I want to know more about National Student Loan Clearinghouse(NSLC)
Is there anyone working on transaction sets for application for
Guaranteed Student Loan, and the subsequent data exchange that takes
place between the school and guarantor, servicer, lendor, and
student?
Perhaps someone from SPEEDIE?
We're venturing into EFT for GSL, and are finding that each servicer
has their own formats for data exchange....seems like a field ripe
for standardization to me...
This program is large, and is growing as this is becoming the method
of federal student financial assistance. (I am aware of direct
lending...and have the same questions in this arena, though the
number of servicers is considerably smaller (namely:one)).
Any assistance would be appreciated.
You speak, SPEEDE listens! Yes, SPEEDE has
developed Transaction Set 190 which is being used in the student loan
arena. N. C. State University, UNC-CH, and UNC-Wilmington have just
completed a pilot project with the National Student Loan
Clearinghouse (NSLC) and we are sending enrollment information on our
student body to the NSLC on the Internet and they are doing the
certification for us to the loan agencies. The NSLC is new and, of
course, TS 190 is new also - but it works.
If you need more information about the transaction set, I will be
happy to send you a copy. If you need to know more about the
NSCL, I suggest you contact Ken Ostberg, Manager, Business
Development, National Student Loan Clearnighouse, 13100 Worldgate
Drive, Suite 245, Herndon, VA 22070,