The NSC was the primary source for verifications, handling more than 500 million verification requests yearly. The Clearinghouse was a single point of contact for the exchange of accurate records on behalf of its more than 3,700 participating institutions, which represent 98% of all students in public and private U.S. institutions.
Through its services, it saves the education community over $500 million bucks annually. Most services are provided at little or no charge. These services are designed to facilitate compliance with the Educational Rights & other applicable laws.
Additionally, the Clearinghouse provides accurate and timely verifications to student loan providers and others who access its registry more than half a billion times annually.