Reporting complete and accurate program-level enrollment information to the National Student Loan Data System is critical for calculating interest subsidies as well as 150% Direct Subsidized Loan Limits. Complete and accurate reporting of a student’s academic program enrollment information includes reporting, among other things, the program’s length, CIP code, and credential level:
- For all students who are on the NSLDS Enrollment Roster;
- Who are enrolled in a program that leads to a degree or certificate; and
- Who are enrolled in certain coursework that does not lead to a degree or certificate, but for which the student may receive Title IV aid (such as preparatory coursework and certain teacher certification coursework).
Nearly all of a school’s students should have program-level information reported about them.
In particular, program length is used to determine a student’s Maximum Eligibility Period for Direct Subsidized Loans to determine whether the student might lose interest subsidy under the 150% Direct Subsidized Loan Limit. A school’s failure to timely and correctly report this information could, under the 150% limit, lead to retroactive application of the loss of interest subsidy or the improper continuance of loss of interest subsidy.
In addition, the student’s program-level enrollment status—in particular, a graduation status—is used to determine whether the student’s Direct Subsidized Loans can be protected from ever losing interest subsidy.
Information to help schools meet the reporting requirements is provided here: http://1.usa.gov/1NZqgH3
Your Registrar needs training on Enrollment Reporting. Let us customize a training program to meet your needs. Contact us today at Info@Ed-Executives.com or Call 203-836-4806