NSLDS
Students who apply for any type of federal student aid are quickly introduced to the National Student Loan Data System (NSLDS) and it’s found at nslds.ed.gov. This is the database for student financial aid, hosted by the United Stated Department of Education, and it serves many different purposes, all related to student aid (wether it’s a no cosigner student loan or not). The database is accessible by students, who apply for or receive aid, schools, lenders and guaranty agencies, and many others that are involved in any way with financial aid for students.
From a student’s standpoint, this NSLDS (nslds.ed.gov) database is used to track your financial aid, and everything regarding your financial aid, from the time that you apply for that aid through the time that any student loans are completely paid off. The database is accessible over the Internet, and is always available to those who need to access it. With this NSLDS database, a student can find out the status of their applications for student financial aid, find out balances owed on loans, get a record of disbursements that have been made, and have a record of loan payments that they have made.
Using and accessing the National Student Loan Data System (NSLDS) is actually very easy. As stated, you simply log on to the Internet, open your web browser, and surf to the NSLDS site at nslds.ed.gov. Once you arrive, in order to log on to the system to get your information, you will provide your social security number, the first two letters of your last name, and your birth date. You must also have a PIN number, which must be entered. You can obtain a PIN from www.pin.ed.gov. The information that you enter into this form is absolutely secure, and cannot be seen by others.
Once you’ve entered the database, you will have access to your information, and a glossary of terms, for any terms that you do not understand in that information. The information concerning your financial aid does not come from you. Instead, it is reported to the National Student Loan Data System (NSLDS) by the agency that granted the aid, the agency that guaranteed your student loan, or your school. The information can come from a wide range of sources.
It is important to understand that some information in the NSLDS from nslds.ed.gov may not be current. While information regarding grants is updated daily, information regarding the repayment of your student loans can take up to 120 days to appear in the system. It is also important to understand that while your information is absolutely safe, it is accessed by a number of sources – usually for the purpose of determining how much aid is left available to you. No person or agency that is not authorized to have this information, however, can access it.
Keep in mind some financial aid information is not included, such as scholarship information. The NSLDS only reports on Title IV Loans and Grants. If you ever find that any information regarding your student financial aid is incorrect, you must contact the agency responsible for reporting the information, as the National Student Loan Data System (NSLDS) from nslds.ed.gov cannot change that information.
More questions and answers can be found at NSLDS.
No Cosigner Student Loans and NSLDS from the Federal Government.
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