National Student Clearinghouse

National Student Clearinghouse collects and sells student data on the majority of high school and college students in the United States. The organization provides educational reporting, enrollment and degree verification, and research services to colleges and universities throughout North America. The organization also provides data on student enrollment to left-of-center voter advocacy and registration organizations and operates a diversity, equity, and inclusion data center. The group has a research and educational arm called the National Student Clearinghouse Research Center that publishes reports on trends in higher education enrollment. The Clearinghouse claims to have collected data on 97 percent of those enrolled in postsecondary education institutions in the United States and has operating agreements with more than 3,600 colleges and universities. 1

At-A-Glance

Issue Areas: Education Policy
President and CEO:

Ricardo Torres

Location: Herndon, VA View on map
Tax ID: 52-1836384
Most Recent Filing: 2024
Budget (2025): Assets: $71,069,023 Revenue: $105,701,011 Expenses: $100,621,579

Contents

    National Student Clearinghouse has received grants in exchange for data from left-leaning grantmaking institutions including the Bill and Melinda Gates Foundation, the Association for Institutional Research, and the Lumina Foundation. 2

    Background

    National Student Clearinghouse was established in 1993 as a national resource for postsecondary enrollment data and completed its initial pilot program at 34 colleges and universities in 1994. Within its first decade of existence, the organization launched several trademarked services for third-party degree verification, enrollment verification, student loan locating and verification, and high school student tracking. 2

    The four main service areas of the organization include data exchange and transcript services, financial aid compliance, research, and degree and enrollment verification. 2

    The organization has stated that its data services collect data on 97 percent of postsecondary students at 3,600 participating colleges and universities and on 70 percent of high school students at 22,000 participating high schools. 1

    The organization also operates a research arm called the National Student Clearinghouse Research Center that publishes reports for use of school administrators and policymakers regarding trends in U.S. college and high school enrollment and completion. 1 3

    National Student Clearinghouse is a nonprofit organization and receives around $65 million in annual revenue. Ricardo Torres, the president and CEO of the organization, receives $656,000 in annual compensation. 4

    Partnerships

    In 2006, the Bill and Melinda Gates Foundation selected National Student Clearinghouse’s StudentTracker service to conduct the foundation’s first “statewide student tracking study.” In 2009, the Gates Foundation gave a grant to the organization to conduct the National Student Clearinghouse’s first “national secondary research and reporting system.” 5 2

    In 2017, the organization launched a Postsecondary Data Partnership pilot program in collaboration with the Gates Foundation, the Association for Institutional Research, and the Lumina Foundation. 6 2

    Other third-party organizations to which the National Student Clearinghouse has provided data include the Student Veterans Association, the Department of Veteran Affairs, Ascendium Education Solutions, the ECMC Foundation, IBM, the National Association of Manufacturers, the U.S. Census Bureau, and the U.S. Department of Commerce. 2

    Student Loan Data

    National Student Clearinghouse sells student data to student loan providers, which use information about a student’s enrollment status to make loan decisions. In 2020, the Student Borrower Protection Center, an advocacy group, sent a letter to the Consumer Financial Protection Bureau (CFPB) urging the agency to supervise the National Student Clearinghouse as a consumer reporting agency, define it as a “larger participant,” and add it to the CFPB’s public list of consumer reporting agencies. 7

    The National Student Clearinghouse paid $2 million to settle a 2019 class action lawsuit filed by students who alleged that it was illegal for the organization to charge them for obtaining personal data held by the organization. 8

    Student Voter Registration Data

    Data provided by the National Student Clearinghouse is used by left-of-center voter outreach organizations such as the Institute for Democracy and Higher Education at Tufts University to monitor student voting rates and inform get-out-the-vote campaigns at colleges and universities as part of the institute’s National Study of Learning Voting, and Engagement. 9 10 11

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2025 $71,069,023 $105,701,011 $100,621,579
    2024 $98,082,707 $102,499,089 $99,069,536 View
    2023 $99,792,092 $96,297,122 $101,759,320 View
    2022 $80,865,874 $97,727,893 $85,920,931 View
    2021 $70,565,470 $80,581,219 $69,792,285 View
    2020 $52,958,390 $66,591,736 $67,986,199 View

    Prior year filings: 2019, 2018, 2017, 2015, 2014, 2013, 2012, 2011

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 406

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Ricardo D TorresPRESIDENT AND CEO$1,280,202
    Douglas Falk Thru 1024VP & CHIEF INFORMATION OFFICER$650,891
    Christopher GoodsonCHIEF GROWTH OFFICER$614,771
    Mary ChapinVP & CHIEF LEGAL OFC, CORP SEC$523,087
    Bridget SedlockCHIEF PEOPLE OFFICER$450,558
    John RamseyEXEC DIRECTOR CISO$445,961
    Lawrence Hatch Thru 0724VP, INDUSTRY & WORKFORCE SERV$441,195
    Roberta HylandCHIEF DATA OFFICER$420,336
    Christine ColeSENIOR DIRECTOR, SALES & BUS. DVPT.$415,231
    Thomas BurkeMANAGING DIRECTOR, IT$393,617
    David G Payne PhDVP, LEARNER INSIGHTS$389,368
    Dr Douglas ShapiroVP, RESEARCH$384,769
    Melba AmissiVP, CORPORATE STRATEGY$384,662
    Robert RomanoMANAGING DIRECTOR, IT$361,459
    Lan QianCHIEF ENTERPRISE ARCHITECT$359,513
    Michael JarrahMANAGING DIRECTOR, IT INF & OPS$355,052
    Andrew Siclari As Of 724CHIEF FINANCIAL OFFICER$173,580
    Erin Seraydian Thru 0324CHIEF FINANCIAL OFFICER$161,175

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $22,402,250
    • Number of Grants: 22
    • Number of Funders: 10

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $4,867,2572022 Gates Foundationto improve postsecondary outcomes data infrastructure that supports postsecondary education initiatives and institutional decision making
    $2,500,0002024 Gates FoundationTo support data infrastructure to increase the availability and use of disaggregated postsecondary outcomes data to address disparities in education and workforce outcomes
    $1,507,7512023 Gates Foundationto improve postsecondary outcomes data infrastructure that supports postsecondary education initiatives and institutional decision making
    $1,343,0002020 Ascendium Education Group, Inc.This grant supports the National Student Clearinghouse in rebuilding Studenttracker, the primary data platform used by educational systems and institutions to track student-level postsecondary enrollment in the United States. The new Studenttracker will reduce the technological expertise required for users, consolidate data into a single platform, and provide enhanced reports and visualized analytics, with the goal of significantly expanding access and utilization nationwide.
    $1,250,0002024 Strada Education FoundationPROGRAMMATIC GRANT
    $545,5002020 Ascendium Education Group, Inc.As part of Ascendium’s COVID-19 Response Fund initiative, this grant supports the National Student Clearinghouse Research Center in tracking and disseminating timely data to quantify the impact of COVID-19 on institutional transfer rates in the United States.
    $30,3702021 Growing Inland Achievement, Inc.PDP SUBSCRIPTION – POST SECONDARY FOR SIX COLLEGES
    $19,0002022 Digital Promise GlobalGRANT FOR STATISTICS & CHEMISTRY PDP BENCHMARKING PROJECT
    $10,0002023 ACHIEVING THE DREAM, INC.IMPLEMENTATION GRANTS
    $10,0002022 Greater Washington Community Foundation
    $1262025 Lending Help for Students IncProgram Support

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $363,000
    • Number of Grants: 30
    • Number of Recipients: 30

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $18,0002025 Code the DreamGENERAL SUPPORT
    $18,0002024 Evans Scholars FoundationIN HONOR OF BOARD MEMBER MR. PAUL ROBINSON
    $18,0002020 South Dakota State University FoundationIN HONOR OF BOARD MEMBER RETIREMENT
    $17,0002023 Natomas School FoundationIN HONOR OF BOARD MEMBER MR. PATRICK PERRY
    $17,0002022 Simmons UniversityIN HONOR OF BOARD MEMBER DR. ANNE BRYANT
    $16,0002025 North Carolina Independent Colleges and Universities IncGENERAL SUPPORT
    $15,0002023 Andrew Carnegie Free Library & Music HallIN HONOR OF BOARD MEMBER MS. MARY KEENARD-SMITH
    $14,0002020 Natl Assn of Secondary School PrincipalsIN HONOR OF BOARD MEMBER RETIREMENT
    $13,0002021 Louisiana Community Technical College System FoundationIN HONOR OF BOARD MEMBER DR. MONTY SULLIVAN
    $10,0002025 Brain Injury Association of Ohio IncGENERAL SUPPORT
    $10,0002021 Fisk UniversityIN HONOR OF BOARD MEMBER DR. EILEEN BACCUS
    $10,0002020 Stephens CollegeIN HONOR OF BOARD MEMBER RETIREMENT
    $8,0002025 Council of Chief State School OfficersGENERAL SUPPORT
    $7,0002020 Curators of the University of MissouriIN HONOR OF BOARD MEMBER RETIREMENT
    $6,0002021 The Amistad Center for Art & Culture IncIN HONOR OF BOARD MEMBER DR. EILEEN BACCUS

    References

    1. “About.” National Student Clearinghouse. Accessed February 10, 2023. https://www.studentclearinghouse.org/about/
    2. “Clearinghouse Timeline.” National Student Clearinghouse. Accessed February 10, 2023. https://www.studentclearinghouse.org/wp-content/uploads/Clearinghouse-Timeline.pdf
    3. “About Us.” National Student Clearinghouse Research Center. Accessed February 10, 2023. https://nscresearchcenter.org/aboutus/
    4. “National Student Clearinghouse.” Nonprofit Explorer. Accessed February 10, 2023.  https://projects.propublica.org/nonprofits/organizations/521836384
    5. “National Student Clearinghouse Research Center.” Bill and Melinda Gates Foundation. Accessed February 10, 2023. https://www.gatesfoundation.org/about/committed-grants/2018/08/opp1192181
    6. “National Student Clearinghouse Research Center.” Lumina Foundation. Accessed February 10, 2023. https://www.luminafoundation.org/grant/10091/
    7. Culhane, John. “Student borrower advocacy group urges CFPB to supervise National Student Clearinghouse as CRA ‘larger participant’.” Ballard Spahr LLP Consumer Finance Monitor. January 30, 2020. Accessed February 10, 2023. https://www.consumerfinancemonitor.com/2020/01/30/student-borrower-advocacy-group-urges-cfpb-to-supervise-national-student-clearinghouse-as-cra-larger-participant/
    8. Pierce, Mike. “How a Data Company at the Center of the Student Loan System is Costing Borrowers Millions.” Student Borrower Protection Center. January 28, 2020. Accessed February 10, 2023.  https://protectborrowers.org/how-a-data-company-at-the-center-of-the-student-loan-system-is-costing-borrowers-millions/
    9. “Student Voting Rates for University of Wisconsin-Madison – 2020 NSLVE Campus Report.” Institute for Democracy and Higher Education. October 2021. Accessed February 10, 2023. https://morgridge.wisc.edu/wp-content/uploads/sites/4/2021/11/NSLVE-Report-2020-UW-Madison.pdf
    10. Shearer, Nicole. “University student voter turnout experiences a monumental increase.” Nevada Today. September 24, 2019. Accessed February 10, 2023. https://www.unr.edu/nevada-today/news/2019/increased-student-voter-turnout
    11. “Reauthorizing NSLVE Webinar.” Institute for Democracy and Higher Education. October 2021. Accessed February 10, 2023. https://tufts.app.box.com/s/9ri9sojy5wdmkuwyukv03wgoltfasw71