Transcript Title of Session - P20W Education Standards Council (PESC)

5th Annual Conference
on Technology &
Standards
April 28 – 30, 2008
Hyatt Regency Washington
on Capitol Hill
www.PESC.org
Electronic Data Exchange
Standards in FFELP
Tim Cameron
Project Manager, Meteor
Mark Putman
CTO, NCHELP
5th Annual Conference
on Technology &
Standards
Session Agenda
• Overview of Current Electronic Standards
& some Future State Considerations
• Meteor Update
5th Annual Conference
on Technology &
Standards
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)
5th Annual Conference
on Technology &
Standards
Originations
• CommonLine
– History
– v.4
– v.5
– Common Record CommonLine (CRC)
• Common Account Maintenance (CAM)
5th Annual Conference
on Technology &
Standards
Enrollment
• NSLDS Enrollment
• Total Enrollment Reporting Process
(TERP)
• Replaced paper (SSCR) processes
5th Annual Conference
on Technology &
Standards
Interim Servicing
• Periodic and Event Driven Reporting
– CAM
– NSLDS Lender Manifest
– NSLDS
5th Annual Conference
on Technology &
Standards
Repayment Servicing
• Periodic and Event Driven Reporting
– CAM
– NSLDS Lender Manifest
– NSLDS
5th Annual Conference
on Technology &
Standards
Claim Filing
• CAM
(in support of the Common Claim Initiative)
5th Annual Conference
on Technology &
Standards
Post Default
• NSLDS
• National Database of New Hires (NDNH)
• Assignment
– New 11/1/2007 Regulations
effective 7/1/2008
34 CFR 682.409(c)4(viii)
5th Annual Conference
on Technology &
Standards
April 28 – 30, 2008
Hyatt Regency Washington
on Capitol Hill
www.PESC.org
METEOR
5th Annual Conference
on Technology &
Standards
The Meteor Project Components
• The Meteor Software
• The Meteor Network
• The Meteor Federation
5th Annual Conference
on Technology &
Standards
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.
5th Annual Conference
on Technology &
Standards
In the beginning….
• Foundation Principles
•
•
•
•
Open Source
Open Collaboration
Freely Available
Controlled Participation Network
• Policy and Technology Decisions
5th Annual Conference
on Technology &
Standards
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)
5th Annual Conference
on Technology &
Standards
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
5th Annual Conference
on Technology &
Standards
April 28 – 30, 2008
Hyatt Regency Washington
on Capitol Hill
www.PESC.org
Participant Types &
Meteor Process Flow
5th Annual Conference
on Technology &
Standards
Meteor Participants
• Organizations that implement the Meteor
software
– Access Providers (AP)
– Authentication Agents (AA)
– Data Providers (DP)
– Index Providers (IP)
5th Annual Conference
on Technology &
Standards
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
5th Annual Conference
on Technology &
The
Standards
Users
Authentication
(by AP or AA)
Meteor Process
Access
Provider
One
Student/Borrower
or
Financial Aid
Professional
or
Access Provider
Representative
or
Lender
Data Providers
Two
Index
Provider
Three
5th Annual Conference
on Technology &
Meteor
Standards
Access Providers
AES
www.aesSuccess.org
Montana Guaranteed Student Loan Program
www.mgslp.state.mt.us
CSLF
www.cslf.org/enroute
National Student Clearinghouse
www.nationalstuedntclearinghouse.org
Florida OSFA
www.fldoe.org
NELA
www.educationassistance.net
Great Lakes
www.mygreatlakes.com
New Hampshire
www.nhheaf.org
Illinois Student Assistance
www.collegezone.com
Rhode Island
www.riheaa.org
Kentucky
www.kheaa.org
Sallie Mae
www.salliemae.com/school/index.html
Mapping Your Future
www.mapping-your-future.org
United Student Aid Funds
http://portal.usafunds.org
5th Annual Conference
on Technology &
Standards
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 Assistance—OSFA
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
5th Annual Conference
on Technology &
Standards
April 28 – 30, 2008
Hyatt Regency Washington
on Capitol Hill
www.PESC.org
Meteor Authentication
Objectives & Process
5th Annual Conference
on Technology &
Standards
Meteor’s 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-LeachBliley Act (GLBA), federal guidelines, and
applicable state privacy laws.
5th Annual Conference
on Technology &
Standards
Meteor’s 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.
5th Annual Conference
on Technology &
Standards
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
5th Annual Conference
on Technology &
Standards
Meteor’s 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
5th Annual Conference
on Technology &
Standards
April 28 – 30, 2008
Hyatt Regency Washington
on Capitol Hill
www.PESC.org
Campus Based Authentication
5th Annual Conference
on Technology &
Standards
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 school’s authentication
policies & procedures
– Students campus issued credentials will be
utilized to access Meteor and other NSC
services
5th Annual Conference
on Technology &
Standards
April 28 – 30, 2008
Hyatt Regency Washington
on Capitol Hill
www.PESC.org
Meteor v3.3 &
Software Customization
5th Annual Conference
on Technology &
Standards
Highlights of Version 3.3
• New security features
• Usability and other navigation
improvements
• Restores NSC LoanLocator services for
borrowers
5th Annual Conference
on Technology &
Standards
5th Annual Conference
on Technology &
Standards
April 28 – 30, 2008
Hyatt Regency Washington
on Capitol Hill
www.PESC.org
Meteor Customization
5th Annual Conference
on Technology &
Standards
Meteor Customization
• Style sheet changes
• Integration of data into other online
services
5th Annual Conference
on Technology &
Standards
Meteor
network data
is presented
in NELA
branded style
sheets
5th Annual Conference
on Technology &
Standards
Mapping Your Future’s
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
5th Annual Conference
on Technology &
Standards
5th Annual Conference
on Technology &
Standards
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
5th Annual Conference
on Technology &
Standards
5th Annual Conference
on Technology &
Standards
Other Customization Options
• How Could You Use Meteor Data?
– Integration into Debt Management Solutions
– Integration into CSR/Call Center Solutions
• What’s the Catch?
– Need prior approval from M.A.T.
– Need to implement Meteor Access Provider
5th Annual Conference
on Technology &
Standards
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
5th Annual Conference
on Technology &
Standards
For More Information….
• www.MeteorNetwork.org
– Audio presentation
– Interactive demonstration version of the
software
– Link to the Meteor project site
5th Annual Conference
on Technology &
Standards
Tim Cameron
Project Manager, Meteor
• (954) 565-7229
[email protected]
Mark Putman
CTO, NCHELP
• (913) 724-6655
[email protected]
Thank You!