NSLDS Transfer Student Monitoring
The National Student Loan Data System (NSLDS) is the national database of information about loans and grants awarded to students under Title IV of the Higher Education Act (HEA) of 1965. NSLDS provides a centralized, integrated view of Title IV loans and grants during their complete life cycle, from aid approval through disbursement, repayment, delinquency and closure.
Financial Aid Transcripts (FATS) were previously collected by schools to receive financial aid information. As of July 1, 2001, financial aid offices were no longer required to collect FATS. However, we are required to monitor transfer students through the NSLDS database. Once we post a student to the monitoring list, we must wait eight days until we can disburse (provided that all other requirements are met). This process must be done even if you did not receive financial aid at any other school. There is no action needed by you (the student) during this process.
You are not eligible to receive any federal student aid until this process is completed.