         109030581          -6040103       -5.86%       -7.29%
-      STAFFORD(SF)                                            348701947         365632925         -16930978       -4.86%       -6.61%
-      UNSUBSIDIZED STAFFORD (SU)                              366741771         390679858         -23938087       -6.53%       -4.80%
-      REFINANCED(RF)                                                  0                 0                 0        0.00%        0.00%
-      LOANS GUARANTEED CONSOLIDATION (CL)       AR-3         2134715194        2157121635         -22406441       -1.05%       -9.13%
-      LOANS CANCELLED  CONSOLIDATION (CL)       AR-4            6906529           3425847           3480682       50.40%       -0.32%
-      LOANS TRANSFERRED IN                      AR-6             192161           1198776          -1006615     -523.84%     -422.68%
-      CONSOLIDATION (CL)                                              0           1166510          -1166510         N/A      -126.31%
-      SLS(SL)                                                         0             -1000              1000         N/A      -375.10%
-      PLUS(PL)                                                    74569              5641             68928       92.44%      -80.82%
-      STAFFORD(SF)                                               109635             24968             84667       77.23%    -1273.96%
-      UNSUBSIDIZED STAFFORD (SU)                                   7957              2657              5300       66.61%      -14.74%
-      REFINANCED(RF)                                                  0                 0                 0        0.00%        0.00%
-      LOANS TRANSFERRED OUT                     AR-7              66740            260848           -194108     -290.84%     -730.29%
-      CONSOLIDATION (CL)                                              0             72837            -72837         N/A     -3445.17%
-      SLS(SL)                                                     11476             11476                 0        0.00%     1605.06%
-      PLUS(PL)                                                        0             78121            -78121         N/A     -1218.67%
-      STAFFORD(SF)                                                44418             86046            -41628      -93.72%     -497.25%
-      UNSUBSIDIZED STAFFORD (SU)                                  10846             12368             -1522      -14.03%     -343.01%
-      REFINANCED(RF)                                                  0                 0                 0        0.00%        0.00%
-      DEFAULT CLAIMS PAID                       AR-8          572880303         566684158           6196145        1.08%        6.93%
-      CONSOLIDATION (CL)                                      126178488         125219684            958804        0.76%        7.71%
-      SLS(SL)                                                  31860060          31289086            570974        1.79%      -32.56%
-      PLUS(PL)                                                 23235343          23020763            214580        0.92%        6.88%
-      STAFFORD(SF)                                            270325021         267006367           3318654        1.23%        5.20%
-      UNSUBSIDIZED STAFFORD (SU)                              121281391         120148258           1133133        0.93%       14.74%
-      REFINANCED(RF)                                                  0                 0                 0        0.00%        0.00%

## Edit Changes

- Edit for loan status IA changed to allow a later effective date than the guaranty date.
- Revised edit on academic-level aggregate limit to edit against net guaranty amount instead of guaranty amount.

## Enrollment Enhancements Effective January 1, 2002

- Enrollment History
- Summary/Detail/Timeline
- Enrollment Reporting
- Update/Add capability
- Enrollment Reporting Schedule
- Create new/modify a current schedule
- All under a new Enrollment Tab

## Purpose of the Changes

**For Schools:**
- To make enrollment reporting easier on the Web.
- To put schools in control of when they report.
- To enable a school to have online access to the complete roster of students that NSLDS has associated with the school (their portfolio).
- To enable a school to quickly and simply add a student to their portfolio.

## Purpose of the Changes

**For GAs and Lenders:**
- To provide a complete history of enrollment data reported to NSLDS.
- To provide that history on the Web in a format to make research easy.
- To allow scheduling the receipt of enrollment status updates in notification files on specific days and as frequently as needed.

## Menu Options:Enrollment Summary	Enrollment Add		Enrollment Update					Enrollment Reporting Schedule

- New Enroll Tab

**Notes:**
A new tab was added to the website for access to all enrollment activity in one place.

## GA Preferences for Notification

-  Output file format:
- Current SSCR output format
- CAM format
- Notification style:
- All data since last report (each record sent)
- Changes only (only records that are a change in Status Code, Effective Date, or Anticipated Completion Date)

## New For GAs

- Now available, a new option of viewing school reporting schedules.
- Selection of Enrollment Reporting will show your agencies schedule and give you a line in which to select a school by code or name.
- You will only be able to change your own schedule if you have that authority, but may view the schedule currently in place for a school.

## Online Reporting Statistics

- Since January 1, 2002, online updating has been very popular.
- As of July 1:
- Total online updates – 274,267
- Total number of schools making online updates – 1,719
- Average updates monthly - 45,711

## School Portfolios in NSLDS

- Of the almost 7,000 schools signed up for Enrollment Reporting:
- Around 1,600 have 30 or less students
- Around 2,500 have 100 or less students
- Around 4,300 have 500 or less students

**Notes:**
With online reporting it is appropriate to encourage schools to immediately notify NSLDS of status changes rather than waiting for the next roster.

## Electronic Cohort Default Rates

- Replaces school paper process beginning with FY 2001 Draft Cohort Default Rates
- Schools will receive CDR package via SAIG
- Dates will be announced each cycle via IFAP
- All domestic schools will be required to sign up

## NSLDS Reengineering

- Major Objectives
- Improve financial integrity.
- Simplify and unify the management of federal data about Title IV aid.
- Reduce FSA costs associated with NSLDS and related operations.
- Improve quality and usability of NSLDS information, benefiting the Department and other NSLDS users in the financial aid community .
- Balance FSA’s data needs with burdens placed on financial aid community.
- Improve usability of NSLDS data repository through new tools.

## NSLDS Reengineering

**The primary focus of NSLDS II reengineering will be to support existing business requirements through a reengineered system, or other modernized systems, *****PLUS***** modernizing internal processing capabilities.**