Title of Session

1
Electronic Data Exchange Standards in FFELP Tim
Cameron Project Manager, Meteor Mark Putman CTO,
NCHELP
2
Session Agenda

• Overview of Current Electronic Standards some
  Future State Considerations
• Meteor Update

3
Current Student Loan Data Exchange Standards
Originations Interim Servicing Repayment Claim Filing Post Default
FFELP School to Originator CommonLine Originator/Lender to Guarantor CAM Enrollment NSLDS, TERP Lender to GA Status CAM NSLDS LM GA to ED Status NSLDS Lender to GA CAM NSLDS LM GA to ED NSLDS Lender to GA CAM NSLDS Assignment NDNH
Private Education Loan School to originator CommonLine (Proprietary) (Proprietary) (Proprietary) (Proprietary)
4
Originations

• CommonLine
• History
• v.4
• v.5
• Common Record CommonLine (CRC)
• Common Account Maintenance (CAM)

5
Enrollment

• NSLDS Enrollment
• Total Enrollment Reporting Process (TERP)
• Replaced paper (SSCR) processes

6
Interim Servicing

• Periodic and Event Driven Reporting
• CAM
• NSLDS Lender Manifest
• NSLDS

7
Repayment Servicing

• Periodic and Event Driven Reporting
• CAM
• NSLDS Lender Manifest
• NSLDS

8
Claim Filing

• CAM (in support of the Common Claim Initiative)

9
Post Default

• NSLDS
• National Database of New Hires (NDNH)
• Assignment
• New 11/1/2007 Regulationseffective 7/1/200834
  CFR 682.409(c)4(viii)

10
METEOR
11
The Meteor Project Components

• The Meteor Software
• The Meteor Network
• The Meteor Federation

12
In the beginning.

• Pre-Meteor Environment
• Lenders, Guarantors, Servicers, Schools and
  others all offer independent web services
• Access requires multiple logins
• FFELP Providers Solution
• Spring 2000 In response to Federal
  Modernization Blueprint, NCHELP members move to
  create an information network to provide
  aggregated financial aid information.

13
In the beginning.

• Foundation Principles
• Open Source
• Open Collaboration
• Freely Available
• Controlled Participation Network
• Policy and Technology Decisions

14
Meteor Features

• Access real-time, student-specific financial aid
  information from multiple sources with an
  intuitive user interface and navigation
• Currently provides information on FFELP and
  alternative loans (capability exists to include
  Direct Loans Perkins Loans)

15
Meteor Today

• 14 Points of access to the Network
• 20 Data providers
• Several customized implementations
• Leading the way for transitive trust in higher
  education financing

16
Participant Types Meteor Process Flow
17
Meteor Participants

• Organizations that implement the Meteor software
• Access Providers (AP)
• Authentication Agents (AA)
• Data Providers (DP)
• Index Providers (IP)

18
The NSC as the Meteor Index Provider

• 100 (over 25 million) of FFELP guarantee volume
• 100 (over 6.5 million) of Direct Loan Program
  accounts
• Over 19.2 million FFELP servicer accounts
• Over 2.9 million Perkins/Private/Alternative Loan
  servicer accounts

19
The Meteor Process
Access Provider
Authentication (by AP or AA)
Data Providers
Users
One
Student/Borrower or Financial Aid Professional
orAccess Provider RepresentativeorLender
Two
Index Provider
Three
20
Meteor Access Providers
AESwww.aesSuccess.org Montana Guaranteed Student Loan Programwww.mgslp.state.mt.us
CSLFwww.cslf.org/enroute National Student Clearinghousewww.nationalstuedntclearinghouse.org
Florida OSFAwww.fldoe.org NELAwww.educationassistance.net
Great Lakes www.mygreatlakes.com New Hampshirewww.nhheaf.org
Illinois Student Assistancewww.collegezone.com Rhode Islandwww.riheaa.org
Kentucky www.kheaa.org Sallie Maewww.salliemae.com/school/index.html
Mapping Your Futurewww.mapping-your-future.org United Student Aid Fundshttp//portal.usafunds.org

21
Meteor Real Time Data Providers
AES/PHEAA Montana Guaranteed Student Loan Program
Connecticut Student Loan Foundation National Student Loan Program
Education Assistance Corporation NELA
Finance Authority of Maine New Hampshire Higher Education Assistance Foundation
Florida Office of Financial AssistanceOSFA New York State Higher Education Services Corporation
Georgia Higher Education Assistance Corp. Oklahoma State Regents for Higher Education
Great Lakes Educational Loan Services, Inc Rhode Island Higher Education Assistance Authority
Kentucky Higher Education Assistance Authority Sallie Mae
Louisiana Office of Student Financial Assistance Student Loan Guarantee Foundation of Arkansas
Michigan Higher Education Assistance Authority Student Loans of North Dakota
USA Funds


22
Meteor Authentication Objectives Process
23
Meteors Authentication Objectives

• Provide a flexible, easy to implement
  authentication system that meets the needs of the
  provider organizations and their customers.
• Ensure compliance with the Gramm-Leach-Bliley Act
  (GLBA), federal guidelines, and applicable state
  privacy laws.

24
Meteors Authentication Objectives

• Assure data owners that only appropriately
  authenticated end users have access to data.
• Ensure compliance to participant organizations
  internal security and privacy guidelines.

25
The Meteor Registry

• Each participant is required to register, sign a
  participation agreement, and submit policies and
  procedures surrounding their authentication
  process.
• The Meteor Team Leads review the policies and
  procedures and assign a Level of Assurance
• Meteor uses a centralized LDAP server to contain
• Public keys of all participants
• Network status information (active, pending,
  suspended)
• Contact Information

26
Meteors Authentication Requirements

• Access provider must ensure appropriate
  authentication for each end user and provide
  traceability back to that user
• Access provider must provide central authority
  with 30 day advance notice of changes to
  authentication policy
• Access provider must agree to appropriate use of
  data

27
Campus Based Authentication
28
The National Student Clearinghouse School Based
Authentication

• Schools that have entered into an electronic
  services agreement with the NSC will act as
  Authentication Agents.
• NSC will review the schools authentication
  policies procedures
• Students campus issued credentials will be
  utilized to access Meteor and other NSC services

29
Meteor v3.3 Software Customization
30
Highlights of Version 3.3

• New security features
• Usability and other navigation improvements
• Restores NSC LoanLocator services for borrowers

31
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32
Meteor Customization
33
Meteor Customization

• Style sheet changes
• Integration of data into other online services

34
Meteor network data is presented in NELA branded
style sheets
35
Mapping Your Futures Online Student Loan
Counseling

• Integration of real-time data
• Advice on borrowing conservatively and
  maintaining debt
• Debt/salary wizard
• Optional budget calculator
• School customization options

36
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37
USA Funds Exit Counseling

• Using the XML data provided in a Meteor inquiry
  response, USA Funds populates their exit
  counseling loan screens with real-time data from
  the Meteor Network

38
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39
Other Customization Options

• How Could You Use Meteor Data?
• Integration into Debt Management Solutions
• Integration into CSR/Call Center Solutions
• Whats the Catch?
• Need prior approval from M.A.T.
• Need to implement Meteor Access Provider

40
Online Award Letter Pilot

• Will serve as a debt management tool
• Borrowing history presented BEFORE a new award is
  accepted
• Ensures that borrower is aware of the potential
  impact of increasing his aggregate loan(s) amount
• Total current outstanding
• New total outstanding with the addition of the
  new loan
• Repayment scenarios based on aggregates

41
For More Information.

• www.MeteorNetwork.org
• Audio presentation
• Interactive demonstration version of the software
• Link to the Meteor project site

42
Thank You!

• Tim Cameron
• Project Manager, Meteor
• [phone]meteor_at_nchelp.org
• Mark Putman
• CTO, NCHELP
• [phone]mputman_at_nchelp.org