1999-2000 SAR Guide
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A Guide to 1999-2000 SARs and ISIRs APPENDIX C NSLDS FINANCIAL AID HISTORY/NSLDS MATCH FLAGS NSLDS Financial Aid History The “Loan Satisfactory Repayment Arrange- 1999-2000 ments” flag reflects the status of loans with a “DX” (Defaulted, satisfactory arrangements Changes to NSLDS data since previous made including six consecutive monthly pay- Prescreening ments). If this flag is set to “Y” a comment will be included on the SAR/ISIR informing the student and the school of that status, but no “C” flag will An indicator will inform schools where NSLDS be set. information provided on a SAR/ISIR has changed since the last CPS transaction. A “#” sign will Aggregate Amounts for FFELP/Direct Loans print in front of the status field for Overpayments, Defaulted Loans, Discharged Loans, Loan Satis- Section factory Repayment Arrangements, or Active Bankruptcy if there has been a change in that The Unsubsidized Loans field has been deleted status since the last CPS transaction. and replaced with a Combined Loans field, which reflects the total amount of subsidized and The “#” sign will also print in front of the Aggre- unsubsidized loans the student has borrowed. gate Amount for FFELP/Direct Loans, Cumula- This change is consistent with guidance provided tive Perkins Loans, or the 1999-2000 Pell Pay- in Dear Colleague Letter, GEN-97-3, which was ment Data sections when information within that published in May 1997. In addition, the Consoli- section has changed since the last CPS transaction. dated Loans field has been renamed FFEL Con- Finally, a “#” sign will print in front of each solidated Loans, and will only include amounts of reported loan in the Loan Detail section when FFEL Consolidated Loans. Direct Consolidated there has been a change to some field related to Loan amounts will be reported in the Subsidized that loan since the last CPS transaction. and Combined fields based upon the underlying loans that were consolidated. Flags (Upper Section) Pell Payment Data Section All flags at the top of the Financial Aid History page will display a value of either “Y” for Yes or Pell Grant data will show current award year “N” for No. The Overpayment flag may also (1999-2000) payment information as reported by display a value of “S” when satisfactory repay- schools to the Recipient Financial Management ment arrangements have been made. The Contact System (RFMS). Information for up to three field for each Overpayment flag will display a disbursements will be displayed. This information school code (OPEID), ED Debt Collection Ser- will include: School Code, Transaction Number, vice Region code, N/A (when no overpayments Scheduled Award, Disbursed Amount, Remaining exists), or “Access NSLDS” if there is more than Amount To Be Paid, Percent Scheduled Used, one overpayment for a specific aid type (Pell, and Date of Last Activity. The EFC and Verifica- FSEOG, Perkins). tion Flag have been added to this section for 1999- 2000. A message instructing the school to access The “Discharged” loan flag reflects the status of NSLDS for additional Pell Grant data will display any loan discharged due to disability or death. If when the student has more than three payment this flag is present, the “C” flag is set on the SAR/ records. ISIR and a comment will be given. C–1 A Guide to 1999-2000 SARs and ISIRs Loan Detail Section the NSLDS Financial Aid History section, the changed information. These transactions will The information appearing for each loan in the include a “system generated” flag of “N” (for Loan Detail section is as follows: Loan Type, Net “NSLDS”) and a special SAR/ISIR comment Loan Amount, Loan Begin Date, Loan End Date, (comment 004) that will inform the student and the GA Code, School Code, Grade Level, Contact, school that a change in NSLDS is being reported Contact Type, Current Status Code, Current Loan that may affect the student’s eligibility for Title IV Status Date, Outstanding Principal Balance and aid. A new message class will be used for system Outstanding Principal Balance Date. If there is no generated ISIRs in 1999-2000. information to report, “N/A” will be displayed. Schools must act on the updated information they If a loan is in default, the loan status code will be receive regarding a change in a student’s eligibility in bold on the SAR. The “Loan Detail” section for Title IV aid and must ensure that a student will display up to twelve open loans (including remains eligible for payment; otherwise, the Perkins Loans), sorted by “Loan Begin Date.” school will be liable for improperly disbursed The loans are chosen without regard to their funds. current loan status. Please note that the status changes reported on a A “Contact Type” is included for each loan. The 1999-2000 SAR/ISIR may have a bearing on contents of the “Contact Type” field will be eligibility for payments to the student during the “SCH” for School, “LEN” for Lender, “DLS” for 1998-99 award year. Direct Loan Servicer, “EDR” for ED Region, “GA” for Guaranty Agency, or “N/A” for not If the school has already disbursed funds to a applicable. Information about whom to contact for student who is found to be ineligible, the school each loan in a default status will be included in the must contact the student to make arrangements for comment text. repayment. If the student has received an FFEL loan, the school must notify the lender. If the NSLDS Postscreening student has received a Federal Direct Loan, the school must notify the Direct Loan servicer. As in 1998-99, we will help schools identify any student whose eligibility for federal student aid Please refer to the Federal Student Aid Handbook may have changed subsequent to the last time a for 1999-2000, Dear Colleague Letter GEN-96- SAR/ISIR transaction was produced. NSLDS 13, and Dear Colleague Letter GEN-98-6 for will periodically scan its database to find cases additional discussion of NSLDS information and where a student’s eligibility status has changed applicable school requirements. because the student (1) entered default on a Title IV loan that was previously not in default, (2) cleared a previously reported default of a Title IV loan, (3) became obligated for a new overpayment of a Title IV grant or loan, or (4) cleared an overpayment obligation of a previously reported Title IV grant or loan. When any of these situa- tions occurs, the CPS will system generate a new SAR/ISIR transaction that will include, as part of C–2 A Guide to 1999-2000 SARs and ISIRs LOAN STATUS CODES AND ELIGIBILITY CHART CODE STATUS ELIGIBILITY FOR TITLE IV AE Perkins Assigned Yes, because actual loan will be reported to NSLDS by the Department, and the status of that record will determine eligibility BC No Prior Default, Yes, because loan was not in default and was discharged Bankruptcy Claim, Discharged BK No Prior Default, Yes, because loan was not in default Bankruptcy Claim, Active CA Cancelled Yes DA Deferred Yes DB Defaulted, then Bankrupt, No, unless debtor can show that loan is dischargeable. See Active. (Perkins: all Dear Colleague letter bankruptcies. FFELP and GEN-95-40, dated September 1995 Direct Loans: Chapter 13) DC Defaulted, Compromise Yes, because compromise is recognized as payment in full DD Defaulted, Then Died No, because if borrower is reapplying, then loan status is in error DE Death No, because if borrower is reapplying, then loan status is in error DF Defaulted, False Yes, because loan has been discharged certification/defaulted and then loan discharged DG Defaulted, Ability to benefit, Yes, discharged for lack of ability to benefit. false certification loan discharged Not applicable to Perkins. DI Disability Yes DJ Defaulted, Judicial ruling Yes, because loan has been discharged discharges loan DK Defaulted, Then Bankrupt, Yes, because defaulted loan has been totally discharged Discharged. (Perkins: all bankruptcies. FFELP and Direct Loans: Chapter 13) DL Defaulted, in Litigation No DN Defaulted, closed school Yes, because loan has been fully discharged, not loan discharged applicable to Perkins C-3 A Guide to 1999-2000 SARs and ISIRs CODE STATUS ELIGIBILITY FOR TITLE IV DO Defaulted, Then Bankrupt, No, unless debtor can show that loan is dischargeable. See Active. For FFELP and Dear Colleague letter GEN-95-40, dated September 1995 Direct Loans in Chapters 7, 11, and 12 DP Defaulted, Then Paid in Full Yes, because loan was paid in full DS Defaulted, Then Disabled Yes, because loan debt is cancelled DT Defaulted, Collection No Terminated DU Defaulted, Unresolved No DW Defaulted, Write-Off No DX Defaulted, Satisfactory Yes, assuming student continues to comply with Arrangements, and Six repayment plan on defaulted loan, or is granted Consecutive Payments forbearance by the GA EA Ability to benefit, false Yes certification, loan discharged EC School closed Yes, not applicable to Perkins EF Fraud, loan discharged Yes, Fraudulent disbursement of Title IV aid EJ Court order, Write-Off Yes FB Forbearance Yes ID In School or Grace Period Yes OD Defaulted, Then Bankrupt, Yes, because defaulted loan has been totally discharged Discharged. For FFELP and Direct Loans in Chapters 7, 11, and 12 PC Paid in Full Through Yes. Does not matter whether consolidation loan was Consolidation Loan through FFELP or Direct Loan, nor whether underlying loans were in default PF Paid in Full Yes RF Refinanced Yes, because defaulted loans cannot be refinanced RP In Repayment Yes UI Uninsured/Unreinsured Yes, does not matter if loan was in default C-4 A Guide to 1999-2000 SARs and ISIRs FEDERAL DIRECT LOAN SERVICER CODE NAME