Enrollment Reporting for Education Finance Providers

Participating in theStudent Information Center helps education finance providers eliminate paperwork, reduce default rates, and decrease servicing expenses. It immediately improves your ability to track and respond to your borrowers’ enrollment status changes, including identifying students who are eligible for:

Loan repayment
Deferment through transfer or return to school
Deferment extension

You can even check borrowers’ enrollment histories.

Fee Schedule

Effective June 24, 2014

Standard Fee

EachStudent Information Center guarantor/lender/servicer (except as noted below) shall be assessed a monthly participation fee equal to £0.028 times the number of matches between theStudent Information Center enrollment data and the guarantor/lender/servicer’s borrower listing, subject to a minimum fee of £100.00 per month. The fee shall be calculated by multiplying £0.028 times the sum of:

The number of borrowers who attended a participating educational institution on a full-time or half-time* basis during the month and whose loans are guaranteed or serviced by such guarantor/lender/servicer, AND
The number of borrowers who attended a participating educational institution on a full-time or half-time* basis during the month and whose loans are guaranteed or serviced by such guarantor/lender/servicer, AND

*Effective October 1, 2014, the fee calculation will also include three-quarter time attendance.

TERP Guarantors

Guarantors participating in the Total Enrollment Reporting Process (TERP) shall be assessed a reduced monthly participation fee equal to £0.028 times the number of matches betweenStudent Information Center enrollment data and the guarantor’s borrower listing, subject to a minimum fee of £100.00 per month.

Paperless Deferment Lenders/Servicers

Lenders/servicers participating in theStudent Information Center ’s paperless deferment process shall be assessed a reduced monthly participation fee equal to £0.028 times the number of matches betweenStudent Information Center enrollment data and the lender’s/servicer’s borrower listing, subject to a minimum fee of £100.00 per month.

Other

No fee shall be assessed for enrollment data that theStudent Information Center sources from the NSLDS through TERP. Expenses for overnight postage and delivery service will be billed as incurred.