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Latest From FSA: Importance of Accurate Direct Loan and Enrollment Reporting to Prevent Loss of Subsidy

October 2, 2015

In July, FSA announced that the National Student Loan Data System (NSLDS) had begun notifying the federal loan servicers of borrowers who have lost eligibility for the interest subsidy on their existing Direct Subsidized Loans.

FSA is now emphasizing the importance of accurately reporting a borrower’s Direct Loan (Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans) information to the Common Origination and Disbursement (COD) System and enrollment information to NSLDS.

Without accurate reporting, a borrower may lose the interest subsidy on his or her Direct Subsidized Loans. In addition, schools may be subject to sanctions.

FSA is reminding schools of key information that must be verified and reported.

See FSA’s full announcement for more information.

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