NMU's Compliance Database - Northern Michigan University
HEOA - National Student Loan Data System (NSLDS)
| Reviewed By | Internal Auditor Owner |
| URL: | nmu.edu/financialaid/DirectLoans |
| Regulation Reference Cite | Public Law No. 110-315 section 489 |
| Report Due Date (Actual) | N/A |
| Level | Requirement |
| Oversight Unit | FINANCIAL AID |
| Person Responsible | Michael Rotundo |
| Secondary Person Responsible | Shawn Olson |
| President / VP Level | Finance |
| Description |
Institutions that enter into an agreement with a potential student, student, or parent of a student regarding a Title IV, HEA loan are required to inform the student or parent that the loan will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. |
| Contacts and Data Sources |
| Mike Rotundo and Shawn Olson |
| Internal Notes |
| This compliance item has notes that are available internally to the oversight unit. Please contact the Risk Management Department for more information |