This Draft Standard for Trial Use contains the format and establishes the data contents of the Student Loan Pre-Claims and Claims 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 exchange information with guarantee agencies (guarantors) regarding pre-claims assistance on student loans that are approaching a default status and claim payment requests for defaulted student loans.
This information includes, but is not limited to, borrower identification, loan detail, payment history, and due diligence history. Federal regulations require loan owners to file a pre-claims assistance request as part of their due diligence process, prior to filing a claim for default reimbursement. Loan owners are also required to file specific information to submit a claim payment request.
To indicate the start of a transaction set and to assign a control number
To indicate the beginning of a transaction set
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 identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
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 specify any or all of a date, a time, or a time period
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To specify identifying information
To provide information for the loan under consideration
To provide information related to the disposition of a student loan
To provide information related to student loan delayed repayment
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
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 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 identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
