You may wish to talk to your staff about the importance of following the schedule for reporting to the Clearinghouse, as they may not be aware of the consequences when data is not sent to the Clearinghouse in a timely fashion. Also on the secure portion of this site, you can look up individual students and find out when the Clearinghouse electronically notified that student's lenders and when the Clearinghouse completed that student's deferment forms. If you choose to submit an early registration file, the Clearinghouse can send out enrollment information almost as soon as the term begins rather than waiting for several weeks. When we receive your data, we check it thoroughly for accuracy. In addition, the Department of Education, lenders, servicers, and guarantors come to the Clearinghouse to check on students' enrollment status, either current or historical.
Some lenders send deferment forms to students.
We use your data to complete these forms when they are forwarded to us by your school. Many guarantors, lenders, and servicers who are Clearinghouse members query our database directly through our Web site to verify dates when students graduated or withdrew. See answer to questions above . Lenders depend on AGDs to determine the start of their collection process if they have not been notified of the students' actual graduation or withdrawal from school. The AGD is also used to schedule the exit interview process for students.