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July 22, 2008National Student Clearinghouse Provides Real-Time Access to Student Loan Information |
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From Ascribe Newsfeed: The National Council of Higher Education Loan Programs, Inc. (NCHELP), the Meteor Advisory Team (MAT), and the National Student Clearinghouse (Clearinghouse) today announced that colleges and students can now track and manage their federal and private student loan debt through the Meteor Network. The Clearinghouse provides colleges and students with access to 100 percent of outstanding FFELP loans and federal Direct Loans, in addition to billions of dollars in private student loans through its LoanLocator service and Meteor implementation. The Meteor Network, a shared effort of leading FFELP business partners, provides aggregated, real-time financial aid award data to student loan borrowers and schools. The Clearinghouse, a non-profit organization located in Herndon, Virginia, is the nation's trusted source for degree and enrollment information and provides reporting, verification and research services to and on behalf of more than 3,100 participating colleges and universities. Campus-based authentication provides greater access to valuable debt management, default aversion, and other tools and services by using a college's authentication process to gain access to the Meteor Network and Clearinghouse services. Sponsored by FFELP providers, and coordinated by the National Council of Higher Education Loan Programs (NCHELP), the Meteor software provides open, non-proprietary, real time access to all available aid information for a student, and aggregates it for display to students and Financial Aid Professionals.
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