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The National Student Clearinghouse, a non-profit organization founded by the higher education community, streamlines the student record verification process for colleges and universities, students and alumni, lending institutions, employers, and other organizations. The Clearinghouse maintains a comprehensive electronic registry of student records that provides a single, automated point-of-contact for organizations and individuals requiring timely, accurate verification of student enrollment, degree, and loan data. More than 2,700 colleges, representing 91% of the nation's enrollment, participate in the Clearinghouse.
Student enrollment status reporting is an important part of student loan servicing since lenders and/or servicers rely on this information to properly track the status of borrowers’ enrollment when servicing Federal Family Education Loan Program (FFELP) loans. In an effort to streamline the enrollment reporting process, the National Student Clearinghouse (The Clearinghouse) has enhanced enrollment reporting. ISAC is pleased to be the first guarantor to participate in this enhanced process known as the Total Enrollment Reporting Process (TERP). Participating in the Clearinghouse provides school officials with access to the following full range of services:
- Core Service Provides enrollment verifications and deferments for financial aid students to lending organizations and NSLDS.
- DegreeVerify Frees registrar staff from manually verifying degrees for graduates to employers, background search firms, and recruiters.
- EnrollmentVerify Enables school staff to fully outsource requests for enrollment verifications using data already provided to the Clearinghouse.
- Student Tracker Allows access to the Clearinghouse database of more than 80 million current and former students to improve the college's educational research results and recruiting efforts.
- Student Self-Service Allows students to print enrollment certificates and view their enrollment histories and verifications via the Web.
For more information, contact us at 703.742.7791 or service@studentclearinghouse.org.
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