Page:United States Statutes at Large Volume 106 Part 1.djvu/655

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PUBLIC LAW 102-325—JULY 23, 1992 106 STAT. 623 occurrence on campus of offenses during the three calendar years preceding the year in which the report is made. SEC. 487. NATIONAL STUDENT LOAN DATA SYSTEM. (a) SYSTEM DEVELOPMENT. — Section 485B(a) of the Act (20 U.S.C. 20 USC I092b. 1093(a)) is amended in the matter preceding paragraph (1) by striking "and loans made under part E" and inserting "and loans made under part E, 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 eilso permit borrowers to use the system to identify the current loan holders and servicers of such borrower's loan.". (b) STANDARDIZATION OF DATA REPORTING; USE OF COMMON IDENTIFIERS; INTEGRATION OF SYSTEMS. — Section 485B of the Act is amended by adding at the end the following new subsections: "(e) STANDARDIZATION OF DATA REPORTING.— " (1) IN GENERAL. —The Secretary shall by regulation prescribe Regulations, standards and procedures (including relevant definitions) that require all lenders and guaranty agencies to report information on all aspects of loans made under this part 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) pubhsh the specifications selected to be used to encourage the automation of exchanges of information between all parties involved in loans under this part. "(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 title; 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 c£m 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 title. ".