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NCASFAA Spring Conference 2008
Wrightsville Beach, NC
Traci MitchellBill Zahn
NCASFAA Spring ConferenceNational Student Loan
Database System- NSLDS Aggregate
Calculations & other discussion points?!
Would rather be here now?Special thanks to US
Department of Education for letting us use their presentation - FSA 2007 FSA Conference
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What is this all about?
We’ll Talk!
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Aid Tab Menu
REQUIREDInput Student’s SSN, First
Name, and DOBClick functions such as
“Loan History”
Loan History
Click number or Loan Detail Button
to see more loan information
Using Loan History
• Understand aggregate loan terms• Identify loan types that impact aggregate limit
calculations• Calculate aggregate limits using NSLDS
methodology• Apply aggregate information to eligibility
decisions
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Defining & Using Aggregates• NSLDS Loan Terms
– Outstanding Principal Balance (OPB)– Aggregate amounts
• Aggregate Loan Information• Loan Level Aggregate Principal Balance
• Why are NSLDS Aggregate amounts used?
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NSLDS Aggregate Totals
Calculation Process
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Calculate Each Loan Type’s Loan Level Aggregate OPB
• NSLDS reviews loans in student’s financial aid history
• Categorizes each loan into respective loan type (e.g., bucket)
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Calculate Each Loan Type’s Loan Level Aggregate OPB, cont.
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•Three main loan groupings:
–Recent loans
–Older loans
–Consolidation Loans
Recent Loans• May have adjustments not yet posted
• May have additional disbursements or adjustments not yet reported to NSLDS
• Included at end of calculation as Pending Disbursements
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Recent Loans, cont.
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Recent loans
Period End Date
Loan Period End Date plus 90 days has not yet passed
Loan Status IA, ID, IG, IM
Aggregate Outstanding Principal Balance (Agg. OPB)
Greater of –OPB, or–Disbursed Amount
Not to exceed Net Loan Amount
Status-A two-character code and description indicating the status of a loan
Code Description
AE Loan Transferred to New Holder
AL Abandoned Loan
BC Bankruptcy Claim, Discharged
BK Bankruptcy Claim, Active
CA Cancelled
CS Closed School Discharge
DA Deferred
DB Defaulted, Then Bankrupt, Active, Chapter 13
DC Defaulted, Compromise
DD Defaulted, Then Died
DE Death
DF Defaulted, Unresolved
DI Disability
DK Defaulted, Then Bankrupt, Discharged, Chapter 13
DL
Defaulted, In Litigation
DN Defaulted, Paid in Full Through Consolidation Loan
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DO Defaulted, Then Bankrupt, Active, Other
DP Defaulted, Paid in Full
DR Defaulted Loan Included in a Rolled-Up Loan
DS Defaulted, Then Disabled
DT Defaulted, Collection Terminated
DU Defaulted, Unresolved
DW Defaulted, Write-off
DX Defaulted, Six Consecutive Payments
DZ Defaulted, Six Consecutive Payments, Then Missed Payment(s)
FB Forbearance
FC False Certification Discharge
FR Borrower Convicted of Fraud
IA Loan Originated
ID In School or Grace Period
IG In Grace Period
IM In Military Grace
IP In Post-Deferment Grace Period
IT Loan Transferred by DCS
Status Codes Cont:OD
Defaulted, Then Bankrupt, Discharged, Other
PC Paid in Full Through Consolidation Loan
PF Paid in Full
PM Presumed Paid in Full
PN Non-Defaulted, Paid in Full Through Consolidation Loan
RF Refinanced
RH Loan Transferred by DCS to Sallie Mae
RP In Repayment
TG Loan Transferred by DCS to GA927
UA Temporarily Uninsured-No Default Claim Requested
UBTemporarily Uninsured-Default Claim Denied
UC Permanently Uninsured/Unreinsured-No Default Claim Requested
UD Permanently Uninsured/Unreinsured-Default Claim Denied
UI Unreinsured
XD Defaulted, six consecutive payments
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The loan status code is blue and underlined if the student is not in defaut, yellow and underlined if the student is in default. The loan status codes are hyperlinks back to the Loan Status Code list above.
Older Loans
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Included in Aggregate OPB calculations
Older loans
Period End Date 90 days or older
Loan Status
Aggregate Outstanding Principal Balance (Agg. OPB)
Lesser of –Net Loan Amount, or–Disbursed Amount, or–OPB
If all are greater than zero
Aggregate OBP
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Subsidized Loan Aggregate Calculation Components
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Loan Types / Bucket: Subsidized (from Loan Summary)Recent or Older LoansFFEL SubDirect Stafford SubsidizedDirect Consolidation Subsidized Calc’d SubCL – FFEL Consol. Calc’d Sub Aggr. OPB amount(s)
Unsubsidized Loan Aggregate Calculation Components
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Loan Types/ Bucket: Unsubsidized(from Loan Summary)•Recent or Older Loans:•FFEL Unsub Supplemental Loan (SLS)Federally Insured (FISL) FFEL Refinanced LoanDirect Stafford UnsubsidizedDirect Consolidation UnsubCalc’d Unsub•FFEL Consol. Calc’d Unsub Aggr. OPB amount(s)
Consolidation Loan Components• When no underlying loans reported within 60
days of FAH review, loan level Agg. OPB is zero
• If CL over 60 days old and has no underlying loans, then whole CL treated as Subsidized
• CL falls under older loan category
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Consolidation Loans (CL) & Aggregate OPB
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Process to determine impact of CL on Aggregate OPB:
2A.Identify underlying loans
2B.Determine number of CLs & Totals
2C.Determine Calculated Agg. OPBs
2D.Determine CL;s Unallocated Agg. OPB
2E.Calculate CL’s Combined Loans Agg. OPB
Identify CL’s Underlying Loans
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Step 1: Determine Loan Status
Loan Status is one of these: PC PN DN DP PF
Step 2: Determine Loan Status Date
Loan Status Date: ________
Is Loan Status Date within 210 days (before or after) Consolidation Loan Date? Yes No
Step 3: Underlying Loan?
If Loan Status is one listed in Step 1 and the answer to Step 2 is Yes, then loan is underlying loan.
Which are Underlying Loans?
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Determine Number of CLs and Totals
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FFEL Consolidation Loan Types
Perkins Loan Types PLUS Loan Types
Determine Number of CLs and Totals
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Subsidized Loan Types Unsubsidized Loan Types
Consolidation Loans & Totals
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•Determine number of CLs = 2
•Sum Disbursed Amt of Loan Types
–Total CL Disbursed Amt: $39,000
–Total Subsidized Disbursed Amt:$18,625
–Total Unsub Disbursed Amt:$13,000
Consolidation Loans & Totals, cont.
• Loans Not Factored into Aggregate OPB Loan Limits
– Total Perkins Disbursed Amt: $4,000
– Total PLUS Disbursed Amt: $1,000
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Determine Calculated Agg. OPBs
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• Calculate ratio for each Loan Type - percentage of CL attributable to Loan Type
Sum of CL Disb Amts
Sum of Underlying Loans’ Disb AmtsRatio =
• Determine Calculated Agg. OPB amount for each CL
Aggregate = Ratio CL Guaranteed Amt
Calculate CL Subsidized Agg. OPB
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• Determine ratio for subsidized loans– Total of underlying Sub
Disbursement Amounts = $18,625– Total of CL Disbursement
Amounts = $39,000– Ratio = $18625/$39,000 =
0.47756
Calculate CL Subsidized Agg. OPB, cont.
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• Determine Calculated Subsidized Aggregates(Ratio Guaranteed Amount)
- Calculated Subsidized Aggregate for CL #4= $8,119(0.47756 $17,000)
Calculate CL Subsidized Agg. OPB
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– Calculated Subsidized Aggregate for CL #5=$10,506(0.47756 $22,000)
Calculate CL Unsubsidized Agg. OPB
• Determine ratio for Unsubsidized loans
– Total of underlying Unsub Disbursement Amounts = $13,000
– Total of CL Disbursement Amounts = $39,000
– Ratio = $13,000/$39,000 = 0.33333
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Calculate CL Unsubsidized Agg. OPB, cont.
• Determine Calculated Unsub Aggregates(Ratio Guaranteed Amount)– Calculated Unsubsidized Aggregate for CL #4= $5,667
(0.33333 $17,000)
– Calculated Unsubsidized Aggregate for CL #5= $7,333(0.33333 $22,000)
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Calculate Perkins Share of CL’s Agg. OPB
• Determine ratio for Perkins loans– Total of underlying Perkins Disbursement Amounts =
$4,000
– Total of CL Disbursement Amounts = $39,000
– Ratio = $4,000/$39,000 = 0.10256
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Calculate Perkins Share of CL’s Agg. OPB, cont.
• Determine Perkins Share of CL’s Aggregate OPB(Ratio Guaranteed Amount)– Perkins Share of CL #4 Aggregate OPB = $1,744
(0.10256 $17,000)
– Perkins Share of CL #5 Aggregate OPB = $2,256(0.10256 $22,000)
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Calculate PLUS Share of CL’s Agg. OPB
Determine ratio for PLUS loans
Total of underlying PLUS Disbursement Amounts = $1,000
Total of CL Disbursement Amounts = $39,000
Ratio = $1,000/$39,000 = 0.02564
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Calculate PLUS Share of CL’s Agg. OPB
• Determine PLUS Share of CL’s Aggregate OPB(Ratio Guaranteed Amount)
• PLUS Share of CL #4 Aggregate OPB = $436(0.02564 $17,000)
• PLUS Share of CL #5 Aggregate OPB = $564(0.02564 $22,000
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Calculate CL Unallocated Amounts
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Guaranteed Amount $17,000
- Total Perkins Share $1,744
- Total PLUS Share $436
- Calculated Sub Aggregate OPB $8,119
- Calculated Unsub Aggregate OPB $5,667
= Calculated Consolidation, Unallocated Aggregate OPB for CL #4
$1,034
CL Unallocated Amounts, cont.
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Guaranteed Amount $22,000
- Total Perkins Share $2,256
- Total PLUS Share $564
- Calculated Sub Aggregate OPB $10,506
- Calculated Unsub Aggregate OPB $7,333
= Calculated Consolidation, Unallocated Aggregate OPB for CL #5
$1,341
Calculate CL Combined Agg. OPB
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Combined Agg. OPB =
Calculated Sub Agg. OPB + Calculated Unsub Agg. OPB
Calculate CL Combined Agg. OPB, cont.
• Combined Agg. OPB (older loans) “adjusted” when:
– Underlying Perkins loans are factored out of Unallocated Amount
– Underlying PLUS loans are factored out of Unallocated Amount (for PLUS Borrower)
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Sum Loan Level Agg. OPBs by Loan Type
• Collect all loan level Agg. OPB numbers
• Roll individual calculated numbers into respective loan types
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Sum Loan Level Agg. OPBs by Loan Type, cont.
• Add in respective loan type’s pending disbursements
• Display each loan type’s Aggregate OPB Totals in Aggregate Loan Information section
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Combined Loan Amounts Roll-Up
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Evaluate Totals for Eligibility
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What have we learned?
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Resources: NSLDS Aggregate Training Workbook
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http://ifap.ed.gov/presentations/attachments/Session0207.ppt
Additional NSLDS Resources
• NSLDS for Financial Aid Professionalshttps://www.nslds.ed.gov/nslds_FAP/secure/logon.jsp
Information for Financial Aid Professionals (IFAP)
– Dear Colleague Letter GEN-96-13
– Dear Partner Letter GEN-03-12
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Overpayment List
Click “Add Overpayment”
to add another
Click Number IconTo Update/Delete
Overpayment
Grants Page
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Transfer Monitoring List
Click “NumberIcon” To
Update/Delete
Click To AddStudent
Sort/Retrieve Students That
Meet Conditions
Monitor Alert Review
Check Reviewed Box to clear alert
Click item to reviewthe aid that has
changed
Return to Main Menu
Click “Enroll” Tab to go to Enrollment
function
Enrollment Tab Menu
ENTER “SSN”, “First Name”,
and “DOB”,Then Click “Retrieve”
Enrollment Detail
Advanced Display Optionsallows selection ofrecords to display
Enrollment Summary Page
Click “Enrollment Timeline” to see
chronology of reportedenrollment
Return to Main Menu
Click “Org” Tab
Org Tab Menu
Click To Add New Contact Information
Click “Number Icon”To Update/Delete
Always create:A Primary Contact &
Enrollment Reporting- and provide EMAIL ADDRESSES
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Have Questions?
Call – They CAN help
Questions and Dialogue??
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Enjoy the conference
Again a Special thanks to US Department of Education for letting us use their presentationFSA 2007 FSA Conference
THANK YOU
FOR YOUR TIME