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Description: Tags: GA200405v2

The United States Department of Education is reminding guaranty agencies to inform lender servicers that when reporting detailed loan information to the National Student Loan Data System, they must include both their Lender Code and Code for Servicer. This will ensure loans are properly tracked and self-serviced loans are distinguished from loans serviced for other lenders. If a lender servicer is no longer servicing a loan, they should report all zeros in the Code for Servicer and Date of Servicer Responsibility fields. Guaranty agencies are directed to refer to the Guaranty Agency Data Provider Instructions on the Information for Financial Aid Professionals website for more details.

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29 views

Description: Tags: GA200405v2

The United States Department of Education is reminding guaranty agencies to inform lender servicers that when reporting detailed loan information to the National Student Loan Data System, they must include both their Lender Code and Code for Servicer. This will ensure loans are properly tracked and self-serviced loans are distinguished from loans serviced for other lenders. If a lender servicer is no longer servicing a loan, they should report all zeros in the Code for Servicer and Date of Servicer Responsibility fields. Guaranty agencies are directed to refer to the Guaranty Agency Data Provider Instructions on the Information for Financial Aid Professionals website for more details.

Uploaded by

anon-789328
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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United States Department of Education

Office of Federal Student Aid


National Student Loan Data System

Code for Servicer


Technical Update GA–2004–05

April 19, 2004

This information is intended for the person in your organization who is responsible for working
with NSLDS. If that person is not you, please forward this update to the appropriate person.

Code for Servicer


The U.S. Department of Education would like Guaranty Agencies to remind lender servicers who
service their own loans that they must report both their Lender Code and Code for Servicer when
they report detailed loan information to the National Student Loan Data System (NSLDS). This
will ensure proper tracking of loans and to distinguish self-serviced loans from loans serviced for
other lenders.

If the lender servicer no longer services a loan, they should report all zeros in both the Code for
Servicer and the Date of Servicer Responsibility fields.

The corresponding field definition from the Guaranty Agency Data Provider Instructions (GA
DPI) is attached. For detailed data provider instructions, refer to the GA DPI posted on the
Information for Financial Aid Professionals (IFAP) Web site at http://ifap.ed.gov.

If you have any questions, please contact the NSLDS Customer Service Center at
(800) 999-8219 or e-mail [email protected].

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