Institutions are responsible for adhering to all NSLDS enrollment reporting requirements. Compliance is critically important as Federal Student Aid implements changes to the NSLDS enrollment reporting requirements, including changes being made to implement the 150% Direct Subsidized Loan Limit provisions.
To help institutions in their compliance efforts, Federal Student Aid (FSA) is working on a comprehensive data quality analysis of enrollment data submitted by each institution. Because compliance with NSLDS reporting requirements is an institution’s responsibility, the institution is responsible for ensuring that any issues are resolved. Institutions are reminded that the use of a third-party enrollment reporting servicer, such as The National Student Clearinghouse, does not relieve the school of its responsibility to be in compliance with all NSLDS enrollment reporting requirements, including responding to the data quality analysis.
A Dear Colleague Letter providing more detail on this spring’s new requirements for enrollment reporting, including revised frequency of reporting will be posted to the IFAP website in the near future. As will be noted in that Dear Colleague Letter, while NSLDS will be ready to accept enrollment reports using the new formats in April, all institutions will be required to report using the new formats no later than July 1, 2014.
An updated NSLDS Enrollment Reporting Guide, to include changes related to the 150% Direct Subsidized Loan Limit, will be posted this spring. Please monitor the IFAP Web site for communications related to these updates.
For more information about NSLDS enrollment reporting requirements, refer to the NSLDS Enrollment Reporting Guide, available on the Information for Financial Aid Professionals (IFAP) Web site. Additional information is available in the NSLDS Reference Materials section of the IFAP Web site.
http://ifap.ed.gov/eannouncements/022414RemindertoInstitutionsofNSLDSEnrollment.html
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