Total Enrollment Reporting Process (TERP)
Our Total Enrollment Reporting Process (TERP) centralizes enrollment
reporting, creating a single and reliable source for student enrollment
information. Through TERP, guarantors can outsource all their enrollment
reporting to the Clearinghouse. We collect, check and distribute the data to
guarantors and their lenders and servicers
(many of whom are already Clearinghouse members). Reporting is more
efficient and accurate for everyone.
TERP is free to Clearinghouse members. (Guarantors that participate in
TERP will receive a discount on their monthly enrollment reporting fees.) To sign up or learn
more, see our TERP Start-Up Guide.
Benefits to Guarantors
- Savings on monthly Clearinghouse fees
- Automatically collects and distributes enrollment information to
lenders and servicers
- Uses NSLDS enrollment reporting format: No additional programming necessary!
- Reduces enrollment data processing time by
- Eliminating duplicate enrollment information
- Outsourcing lender/servicer enrollment reporting to the
Clearinghouse
- Allows you to report data to lenders and servicers weekly instead of
monthly
- Provides a national process for foreign school enrollment
reporting
- Enhances service you provide to schools and borrowers by eliminating
data conflicts and the resulting questions
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Benefits to Lenders & Servicers
- Condenses receipt of electronic enrollment data to a single source:
the Clearinghouse
- Stops inflow of redundant enrollment reporting from multiple
electronic and paper formats
- Delivers non-Clearinghouse school enrollment data faster
- Eliminates enrollment record duplicates
- Reduces unnecessary status adjustments to borrower accounts
- Improves the customer service you provide to your borrowers and
schools
- Saves your computer processing resources
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