Third Party Servicer Data Form – Reporting Requirement

The U.S. Department of Education announced it will collect information directly from third party servicers that perform work on behalf of Title IV eligible institutions since the Department determined that “a significant number of higher education institutions failed to report, update, and/or incorrectly report[ed] third party servicer information” as required. Entities that meet the definition of a third party servicer are required to submit a Third Party Servicer Data Form.