Compliance
Maintain compliance while automating your enrollment and deferment reporting.
The Clearinghouse makes compliance simple. We provide institutions with free access to easy-to-use services that facilitate compliance with FERPA, the Higher Education Act, and other applicable laws, and centralize enrollment reporting and deferment processing for education finance providers. We also act quickly to minimize your workload when compliance needs change. Compliance services include Enrollment Reporting and Total Enrollment Reporting Process (TERP).
Compliance
Maintain compliance while automating your enrollment and deferment reporting.
The Clearinghouse makes compliance simple. We provide institutions with free access to easy-to-use services that facilitate compliance with FERPA, the Higher Education Act, and other applicable laws, and centralize enrollment reporting and deferment processing for education finance providers. We also act quickly to minimize your workload when compliance needs change. Compliance services include Enrollment Reporting and Total Enrollment Reporting Process (TERP).
Visit Compliance Central:
User resources for Enrollment Reporting
Visit Compliance Central: User resources for Enrollment Reporting
Free to schools
There’s no cost for institutions to participate in the Clearinghouse’s Enrollment Reporting service or to use our compliance resources, including receiving assistance from our Audit Resource Center’s operational experts.
Stay in compliance
The Clearinghouse stays current with the latest compliance requirements. We update our processes as needed and keep our participating schools informed. We also offer free access to best practices, audit support, and training via Compliance Central to help you stay compliant.
Reduce workload
Once your school reports your students’ enrollment status to the Clearinghouse, we report it, on your behalf, to guaranty agencies, lenders, servicers, and the National Student Loan Data System (NSLDS). Our secure and centralized process reduces the administrative burden on both schools and education finance providers.
Save time & money
The Clearinghouse enables you to automate your school’s federally required enrollment reporting, decreasing the costs of compliance reporting and freeing your staff for other work.
We also save time and money for education finance providers by enabling them to exchange data with a single trusted entity instead of multiple institutions.
How Your Learners Benefit
Automating enrollment and deferment reporting through the Clearinghouse’s Enrollment Reporting helps keep your eligible students in deferment and decreases loan delinquency and default rates. It eliminates the work of manual student loan-based verifications and deferment reporting while improving the service you provide to your students.
Captures All Students, Improves Accuracy
The Clearinghouse reports both federal and private aid recipients to ensure students are not overlooked. We identify and add students who would otherwise be missed by NSLDS. Each year, our work eliminates the need for millions of deferment forms. In addition, all school data submitted to us goes through our data pre-check; through this process, we find and fix an average of 168 errors per 1,000 records, preventing those from becoming NSLDS errors.
MILLION
Deferment forms eliminated annually
MILLION
Errors resolved annually
MILLION
Students missing from NSLDS reporting added annually
For colleges & universities
Enrollment Reporting
The Clearinghouse’s Enrollment Reporting service is an easy way for you to offload the burden of providing status information on student financial aid recipients to the education finance industry and the Department of Education (ED). Smaller institutions (fewer than 100 students) can opt to use the Clearinghouse Online Reporting Application (CORA), which enables schools with limited technical resources to participate in basic services.
For education finance providers
Total Enrollment Reporting Process
Participating in the Clearinghouse’s Total Enrollment Reporting Process (TERP) helps education finance providers eliminate paperwork, reduce default rates, and decrease servicing expenses. It also immediately improves your ability to track and respond to your borrowers’ enrollment status changes.
Features You’ll Love
Enrollment Reporting
For Colleges & Universities
- Secure electronic data exchanges with participating guaranty agencies, lenders, and servicers
- Automatic processing of all NSLDS Student Status Confirmation Reports (SSCR)
- Processing of all FFEL and Direct loan paper-based deferment and enrollment verification forms
- Convenient online management tools
- Audit trail of all Clearinghouse verifications
- Alignments with the latest Department of Education guidance
- Student enrollment histories (as reported to the Clearinghouse)
- Ability to add DegreeVerify℠ and EnrollmentVerify℠ to your service — for free
Total Enrollment Reporting Process (TERP)
For Education Finance Providers
- Centralized enrollment reporting, letting you exchange data with a single entity instead of multiple institutions
- Speedy conversion of “withdrawn” to “repayment” status for students
- More accurate and timely deferment processing
- Elimination of paper deferment forms
- Reduction of delinquency contact and collection expenses
- Reduced default rates
Compliance Central
Your One-Stop Compliance Resource
Compliance Central provides you with the convenience of a one-stop compliance resource. All our compliance and Enrollment Reporting resources, including tutorials, on-demand webinars, and more, are at your fingertips. Our searchable knowledge base helps you quickly find the information you need. Plus, you can subscribe to Compliance Central to get updates on the latest compliance-related information.
Audit Resource Center: One-on-one help from Clearinghouse compliance experts. Our experts assist more than 1,500 schools each year. We’ll work with you and your auditors to explain issues and provide documentation to reduce or eliminate negative audit findings.
Clearinghouse Academy: Live events, webinars, and tutorials for the Clearinghouse’s Enrollment Reporting and other education services.
Compliance Central
Your One-Stop Compliance Resource
Compliance Central provides you with the convenience of a one-stop compliance resource. All our compliance and Enrollment Reporting resources, including tutorials, on-demand webinars, and more, are at your fingertips. Our searchable knowledge base helps you quickly find the information you need. Plus, you can subscribe to Compliance Central to get updates on the latest compliance-related information.
Audit Resource Center: One-on-one help from Clearinghouse compliance experts. Our experts assist more than 1,500 schools each year. We’ll work with you and your auditors to explain issues and provide documentation to reduce or eliminate negative audit findings.
Clearinghouse Academy: Live events, webinars, and tutorials for the Clearinghouse’s Enrollment Reporting and other education services.
“The Clearinghouse is our partner — we give them the records in a secure and safe way, and then they’re acting on our behalf to forward those records to the NSLDS. That’s just really not only valuable to us but gives us the confidence that we are remaining in compliance.”
Our Commitment to Data Security and Privacy
All Clearinghouse services facilitate compliance with the Family Educational Rights and Privacy Act (FERPA), The Higher Education Act, and other applicable laws. The Clearinghouse also respects all participating institutions’ policies concerning the release of student data to third parties.
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