National Student Loan Data Base
National Student Loan Data Base
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED) central database for student aid information and award data. NSLDS contains information about all Title IV federal student loans, including those made under parts B, D, and E of the Higher Education Act of 1965. The system also includes data on non-federal loans issued to students who receive or have received Title IV federal aid. This section discusses how schools are required to report data to NSLDS on students who receive or have received Title IV loans; what types of information they send to ED; how NSLDS can be used by institutions as a tool for administering financial aid programs; and what features are available through the web interface provided at www.nslds.ed.gov
1996 Congress established the National Student Loan Data System (NSLDS)
The National Student Loan Data System (NSLDS) was established by Congress in 1996. NSLDS is a centralized database for student aid that is used to track and report student aid information, including loan origination, disbursement and repayment data. The information in NSLDS helps determine if a student is in default on any Title IV loan, as well as whether or not the institution has met its cohort default rate threshold.
Congress mandated that schools report data to NSLDS on students who receive or have received Title IV loans
- Congress mandated that schools report data to NSLDS on students who receive or have received Title IV loans.
- The law requires schools to report the data in a standardized format.
- The law requires schools to report the data to NSLDS for inclusion in the National Student Loan Data Base (NSLDB).
Schools are required to use NSLDS to determine if a student is in default on any Title IV loan when awarding new aid
NSLDS is a required source of information for schools when awarding student aid. As such, if you are an eligible borrower who has taken out one or more Title IV loans to finance your education, your school must check NSLDS before awarding any student aid. Once the school determines that you are in default on any Title IV loan, it may not award additional federal student aid funds until you repay the past due amount or enter into an acceptable repayment arrangement with your lender(s).
The consequences of being considered in default can be serious and far-reaching:
- You may not be eligible for deferments or forbearances during periods when you would otherwise be eligible (such as during periods of unemployment).
- Your enrollment status might be affected by having a student loan that is late or in default. For example, some schools will not allow students who have defaulted on their loans to register for classes until they make arrangements with the appropriate lenders to repay those debts. If you have both Federal Family Education Loans (FFEL) and Direct Loans, only the FFEL will count towards this requirement if it remains unpaid after 120 days from the date by which payments were due.
That’s why we encourage borrowers who think they might qualify for deferments/forbearances or other forms of temporary relief from making payments on their loans to contact their lenders immediately so that any such arrangements can begin as soon as possible after graduation.*
The most comprehensive source of federal student aid award data; provides aggregation of all federal data reported by schools, guaranty agencies, and the Department
The most comprehensive source of federal student aid award data; provides aggregation of all federal data reported by schools, guaranty agencies and the Department. All federal student aid data reported by schools, guaranty agencies and the Department including:
- New/Current Year Data (Y-1) – Includes Y3, Y4 and prior years’ award totals with current year enrollment status information updated quarterly
- Award Year History – Includes historical award information for each academic year back to 1987-88; includes undergraduate, graduate/professional and doctoral levels
Available at www.nslds.ed.gov
The NSLDS website is an important resource for anyone with student loans. The site allows you to:
- View your federal loan details, including the type and amount of loans you have (including private student loans), when they came into repayment, the servicer that manages them and the repayment plan in which you are enrolled.
- View your school’s information, including its status as an accredited institution, its accreditation agency and whether it is eligible to receive Title IV funds from the U.S. Department of Education.
- See a history of any changes made to your account since it was opened or transferred from another lender or servicer; this includes adding additional signatures on a married-co-signed loan agreement (for example) or changing repayment plans for consolidation purposes only; these changes do not affect monthly payments at all but may impact how long it will take before all principal has been paid off completely depending on other factors such as interest rates charged annually if applicable etcetera).
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED’s) central database for student aid
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED’s) central database for student aid and educational program eligibility, which includes data on Title IV federal student aid programs, as well as other financial assistance.
By centralizing all federal student aid information in one place, NSLDS makes it easier for students and families to research financial aid options. It also helps ED with compliance monitoring and enforcement efforts by providing the agency with a comprehensive view of Title IV loan repayment performance across schools and programs