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Federal Scholar Help’s Summer time Project: Modernize the Nationwide Scholar Mortgage Knowledge System (NSLDS®)



By: Richard Cordray, Chief Working Officer, U.S. Division of Training’s Workplace of Federal Scholar Help

For a lot of, summer season is a time for household journeys and yard BBQs, however it’s not all enjoyable and video games. Earlier than we all know it, many college students will probably be dashing to finish summer season assignments earlier than heading again to highschool. Right here at Federal Scholar Help (FSA), we have now had a significant “summer season college” project of our personal: we have now been working exhausting to launch a brand new web site that helps monetary support professionals at schools and profession faculties put together for the upcoming college 12 months.

The brand new NSLDS Skilled Entry web site modernizes an important knowledge system and on-line device that’s greater than 25 years outdated. The system shops mortgage and grant knowledge for each pupil who receives support, in addition to reimbursement knowledge reported by mortgage servicers and different monetary companions. When college students and households use the Faculty Scorecard to match faculties to seek out the best match or lookup their support data on StudentAid.gov, that helpful knowledge comes from NSLDS.

Our most important aim with the brand new website is to make NSLDS simpler for monetary support professionals to make use of to allow them to spend extra time serving to college students. The improved website has a contemporary feel and appear that make it simpler for monetary support professionals to navigate the features they use essentially the most. We’ve got vastly improved how the totally different monetary support techniques join with one another. Now we will present an easy-to-read breakdown of scholars’ mortgage quantities and their full monetary support historical past in a single central place. The brand new website additionally provides extra flexibility for scheduling reviews, as most reviews are actually out there for speedy obtain from the NSLDS web site.

Sooner or later, we additionally plan to reinforce the dashboard on the FSA Accomplice Join portal at fsapartners.ed.gov and to make it simpler to entry on-line accounts. Via our ongoing Subsequent Gen initiative, we’ll proceed to improve our know-how, instruments, and sources for college students, dad and mom, debtors, and monetary support professionals.

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