PESC has announced an update to its Student Loan Portfolio Detail Report Standard. The data standard aims to help schools manage work related to default prevention, gainful employment, default calculations and student loan repayment.
The Student Loan Portfolio Detail Report Standard provides a single data filing and reporting format intended to better support the efforts of various parties in the student loan community. Version 2.0 includes enhanced data elements.
PESC works to encourage efficient and secure real-time exchange of student data. Brian Allison, USA Funds® vice president of product development, is a member of the PESC board and co-chaired the workgroup that developed the standard.
View the updated data standard’s implementation guide.
Schools are encouraged to contact their federal loan servicers that have not adopted the standard to request that they do so.