Unreported Loans Report Distributed - Responses Due on or before January 31, 2017
The Illinois Student Assistance Commission (ISAC) distributed the National Student Loan Data System (NSLDS®) Lender Manifest Report of Unreported Loans (Unreported Loans Report), including a cover letter with helpful reminders, on November 28, 2016. Responses are due on or before Tuesday, January 31, 2017. We provide this report to lenders and servicers twice a year, in order to assist in determining whether all loans that appear in a loan portfolio have been reported to ISAC.
While the majority of lenders and servicers receive the Unreported Loans Report electronically via the File Transfer Protocol (FTP) process, those who have not taken the steps necessary to exchange NSLDS-Lender Manifest data via FTP receive the reports via fax.
The Unreported Loans Report lists the following:
- open loans that have not been updated via Lender Manifest (this could be due to the inability to match incoming loan records to information on ISAC's database, or due to errors causing the record to reject); and
- any loan with an open loan status that does not reflect an update within the past 180 days.
Please take the time to review the loans listed and make the necessary data corrections by January 31, so that these loans can be successfully reported on your next monthly Lender Manifest submission.
You are receiving this message because you registered for ISAC's e-Messaging service through one or more subscription groups for Lenders.
If you have any questions regarding this e-Message, please contact ISAC's Lender Services Department by calling toll free at 800.477.4411 or sending an e-mail message to firstname.lastname@example.org.