OCAP Legislative Update

Legislative Updates, December 2011

Federally-Owned Loan Transfer Initiatives for December 2011

On Dec. 7, the Department of Education (ED) announced it will continue its transfer initiatives to enhance the efficiency of borrower services by its loan servicers. During December, ED will implement the following initiatives:

For more information about these transfer initiatives and a brief Q&A provided by ED, see ED's e-nnouncement

Public Comment on NSLDS Enrollment and Gainful Employment Reporting Data Standards

On Dec. 2, ED announced a Public Comment Period for NSLDS Enrollment and Gainful Employment Reporting Data Standards. ED is working to provide XML as an NSLDS reporting option for exchanging enrollment and gainful employment data with ED. ED is working with the Postsecondary Electronic Standards Council (PESC) to develop these standards. You may review the information on the PESC website.

All comments should follow the format outlined on the PESC website and be sent to PESC's President and CEO, Michael Sessa, at Michael.Sessa@PESC.org.

If you have questions about using NSLDS to report enrollment or gainful employment information, contact the NSLDS Customer Support Center at 800.999.8219 or nslds@ed.gov.

If you have a policy or compliance question regarding these updates or another Title IV issue, please contact our Policy, Compliance and Training Department at 405.234.4432 or pct@ocap.org. We're here to help!

OCAP Communications
P.O. Box 3000
Oklahoma City, OK 73101-3000