Code indicating method used to determine reduction of loan certification amount
Type
ID
Length
Max 2 / Min 1
Codes
<> 01
No Reduction Made; Requested Loan Amount Equals School Certified Amount
<> 02
Reduced to the Maximum Amount Allowable per Grade Level
<> 03
Reduced to the Maximum Amount Allowable per Student (for Entire Career)
<> 04
Reduced to the Maximum Amount Allowable within a 7-month Period
<> 05
Reduced to the Appropriate Lender Approved Amount
<> 06
Reduced Because Requested Loan Amount Exceeds Cost of Attendance minus Expected Family Contribution Amount and Estimated Financial Aid Amount
<> 07
Reduced to the Maximum Amount Allowable by the Guarantor
<> 08
Reduced to the Appropriate School Certification Amount; School Certified Amount is less than the Borrower Requested Loan Amount
<> 09
Requested to the Amount Agreed to by the Endorser
<> 10
Reduced to the Maximum Amount Allowable as Calculated in Accordance with Guarantor Policy
<> 11
Reduced to the Amount Requested by the Borrower after Processing of Initial Application
<> ZZ
Mutually Defined