
Effective June 24, 2014
Each Clearinghouse guarantor/lender/servicer (except as noted below) shall be assessed a monthly participation fee equal to $0.035 times the number of matches between the Clearinghouse enrollment data and the guarantor/lender/servicer's borrower listing, subject to a minimum fee of $125.00 per month.
The fee shall be calculated by multiplying $0.035 times the sum of:
*Effective October 1, 2014, the fee calculation will also include three-quarter time attendance.
Guarantors participating in the Total Enrollment Reporting Process (TERP) shall be assessed a reduced monthly participation fee equal to $0.025 times the number of matches between Clearinghouse enrollment data and the guarantor's borrower listing, subject to a minimum fee of $125.00 per month.
Lenders/Servicers participating in the Clearinghouse's paperless deferment process shall be assessed a reduced monthly participation fee equal to $0.025 times the number of matches between Clearinghouse enrollment data and the lender's/servicer's borrower listing, subject to a minimum fee of $125.00 per month.
No fee shall be assessed for enrollment data that the Clearinghouse sources from the NSLDS through TERP.
Expenses for overnight postage and delivery service will be billed as incurred.