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Press Release

Degree Records For 200 Post-Secondary Institutions Now Available In Clearinghouse's DegreeVerify Database

An additional 100 Institutions have signed participation agreements and expect to be active soon

HERNDON, VA, AUGUST 28, 2002 - The National Student Clearinghouse, the nation's largest, most trusted source for post-secondary student degree and enrollment verification services, announces today that 200 colleges and universities, representing one in five of all degrees issued in the nation, have activated the DegreeVerify service. Recruiters, employers, and other individuals and organizations can now instantaneously verify academic credentials for graduates of these institutions via the on-line DegreeVerify service at www.degreeverify.org. Another 100 institutions have signed agreements and are in the activation process.

Implemented in September 2000, DegreeVerify is an on-line verification reporting service modeled after the Clearinghouse's original student loan reporting service. With DegreeVerify, educational institutions electronically transmit degree data to the Clearinghouse shortly after each degree conferral period, and then refer degree verification requests to the Clearinghouse for processing. Because DegreeVerify is online, employers and others can obtain instant degree confirmations twenty-four-hours-a-day, seven-days-a-week, without having to worry about unanswered phones, time zone differences, busy signals, holiday closings, long hold times, and limited office hours.

Daniel Boehmer, president of the National Student Clearinghouse states, "We are thrilled to see that institutions are realizing the value of this service. A registrar's office can receive numerous benefits by outsourcing their degree and enrollment verifications. In addition to providing employers with a one-stop, easily accessible way to certify degree data, DegreeVerify helps to eliminate credentials fraud through the creation of a single, comprehensive database of student records."

For a complete list of participating institutions and more information on the DegreeVerify program, please visit the Clearinghouse website at www.degreeverify.org.

About The National Student Clearinghouse

The National Student Clearinghouse, a non-profit organization founded by the higher education community, maintains a comprehensive electronic registry of post-secondary student enrollment, degree and loan records. Our mission is to help improve the overall efficiency of higher education administrative offices and assist in the enhancement of services to alumni, students and external verification requestors by streamlining the student record verification process. Through the regular accumulation and aggregation of student records from participating post-secondary educational institutions into a centralized national registry, the Clearinghouse provides a single, highly-automated point-of-contact for organizations requiring timely, accurate verification of student enrollment, degree, and loan data.

Today over 2,700 colleges, representing 91% of the nation's enrollment, participate in the Clearinghouse by providing regular student record updates on all of their currently enrolled students to our national databases. Student loan providers, employers, student credit card issuers, student health insurance providers and the federal government access the Clearinghouse's registry over 100 million times annually to conduct electronic student record verifications.

For more information, visit www.studentclearinghouse.org

Press Inquiries:
Kathleen Dugan
Marketing Director
703-742-4208
dugan@studentclearinghouse.org