How does Enrollment Reporting work?
Once your institution signs our participation agreement, the Clearinghouse becomes your agent for confirming the enrollment status of your student financial aid recipients. Periodically, you need to report the enrollment status for all your students to the Clearinghouse via secure FTP. The Clearinghouse, in turn, provides status and deferment information, on your behalf, to guaranty agencies, lenders, servicers, and the Department of Education’s NSLDS (National Student Loan Data System).
The Clearinghouse process identifies borrowers who:
- Withdraw from school and need to begin repayment
- Transfer from one school to another
- Return to school and may be eligible for a deferment
- Continue in school and are eligible for deferment extension