06/30/2005
OGSLP Implements Total Enrollment Reporting Process (TERP)

OGSLP is excited to announce that it is participating in the National Student Clearinghouse Total Enrollment Reporting Process (TERP). Our participation will benefit our lender and servicer partners in the following ways:

• Channeling enrollment data through a single source, eliminating redundant enrollment reporting from multiple sources and formats.

• Delivering enrollment data faster for schools not participating in the Clearinghouse.

• Eliminating duplicate enrollment records.

• Improving the customer service that lenders and servicers can provide to their borrowers and school customers by having the most accurate enrollment information, reducing the likelihood of premature conversion and processing in-school deferments more timely.

Through its participation in TERP, OGSLP will direct to the Clearinghouse applicable enrollment data that OGSLP receives. This data includes weekly NSLDS enrollment updates and enrollment updates provided directly to OGSLP by schools, including foreign schools.

TERP centralizes enrollment reporting at the Clearinghouse, creating a single, reliable source for student-enrollment information. In turn, the Clearinghouse will collect, check and distribute the enrollment data to participating Clearinghouse lenders and servicers. This eliminates the need for Clearinghouse participants to process the enrollment data historically sent by OGSLP via the Loan Transaction Statement, Common Account Maintenance file or Enrollment Activity Report. Lenders that receive data from OGSLP via tape exchange or electronically (Loan Transaction Statement or CAM) should note that these files may include other data, (for example, borrower demographics) that the lender must continue to consider when servicing OGSLP-guaranteed loans.

Lenders and servicers who receive enrollment updates directly from the Clearinghouse, and process that information, should notify Janice Stepp at OGSLP by email at jstepp@ogslp.org or 405.234.4353, if you wish the current enrollment reports coming directly from OGSLP to cease.

Lenders and servicers may direct questions regarding OGSLPs' participation in TERP by e-mail at mheid@osrhe.edu or by calling Mary Heid at 405.225.9489.

Lenders and servicers that do not currently partner with the Clearinghouse will continue to receive enrollment information from OGSLP through the current process. To learn more about joining the Clearinghouse, visit its Web-site, send e-mail to the Clearinghouse, or call (703) 742-7791.