National and Community Service Trust Act - The federal legislation that created a national and community service program, including AmeriCorps. The program is administered by the Corporation for National Service.

National Credit Bureau - A credit reporting agency with a service area encompassing more than a single region of the country.

National of the United States - A citizen of the United States or, as defined in the Immigration and Nationality Act, a non-citizen who owes permanent allegiance to the United States.

National Student Loan Data System (NSLDS) - A database comprised of information from guarantors, schools, lenders, and the Department of Education which contains information on Title IV aid received by students.

Need Analysis - A standardized assessment of the ability of a student or of a student's family to contribute toward educational expenses.

New Borrower - A borrower who has no outstanding balance on a FFELP loan at the time he or she signs a Promissory Note for a FFELP loan.

Non-subsidized Loan - A loan that is not eligible for federal interest benefits. The borrower is responsible for paying the interest on the outstanding principal balance of a non-subsidized loan throughout the life of the loan. During in-school, grace, and deferment periods, these interest payments are normally made on a monthly or quarterly basis, or are capitalized.

Non-Term-Based Institution - A school that measures its academic year in credit or clock hours rather than academic terms (e.g., semesters, trimesters, or quarters).

Normal Commercial Skip Tracing - Techniques used to locate a person whose address is unknown. Examples of these techniques may include contacting an endorser (e.g., to locate a borrower), a borrower (e.g., to locate an endorser or co-maker), a relative, a reference, individuals, entity identified in a borrower's loan file, Directory Assistance or a comparable database; attempting to contact the person by calling the last known telephone number; performing a social security number search via a credit report; reviewing city directories; processing information contained on the current credit report; or checking with a state licensing agency, a trade association, or a motor vehicle bureau.

Notification (as it relates to MPN) - A process by which the school, lender or guarantor notifies the borrower of the proposed loan types and amounts. The borrower is required to take action only to reject or reduce the amount of the loan.

Notice of Disclosure - See Disclosure Statement.

NSLDS - See National Student Loan Data System (NSLDS)