This Draft Standard for Trial Use contains the format and establishes the data contents of the Student Loan Preclaims Transaction Set (191) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by lending institutions (lenders), secondary markets, or student loan servicers to submit requests to guarantee agencies (guarantors) for preclaims assistance on student loans that are approaching a default status. This information includes, but is not limited to, borrower identification and loan detail. Loan owners are required to file a preclaims assistance request as part of their due-diligence process, prior to filing a claim for default reimbursement.
To indicate the start of a transaction set and to assign a control number
To indicate the beginning of a transaction set.
To provide information related to the disposition of a student loan
To provide information for the loan under consideration
To provide information related to student loan repayment deferment
To specify disbursement dates and amounts for a loan
To specify any or all of a date, a time, or a time period
To indicate the total monetary amount.
To designate the entities which are parties to a transaction and specify a reference meaningful to those entities
To sequence individual name components for maximum specificity
To specify the location of the named party
To specify the geographic place of the named party
To identify a person or office to whom administrative communications should be directed
To supply demographic information
To supply additional demographic identification
To specify any or all of a date, a time, or a time period
To provide school data relative to the applicant or the student
To provide identification of an individual or entity
To sequence individual name components for maximum specificity
To specify the location of the named party
To specify the geographic place of the named party
To identify a person or office to whom administrative communications should be directed
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments).
