Financial Aid Services

Financial Aid Services The All-In-One Solution for Federal Financial Aid & Tracking

Financial Aid Services Financial Aid Services combines services, reports, and analytics from the National Student Clearinghouse to help you meet the growing compliance and assessment efforts associated with state and federal financial aid programs. Financial Aid Services includes: Automated processing of federally-required enrollment reporting Enrollment Through our Enrollment service, we ll handle all your financial aid recipient reporting requirements to the Department of Education and the education finance industry. Audit trail of your transmissions Easy-to-use online tools Gainful Employment Streamline financial aid Expand your Enrollment service with the Clearinghouse, where we ll submit Gainful Employment (GE) data submissions on your behalf at no charge to the Department of Education. Automate NSLDS Free submission of GE reporting enrollment reports Ensure timely compliance Reduce deferment processing Our free Clearinghouse Online Application (CORA) offers an enrollment reporting solution for colleges with fewer than 100 students. data to the Department of Education Edit checks automatically performed on your data Flexibility to review your reports before their final submission Easy-to-use interface Enables debt management & Meteor Our powerful, real-time online financial aid tracking system enables you and your students to easily look up the award amount, begin date, status, lender name, and more for federal and private student loans. If available, Meteor also displays the student s federally held debt, Perkins Loans, and more information from our LoanLocator service, providing an aggregated view of the student s financial aid history. Get real-time award amounts, deferments, etc. Learn what s owed to who and when Easily locate lender/ servicer information The Financial Aid Services You Need in One Place 1. Convenient Single Provider Access 2. Automated 3. Actionable Data Trust the industry s leading source for your compliance and assessment reporting needs, reducing the workload for your staff and providing you with: Automated Enrollment Automated deferments Automated Gainful Employment Consolidated view of enrollment histories In addition to your GE reporting, we can also handle your NSLDS enrollment reporting and process your student deferments. Handle all your financial aid tracking, reporting, and assessment needs in one place Meteor provides an aggregated view of student loans in real time, allowing you to instantly see a student s financial aid obligations. You can make 24/7 access to Meteor available to your students through our free Student Self-Service. Get a consolidated view that puts student details, reports archive, and more at your fingertips Make it easier to meet federal requirements on time, help ensure future audits are easy and painless, and get updated facts to help counsel students on financial aid Easy lookup of student loan details Audit trail of enrollment verifications Digital archive for all recordkeeping The Clearinghouse automatically runs edit checks on your Gainful Employment (GE) files so you can review, approve and, if necessary, replace them before they are submitted to the Department of Education. File status and transmission history are available online.

Benefits...For Your School Free Reduces workload Releases staff and resources for other tasks Enables debt management and Helps you meet compliance reporting requirements...for Your Students Free 24/7 access to student loan details* Reduces default or deferment issues Displays total obligations held by Meteor Network participants, including comprehensible loan summaries Provides repayment due dates and instructions *Through the Clearinghouse s free Student Self-Service SM How Financial Aid Services Works Your school and students access real-time financial aid information via the Web. ONLINE TOOLS: Your school accesses your enrollment and Gainful Employment reporting transmission history and future schedules on our secure site. ENROLLMENT: Your school reports students to the Clearinghouse (at least 4x/term). YOUR COLLEGE GAINFUL EMPLOYMENT (GE): Your school reports GE data to the Clearinghouse. FINANCIAL AID PROVIDERS Financial aid providers report student borrowers to the Clearinghouse monthly. Clearinghouse reports your financial aid students enrollment to their financial aid providers 1x/week. Clearinghouse reports your enrollment data to NSLDS. NSLDS Clearinghouse reports your GE data to NSLDS every fall.

Financial Aid Services Financial Aid Services combines services, reports, and analytics from the National Student Clearinghouse to help you meet the growing compliance and assessment efforts associated with state and federal financial aid programs. Financial Aid Services includes: Automated processing of federally-required enrollment reporting Enrollment Through our Enrollment service, we ll handle all your financial aid recipient reporting requirements to the Department of Education and the education finance industry. Audit trail of your transmissions Easy-to-use online tools Gainful Employment Streamline financial aid Expand your Enrollment service with the Clearinghouse, where we ll submit Gainful Employment (GE) data submissions on your behalf at no charge to the Department of Education. Automate NSLDS Free submission of GE reporting enrollment reports Ensure timely compliance Reduce deferment processing Our free Clearinghouse Online Application (CORA) offers an enrollment reporting solution for colleges with fewer than 100 students. data to the Department of Education Edit checks automatically performed on your data Flexibility to review your reports before their final submission Easy-to-use interface Enables debt management & Meteor Our powerful, real-time online financial aid tracking system enables you and your students to easily look up the award amount, begin date, status, lender name, and more for federal and private student loans. If available, Meteor also displays the student s federally held debt, Perkins Loans, and more information from our LoanLocator service, providing an aggregated view of the student s financial aid history. Get real-time award amounts, deferments, etc. Learn what s owed to who and when Easily locate lender/ servicer information The Financial Aid Services You Need in One Place 1. Convenient Single Provider Access 2. Automated 3. Actionable Data Trust the industry s leading source for your compliance and assessment reporting needs, reducing the workload for your staff and providing you with: Automated Enrollment Automated deferments Automated Gainful Employment Consolidated view of enrollment histories In addition to your GE reporting, we can also handle your NSLDS enrollment reporting and process your student deferments. Handle all your financial aid tracking, reporting, and assessment needs in one place Meteor provides an aggregated view of student loans in real time, allowing you to instantly see a student s financial aid obligations. You can make 24/7 access to Meteor available to your students through our free Student Self-Service. Get a consolidated view that puts student details, reports archive, and more at your fingertips Make it easier to meet federal requirements on time, help ensure future audits are easy and painless, and get updated facts to help counsel students on financial aid Easy lookup of student loan details Audit trail of enrollment verifications Digital archive for all recordkeeping The Clearinghouse automatically runs edit checks on your Gainful Employment (GE) files so you can review, approve and, if necessary, replace them before they are submitted to the Department of Education. File status and transmission history are available online.

Why You Should Put Financial Aid Services to Work for You Free Enrollment and Gainful Employment Eliminates manual work in compliance reporting Decreases loan delinquency and default rates Low cost loan tracking Facilitates compliance with FERPA, The Higher Education Act, and other applicable laws Free Assistance from Our Audit Resource Center The Clearinghouse Audit Resource Center can help you prepare for the enrollment and loan reporting requirements of your institution s financial aid compliance audits. Our Audit Resource Center includes a team of operational experts and online tools to address your audit needs and questions. To learn more and access our online resources, visit www.studentclearinghouse.org/audit. Add Free Student Self-Service Your school is eligible to receive free Student Self-Service, including real-time financial aid tracking via Meteor, if you participate in our free Enrollment, DegreeVerify SM, and EnrollmentVerify SM services. Student Self-Service enables your students to perform a wide range of enrollment verification activities and more via the Web, at no charge. If you already participate in the Clearinghouse s free Student Self-Service, you can sign up for the Meteor option. Sign Up Today! Talk to your Clearinghouse regional or managing director to sign up for our free financial aid tracking and reporting services or visit www.studentclearinghouse.org/colleges to learn more. www.studentclearinghouse.org 703-742-4200 service@studentclearinghouse.org 2012 National Student Clearinghouse. All rights reserved. 0312-5000