 
      CHAPTER 28--HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
 
                    SUBCHAPTER IV--STUDENT ASSISTANCE
 
   Part F--General Provisions Relating to Student Assistance Programs
 
Sec. 1092b. National Student Loan Data System


(a) Development of System

    The Secretary shall consult with a representative group of guaranty 
agencies, eligible lenders, and eligible institutions to develop a 
mutually agreeable proposal for the establishment of a National Student 
Loan Data System containing information regarding loans made, insured, 
or guaranteed under part B of this subchapter and loans made under parts 
C and D of this subchapter, and for allowing the electronic exchange of 
data between program participants and the system. In establishing such 
data system, the Secretary shall place a priority on providing for the 
monitoring of enrollment, student status, information about current loan 
holders and servicers, and internship and residency information. Such 
data system shall also permit borrowers to use the system to identify 
the current loan holders and servicers of such borrower's loan not later 
than one year after October 7, 1998. The information in the data system 
shall include (but is not limited to)--
        (1) the amount and type of each such loan made;
        (2) the names and social security numbers of the borrowers;
        (3) the guaranty agency responsible for the guarantee of the 
    loan;
        (4) the institution of higher education or organization 
    responsible for loans made under parts C and D of this subchapter;
        (5) \1\ the exact amount of loans partially or totally canceled 
    or in deferment for service under the Peace Corps Act (22 U.S.C. 
    2501 et seq.)),\2\ for service under the Domestic Volunteer Service 
    Act of 1973 [42 U.S.C. 4950 et seq.], and for comparable full-time 
    service as a volunteer for a tax-exempt organization of demonstrated 
    effectiveness.\3\
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    \1\ So in original. Two pars. (5) have been enacted.
    \2\ So in original.
    \3\ So in original. The period probably should be a semicolon.
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        (5) \1\ the eligible institution in which the student was 
    enrolled or accepted for enrollment at the time the loan was made, 
    and any additional institutions attended by the borrower;
        (6) the total amount of loans made to any borrower and the 
    remaining balance of the loans;
        (7) the lender, holder, and servicer of such loans;
        (8) information concerning the date of any default on the loan 
    and the collection of the loan, including any information concerning 
    the repayment status of any defaulted loan on which the Secretary 
    has made a payment pursuant to section 1080(a) of this title or the 
    guaranty agency has made a payment to the previous holder of the 
    loan;
        (9) information regarding any deferments or forbearance granted 
    on such loans; and
        (10) the date of cancellation of the note upon completion of 
    repayment by the borrower of the loan or payment by the Secretary 
    pursuant to section 1087 of this title.

(b) Additional information

    For the purposes of research and policy analysis, the proposal shall 
also contain provisions for obtaining additional data concerning the 
characteristics of borrowers and the extent of student loan indebtedness 
on a statistically valid sample of borrowers under part B of this 
subchapter. Such data shall include--
        (1) information concerning the income level of the borrower and 
    his family and the extent of the borrower's need for student 
    financial assistance, including loans;
        (2) information concerning the type of institution attended by 
    the borrower and the year of the program of education for which the 
    loan was obtained;
        (3) information concerning other student financial assistance 
    received by the borrower; and
        (4) information concerning Federal costs associated with the 
    student loan program under part B of this subchapter, including the 
    costs of interest subsidies, special allowance payments, and other 
    subsidies.

(c) Verification

    The Secretary may require lenders, guaranty agencies, or 
institutions of higher education to verify information or obtain 
eligibility or other information through the National Student Loan Data 
System prior to making, guaranteeing, or certifying a loan made under 
part B, C, or D of this subchapter.

(d) Omitted

(e) Standardization of data reporting

                           (1) In general

        The Secretary shall by regulation prescribe standards and 
    procedures (including relevant definitions) that require all lenders 
    and guaranty agencies to report information on all aspects of loans 
    made under this subchapter and part C of subchapter I of chapter 34 
    of title 42 in uniform formats in order to permit the direct 
    comparison of data submitted by individual lenders, servicers or 
    guaranty agencies.

                           (2) Activities

        For the purpose of establishing standards under this section, 
    the Secretary shall--
            (A) consult with guaranty agencies, lenders, institutions of 
        higher education, and organizations representing the groups 
        described in paragraph (1);
            (B) develop standards designed to be implemented by all 
        guaranty agencies and lenders with minimum modifications to 
        existing data processing hardware and software; and
            (C) publish the specifications selected to be used to 
        encourage the automation of exchanges of information between all 
        parties involved in loans under this subchapter and part C of 
        subchapter I of chapter 34 of title 42.

(f) Common identifiers

    The Secretary shall, not later than July 1, 1993--
        (1) revise the codes used to identify institutions and students 
    in the student loan data system authorized by this section to make 
    such codes consistent with the codes used in each database used by 
    the Department of Education that contains information of 
    participation in programs under this subchapter and part C of 
    subchapter I of chapter 34 of title 42; and
        (2) modify the design or operation of the system authorized by 
    this section to ensure that data relating to any institution is 
    readily accessible and can be used in a form compatible with the 
    integrated postsecondary education data system (IPEDS).

(g) Integration of databases

    The Secretary shall integrate the National Student Loan Data System 
with the Pell Grant applicant and recipient databases as of January 1, 
1994, and any other databases containing information on participation in 
programs under this subchapter and part C of subchapter I of chapter 34 
of title 42.

(Pub. L. 89-329, title IV, Sec. 485B, as added Pub. L. 99-498, title IV, 
Sec. 407(a), Oct. 17, 1986, 100 Stat. 1486; amended Pub. L. 100-50, 
Sec. 15(13), June 3, 1987, 101 Stat. 357; Pub. L. 101-239, title II, 
Sec. 2008, Dec. 19, 1989, 103 Stat. 2121; Pub. L. 101-610, title II, 
Sec. 204, Nov. 16, 1990, 104 Stat. 3172; Pub. L. 102-325, title IV, 
Sec. 487, July 23, 1992, 106 Stat. 623; Pub. L. 103-208, Sec. 2(h)(38)-
(41), Dec. 20, 1993, 107 Stat. 2478; Pub. L. 105-244, title IV, 
Sec. 487, Oct. 7, 1998, 112 Stat. 1746.)

                       References in Text

    The Peace Corps Act, referred to in subsec. (a)(5), is Pub. L. 87-
293, Sept. 22, 1961, 75 Stat. 612, as amended, which is classified 
principally to chapter 34 (Sec. 2501 et seq.) of Title 22, Foreign 
Relations and Intercourse. For complete classification of this Act to 
the Code, see Short Title note set out under section 2501 of Title 22 
and Tables.
    The Domestic Volunteer Service Act of 1973, referred to in subsec. 
(a)(5), is Pub. L. 93-113, Oct. 1, 1973, 87 Stat. 394, as amended, which 
is classified principally to chapter 66 (Sec. 4950 et seq.) of Title 42, 
The Public Health and Welfare. For complete classification of this Act 
to the Code, see Short Title note set out under section 4950 of Title 42 
and Tables.

                          Codification

    Subsec. (d) of this section, which required the Secretary to prepare 
and submit to appropriate committees of Congress, in each fiscal year, a 
report describing the results obtained by the establishment and 
operation of the student loan data system authorized by this section, 
terminated, effective May 15, 2000, pursuant to section 3003 of Pub. L. 
104-66, as amended, set out as a note under section 1113 of Title 31, 
Money and Finance. See, also, page 80 of House Document No. 103-7.


                               Amendments

    1998--Subsec. (a). Pub. L. 105-244 inserted ``not later than one 
year after October 7, 1998'' before period at end of third sentence.
    1993--Subsec. (a). Pub. L. 103-208, Sec. 2(h)(38), substituted 
``parts C and D of this subchapter'' for ``part D of this subchapter'' 
and struck out second period at end of third sentence.
    Subsec. (a)(4). Pub. L. 103-208, Sec. 2(h)(39), substituted ``parts 
C and D of this subchapter'' for ``part D of this subchapter''.
    Subsec. (c). Pub. L. 103-208, Sec. 2(h)(40), substituted ``part B, 
C, or D of this subchapter'' for ``part B or part D of this 
subchapter''.
    Subsec. (e)(1), (2)(C). Pub. L. 103-208, Sec. 2(h)(41), substituted 
``under this subchapter and part C of subchapter I of chapter 34 of 
title 42'' for ``under this part''.
    1992--Subsec. (a). Pub. L. 102-325, Sec. 487(a), inserted ``, and 
for allowing the electronic exchange of data between program 
participants and the system. In establishing such data system, the 
Secretary shall place a priority on providing for the monitoring of 
enrollment, student status, information about current loan holders and 
servicers, and internship and residency information. Such data system 
shall also permit borrowers to use the system to identify the current 
loan holders and servicers of such borrower's loan.'' after ``part D of 
this subchapter''.
    Subsecs. (e) to (g). Pub. L. 102-325, Sec. 487(b), added subsecs. 
(e) to (g).
    1990--Subsec. (a)(5). Pub. L. 101-610 added subsec. (a)(5) relating 
to loan cancellations and deferments.
    1989--Pub. L. 101-239 amended section generally, substituting 
subsecs. (a) to (d) for former subsec. (a) relating to authority of 
Secretary, subsec. (b) relating to access to information, subsec. (c) 
relating to verification not required, and subsec. (d) relating to 
report to Congress.
    1987--Subsec. (b)(1). Pub. L. 100-50, Sec. 15(13)(A), substituted 
``public agencies'' for ``Federal agencies''.
    Subsec. (b)(2)(D). Pub. L. 100-50, Sec. 15(13)(B), substituted ``of 
any borrower'' for ``of a borrower for whom the guaranty agency provides 
insurance''.
    Subsec. (b)(3). Pub. L. 100-50, Sec. 15(13)(C), substituted ``public 
agency'' for ``Federal agency''.


                    Effective Date of 1998 Amendment

    Amendment by Pub. L. 105-244 effective Oct. 1, 1998, except as 
otherwise provided in Pub. L. 105-244, see section 3 of Pub. L. 105-244, 
set out as a note under section 1001 of this title.


                    Effective Date of 1993 Amendment

    Amendment by Pub. L. 103-208 effective as if included in the Higher 
Education Amendments of 1992, Pub. L. 102-325, except as otherwise 
provided, see section 5(a) of Pub. L. 103-208, set out as a note under 
section 1051 of this title.


                    Effective Date of 1987 Amendment

    Amendment by Pub. L. 100-50 effective as if enacted as part of the 
Higher Education Amendments of 1986, Pub. L. 99-498, see section 27 of 
Pub. L. 100-50, set out as a note under section 1001 of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 1078 of this title.
