Georgia Higher Education Conference, March 5, 2003

1
Georgia Higher Education Conference, March 5,
2003 Presented by Russell Judd, Great Lakes
Educational Loan Services, Inc.
2
What is Meteor

• Meteor is a collaborative effort within the
  student aid industry to simplify and consolidate
  access to student financial aid information.
  Sponsored by over forty industry participants,
  and coordinated by the National Council of Higher
  Education Loan Programs, Meteor software provides
  open, non-proprietary, real time access to all
  available aid information for a student, and
  consolidates it for display to students and
  Financial Aid Professionals.

3
Meteors Foundation Principles

• Open Source
• Open Collaboration
• Freely Available
• Controlled Participation Network

4
How does Meteor Work?

• Meteor uses the concepts of Access Providers and
  Data Providers.
• A Meteor Access Provider allows inquirers to
  obtain information through its web site by
  hosting a copy of the Meteor software, which
  generates the request to the Data Providers for
  the borrowers information. Access providers can
  be Schools, Guarantors, Lenders, Servicers, or
  Secondary Markets.

5
How does Meteor Work?

• A Meteor Data Provider hosts a copy of the Meteor
  software that enables them to respond to the
  Access Providers request for information,
  supplying data from their system. Data Providers
  are typically Lenders, Servicers, Guarantors, and
  Secondary Markets. In the future, the Dept. of
  ED, State Grant authorities, Schools, and others
  could become Data Providers.

6
Simplified Meteor Process
Access Providers
Data Providers
One
Financial Aid Professional/Student
Two
Index Providers
Three
7
Meteor Architecture
Meteor System
Authenticate
Lightweight Directory Access Protocol (LDAP)
Access Provider
Portal or Web Site Request
HTTPS
XML Request
Index Provider
Authenticate
XML Response
Custom Code
Generic Rules Engine
XML Request
Data Provider
Authenticate
XSLT
XML Response
XML Response
Legacy Data
8
Standards and Their Implementation
FSA UML XML JAVA SOAP UDDI SAML
METEOR
Announced (Feb 2000) Expected
X X X
Feb 2000
X
Planned
X
9
Authentication

• No central authentication process
• Utilizes transitive trust model
• Each Access Provider uses their existing
  authentication model (single sign-on)
• Level of trust assigned at registration

10
Production Statistics

• After six months of being in production
• Loan guarantee volume currently in production
  60.3
• Organizations currently testing will bring us to
  63.7
• Organizations currently in development will bring
  us to 69.7

11
(No Transcript)
12
(No Transcript)
13
(No Transcript)
14
(No Transcript)
15
(No Transcript)
16
(No Transcript)
17
(No Transcript)
18
(No Transcript)
19
(No Transcript)
20
Coming Soonthe Super Screen

• We need your help
• Data from all sources
• Would it help?
• What should be there?
• How would you use it?

21
Meteor Sponsors

• American Education Services
• American Student Assistance
• Bank One
• Chase Manhattan
• College Foundation, Inc. NC
• College Board/College Credit Education Loan
  Program
• Connecticut Student Loan Foundation
• Educational Credit Management Corporation
• Education Assistance Corporation
• Education Funding Association
• Florida Department of Education, OSFA

22
Meteor Sponsors

• Georgia Higher Education Assistance Corporation
• Great Lakes Higher Education Guaranty Corporation
• GuaranTec, LLP
• Higher Education Student Assistance Authority
• Illinois Student Assistance Commission
• Iowa Student Loan Liquidity Corporation
• Kentucky Higher Education Assistance Authority
• Key Education Resources
• LoanStar Systems, Inc.
• Michigan Higher Education Assistance Authority
• MOSTARS

23
Meteor Sponsors

• Montana Guaranteed Student Loan Program
• National Student Loan Program, Inc.
• New Hampshire Higher Education Assistance
  Foundation
• New Mexico Educational Assistance Foundation
• New York State Higher Education Services
  Corporation
• NCS Pearson
• North Carolina State Education Assistance
  Authority
• Northwest Education Loan Association (NELA)
• Oklahoma Guaranteed Student Loan Program
• Oregon Student Assistance Commission
• Panhandle-Plains Student Loan Center

24
Meteor Sponsors

• Rhode Island Higher Education Assistance
  Authority
• Sallie Mae, Inc.
• Southwest Student Services Corporation
• Student Loan Finance Association
• Student Loan Guarantee Foundation of Arkansas
• Student Loans of North Dakota
• Texas Guaranteed Student Loan Corporation
• United Student Aid Funds
• Vermont Student Assistance Corporation

25
More Information

• For additional information, current status and
  updates
• Click on the Meteor logo at
• www.nchelp.org