financial aid

Importance of Accurate Direct Loan and Enrollment Reporting to Prevent Loss of Subsidy

Importance of Accurate Direct Loan and Enrollment Reporting to Prevent Loss of Subsidy

It is important that schools accurately report a borrower’s Direct Loan (Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans) information to the COD System and enrollment information to NSLDS to ensure that Subsidized Usage and interest subsidy status can be calculated correctly.

150% Direct Subsidized Loan Limit: Announcement #17 - Misreporting of Data to COD and NSLDS

150% Direct Subsidized Loan Limit: Announcement #17 - Misreporting of Data to COD and NSLDS

FSA has determined that many schools are misreporting (1) academic year dates to the Common Origination and Disbursement (COD) System and (2) program length to both COD and to the National Student Loan Data System (NSLDS).

Compliance With Program Level Enrollment Reporting Requirements

Compliance With Program Level Enrollment Reporting Requirements

This Electronic Announcement informs institutions that the National Student Loan Data System (NSLDS) will, as of February 1, 2015, no longer accept enrollment reporting files in file layout formats that are older than those posted to the Information for Financial Aid Professionals (IFAP) Web site on February 27, 2014 (“the new formats”).

Important Updates to NSLDS Enrollment Reporting Requirements

Important Updates to NSLDS Enrollment Reporting Requirements

The Department of Education has just released updated guidance on enrollment reporting in the National Student Loan Data System (NSLDS) via a new Dear Colleague Letter: GEN-14-17.