# Custom Edits

The following section contains the detailed descriptions of the reject
codes received from the Loan Origination Center (LOC). Questions
pertaining to reject codes should be directed to the LOC at
**800/848-0978**.

**Loan Origination Reject Codes**

These codes appear in field #5 in the Full Loan Origination
Acknowledgement (DISF02OP/DIPF02OP) file.

**Note:** All questions regarding the definition of the reject codes or
LOC edits should be directed to the Loan Origination Center at
**800/848-0978**.

  ---------- ----------------------------- -----------------------------------
  **Code**   **Error Message**             **Edit Description**

  01         Invalid School Code           Direct loan school code type not
                                           equal to \"E\" or \"G,\" or school
                                           code number not numeric or school
                                           code not on file at the LOC

  02         Borrower\'s Address is        Borrower\'s zip code is blank, or
             incomplete                    city blank, or state blank or
                                           invalid

  03         Invalid Borrower's Date of    Borrower\'s birth date zero, blank,
             Birth                         or invalid format Borrower's age
                                           must be \> 12 and \< 100

  04         Invalid Borrower's Loan       Borrower\'s loan default/grant
             Default/Grant Overpayment     overpayment value is not "N" or "Z"
                                           (default override code)

  05         Invalid Borrower\'s           Borrower\'s citizenship is not "1"
             Citizenship                   for U.S. citizen or "2" for
                                           eligible non-citizen (PLUS only)

  06         Must provide Borrower's First Borrower\'s first and last names
             or Last Name                  are blank

  07         Must provide Borrower\'s      Borrower\'s citizenship is "2,"
             Alien Registration Number     eligible non-citizen, and alien
                                           registration number is zero(s) or
                                           blank (PLUS only)

  08         Anticipated Disbursement Date Anticipated disbursement date more
             Prior to the Loan Period      than 10 days before the loan period
             Start Date (-10 Days)         start date

  09         Anticipated Disbursement Date Anticipated disbursement date more
             after the Loan Period End     than 90 days after the loan period
             Date (+90 Days)               end date

  10         Minimum of two anticipated    School is not "Special School" and
             disbursements is required     anticipated disbursement date 1 or
                                           2 is equal to zero or blank

  11         Anticipated Disbursement Date Anticipated disbursement date is
             is blank                      zero or blank and loan amount
                                           approved is not equal to zero

  12         Total anticipated gross       Sum of all the anticipated gross
             amount must be less than or   amounts is greater than the loan
             equal to the Loan Amount      amount approved
             Approved                      

  13         Anticipated Disbursement      Anticipated disbursement date is
             Dates are not in              less than a previous disbursement
             chronological order           date

  14         Not in use                    Not in use

  15         Invalid Program Year          Invalid program year in loan
                                           identifier

  16         Loan Identifier must be       Loan identifier is a duplicate for
             unique                        a loan that is already on file at
                                           the LOC
  ---------- ----------------------------- -----------------------------------

Loan Origination Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 17  | This borrower has the same  | Invalid SSN and DOB combination  |
|     | Social Security Number as   |                                  |
|     | another direct loan         | A borrower with this SSN and a   |
|     | borrower                    | different DOB already exists at  |
|     |                             | the LOC                          |
+-----+-----------------------------+----------------------------------+
| 18  | Anticipated Loan Fee Amount | Anticipated loan fee amount is   |
|     | is not equal to the LOC's   | not equal to the gross amount    |
|     | calculated loan fee amount  | times loan fee percentage        |
+-----+-----------------------------+----------------------------------+
| 19  | Not in use; Change reject   | Not in use; Change reject only   |
|     | only                        |                                  |
+-----+-----------------------------+----------------------------------+
| 20  | Invalid state code          | State code is not blank and not  |
|     |                             | a valid state code               |
+-----+-----------------------------+----------------------------------+
| 21  | Invalid Disclosure          | Disclosure statement print       |
|     | Statement Print Indicator   | indicator is not Y or Blank      |
+-----+-----------------------------+----------------------------------+
| 22  | Not in use; Change reject   | Not in use; Change reject only   |
|     | only                        |                                  |
+-----+-----------------------------+----------------------------------+
| 23  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 24  | Not in use; Change reject   | Not in use; Change reject only   |
|     | only                        |                                  |
+-----+-----------------------------+----------------------------------+
| 25  | Must provide Loan Period    | Either loan period start date or |
|     | Start and End Dates         | loan period end date is equal to |
|     |                             | zero or blank, or loan period    |
|     |                             | start date occurs before date    |
|     |                             | allowed for the program year     |
+-----+-----------------------------+----------------------------------+
| 26  | Loan Amount Approved        | Loan amount approved greater     |
|     | exceeds the maximum annual  | than the maximum annual loan     |
|     | loan limits for this        | limit amount:                    |
|     | borrower at your school for |                                  |
|     | equal or overlapping        | [Dependent Student]{.underline}  |
|     | academic years              |                                  |
|     |                             | 1st Year (Grade level 0 or 1)\   |
|     | Review the borrower's       | Sub Max=2,625\                   |
|     | academic years, dependency  | Sub and Unsub Max=2,625          |
|     | status, grade level, loan   |                                  |
|     | amount approved, and if     | 2nd Year (Grade level 2)\        |
|     | applicable, the additional  | Sub Max=3,500\                   |
|     | unsubsidized eligibility    | Sub and Unsub Max=3,500          |
|     | for a dependent student     |                                  |
|     | and/or Health Profession    | 3rd Year, 4th Year, or 5th Year  |
|     | Programs                    | eligible undergraduate (Grade    |
|     |                             | level 3, 4, or 5)\               |
|     |                             | Sub Max=5,500\                   |
|     |                             | Sub and Unsub Max=5,500          |
|     |                             |                                  |
|     |                             | [Dependent Student Eligible for  |
|     |                             | Additional Unsubsidized          |
|     |                             | Amount]{.underline}              |
|     |                             |                                  |
|     |                             | 1st Year (Grade level 0 or 1)\   |
|     |                             | Sub Max=2,625\                   |
|     |                             | Sub and Unsub Max=6,625          |
|     |                             |                                  |
|     |                             | 2nd Year (Grade level 2)\        |
|     |                             | Sub Max=3,500\                   |
|     |                             | Sub and Unsub Max=7,500          |
|     |                             |                                  |
|     |                             | 3rd Year, 4th Year, or 5th Year  |
|     |                             | eligible undergraduate (Grade    |
|     |                             | level 3, 4, or 5)\               |
|     |                             | Sub Max=5,500\                   |
|     |                             | Sub and Unsub Max=10,500         |
+-----+-----------------------------+----------------------------------+

Loan Origination Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 26, | Loan Amount Approved        | [Independent                     |
| c   | exceeds the maximum annual  | Student]{.underline}             |
| ont | loan limits for this        |                                  |
|     | borrower at your school for | 1st Year (Grade level 0 or 1)\   |
|     | equal or overlapping        | Sub Max=2,625\                   |
|     | academic years              | Unsub and Sub Max=6,625          |
|     |                             |                                  |
|     | Review the borrower's       | 2nd Year (Grade level 2)\        |
|     | academic years, dependency  | Sub Max=3,500\                   |
|     | status, grade level, loan   | Unsub and Sub Max=7,500          |
|     | amount approved, and if     |                                  |
|     | applicable, the additional  | 3rd Year, 4th Year, or 5th Year  |
|     | unsubsidized eligibility    | eligible undergraduate (Grade    |
|     | for a dependent student     | level 3, 4, or 5)\               |
|     | and/or Health Professions   | Undergrad Sub Max=5,500\         |
|     |                             | Unsub and Sub Max=10,500         |
|     |                             |                                  |
|     |                             | Graduate/professional and beyond |
|     |                             | (Grade level 6 or 7)\            |
|     |                             | Sub Max=8,500\                   |
|     |                             | Sub and Unsub Max=18,500         |
|     |                             |                                  |
|     |                             | *Health Profession Programs Loan |
|     |                             | Limits*                          |
|     |                             |                                  |
|     |                             | [Independent & Dependent Student |
|     |                             | Eligible for Additional          |
|     |                             | Unsubsidized Amount]{.underline} |
|     |                             |                                  |
|     |                             | 4th Year or 5th Year eligible    |
|     |                             | undergraduate (Grade level 4 or  |
|     |                             | 5)\                              |
|     |                             | Undergrad Sub Max= 5,500\        |
|     |                             | Unsub and Sub Max= 27,167        |
|     |                             |                                  |
|     |                             | [Graduate/professional and       |
|     |                             | beyond]{.underline} (Grade level |
|     |                             | 6 or 7)                          |
|     |                             |                                  |
|     |                             | Sub Max=8,500\                   |
|     |                             | Sub and Unsub Max=45,167         |
+-----+-----------------------------+----------------------------------+
| 27  | Anticipated Net Amount is   | Anticipated disbursement net     |
|     | not equal to the LOC's      | amount not equal to gross amount |
|     | calculated net amount       | minus (gross amount times {loan  |
|     |                             | fee percentage minus interest    |
|     |                             | rebate percentage})              |
|     |                             |                                  |
|     |                             | (+ or - \$1 tolerance)           |
+-----+-----------------------------+----------------------------------+
| 28  | Invalid Loan Type           | Loan type is not equal to \"S\"  |
|     |                             | or \"U\" or \"P" or loan         |
|     |                             | sequence number is less than 0   |
|     |                             | or greater than 999              |
+-----+-----------------------------+----------------------------------+
| 29  | Must provide                | SSN is blank or not numeric or   |
|     | Borrower's/Student's Social | SSN is less than 001010001       |
|     | Security Number             |                                  |
+-----+-----------------------------+----------------------------------+
| 30  | Invalid loan period         | Loan period is greater than 12   |
|     |                             | months***, or Loan Period Start  |
|     |                             | Date equals Loan Period End      |
|     |                             | Date***                          |
+-----+-----------------------------+----------------------------------+
| 31  | Loan Period Start Date is   | Loan period end date is prior to |
|     | greater than the Loan       | the loan period start date       |
|     | Period End Date             |                                  |
+-----+-----------------------------+----------------------------------+

Loan Origination Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 32  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 33  | Loan Amount Approved must   | Loan amount approved is less     |
|     | be positive                 | than or equal to zero            |
+-----+-----------------------------+----------------------------------+
| 34  | Invalid Promissory Note     | Promissory note print indicator  |
|     | Print Indicator             | is not \"O,\" \"F,\" \"R,\"      |
|     |                             | \"S,\" or \"Z\"                  |
+-----+-----------------------------+----------------------------------+
| 35  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 36  | Borrower's and Student's    | Borrower's and student's SSN are |
|     | Social Security Numbers     | the same (PLUS only)             |
|     | cannot be the same          |                                  |
+-----+-----------------------------+----------------------------------+
| 37  | Invalid Student's Date of   | Student\'s DOB is equal to zero, |
|     | Birth                       | blank, or is in an invalid       |
|     |                             | format                           |
|     |                             |                                  |
|     |                             | Student's age must be \> 12 and  |
|     |                             | \< 100                           |
+-----+-----------------------------+----------------------------------+
| 38  | Invalid Student's           | Student\'s citizenship is not    |
|     | Citizenship                 | "1" for U.S. citizen or "2" for  |
|     |                             | eligible non-citizen (PLUS only) |
+-----+-----------------------------+----------------------------------+
| 39  | Invalid Student's Loan      | Student\'s loan default/grant    |
|     | Default/Grant Overpayment   | overpayment value is not "N" or  |
|     |                             | "Z" (default override code)      |
+-----+-----------------------------+----------------------------------+
| 40  | Must provide Student's      | Student\'s first and last names  |
|     | First or Last Name          | are blank                        |
+-----+-----------------------------+----------------------------------+
| 41  | Must provide Student\'s     | Student\'s citizenship is "2,"   |
|     | Alien Registration Number   | eligible non-citizen, and alien  |
|     |                             | registration number is zero(s)   |
|     |                             | or blank (PLUS only)             |
+-----+-----------------------------+----------------------------------+
| 42  | School is closed            | Direct Loan school code has a    |
|     |                             | closed status on the LOC file    |
+-----+-----------------------------+----------------------------------+
| 43  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 44  | School is ineligible        | Direct loan school code has an   |
|     |                             | ineligible or non-participating  |
|     |                             | status on the LOC file           |
+-----+-----------------------------+----------------------------------+
| 45  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 46  | Invalid Borrower\'s Middle  | Borrower\'s middle initial is    |
|     | Initial                     | not blank and is not alphabetic  |
+-----+-----------------------------+----------------------------------+
| 47  | Invalid Student\'s Middle   | Student\'s middle initial is not |
|     | Initial                     | blank and is not alphabetic      |
+-----+-----------------------------+----------------------------------+
| 48  | Invalid Borrower's          | Borrower's telephone number is   |
|     | Telephone Number            | not blank and not numeric        |
+-----+-----------------------------+----------------------------------+
| 49  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 50  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 51  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 52  | Invalid Date Format         | Date format is not CCYYMMDD      |
+-----+-----------------------------+----------------------------------+

Loan Origination Reject Codes (Continued)

  ---------- ----------------------------- -----------------------------------
  **Code**   **Error Message**             **Edit Description**

  53         Not in use                    Not in use

  54         Not in use                    Not in use

  55         Invalid Zip Code              Zip code is not blank and not
                                           numeric

  56         Invalid Borrower\'s State     Zip code is not blank and state
             Code                          code is blank

  57         Borrower\'s Permanent Zip     Borrower\'s permanent address state
             Code should not be blank      is not blank and is not "CN," "MX,"
                                           or "FC"

  58         Not in use                    Not in use

  59         Invalid numeric field         Numeric field contains non-numeric
                                           characters

  60         Invalid Dependency Status     Loan dependency status is not equal
                                           to "I" or "D"

  61         Student\'s Local Address is   Student's local address, city,
             incomplete                    and/or state is blank

  62         Student\'s Local Zip Code     Student's local zip code is not
             must be numeric               blank and not numeric

  63         Student\'s Local Address      Student's local zip code is not
             State should not be blank     blank and local state is blank

  64         Student\'s Local Zip Code     Student's local address state is
             should not be blank           not blank and is not "CN," "MX," or
                                           "FC," and zip code is blank

  65         Invalid Student\'s Local      Student's local address state code
             Address State                 is not blank and not a valid state
                                           code

  66         Not in use; Change reject     Not in use; Change reject only
             only                          

  67         Not in use; Change reject     Not in use; Change reject only
             only                          

  68         Not in use; Change reject     Not in use; Change reject only
             only                          

  69         Not in use; Change reject     Not in use; Change reject only
             only                          

  70         Not in use                    Not in use

  71         Not in use                    Not in use

  72         Total Anticipated Gross       Anticipated gross disbursement
             Amount must be greater than   amount is blank or zero, or total
             zero                          anticipated gross disbursements is
                                           less than zero

  73         Not in use                    Not in use

  74         Not in use                    Not in use

  75         Acknowledged but not applied  LOC researching issue

  76         Invalid Loan Origination Date Loan origination date format is not
                                           CCYYMMDD or is an invalid date

  77         Not in use                    Not in use
  ---------- ----------------------------- -----------------------------------

Loan Origination Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 78  | Invalid Student\'s College  | Student's college grade level is |
|     | Grade Level                 | not equal to 0, 1, 2, 3, 4, 5,   |
|     |                             | 6, or 7                          |
+-----+-----------------------------+----------------------------------+
| 79  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 80  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 81  | Program Year and Cycle      | Program year in loan identifier  |
|     | Indicator do not match      | does not match cycle indicator   |
|     |                             | on batch identifier              |
+-----+-----------------------------+----------------------------------+
| 82  | Not in use; Change reject   | Not in use; Change reject only   |
|     | only                        |                                  |
+-----+-----------------------------+----------------------------------+
| 83  | Borrower and student cannot | Borrower and student's date of   |
|     | be the same person          | birth are the same (PLUS only)   |
+-----+-----------------------------+----------------------------------+
| 84  | Not in use; Change reject   | Not in use; Change reject only   |
|     | only                        |                                  |
+-----+-----------------------------+----------------------------------+
| 85  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 86  | Invalid Academic Year Start | Academic year start date or      |
|     | and End Dates               | academic year end date is zeroes |
|     |                             | or is not a valid date           |
|     |                             |                                  |
|     |                             | Academic year end date is not    |
|     |                             | greater than academic year start |
|     |                             | date, or academic year is        |
|     |                             | greater than 12 months           |
+-----+-----------------------------+----------------------------------+
| 87  | Invalid Additional          | Additional unsubsidized          |
|     | Unsubsidized Eligibility up | eligibility code is not equal to |
|     | to Health Profession        | "Y" or blank                     |
|     | Programs Amount             |                                  |
|     |                             | \--OR\--                         |
|     |                             |                                  |
|     |                             | Student's grade level is not     |
|     |                             | eligible for an additional       |
|     |                             | unsubsidized amount up to health |
|     |                             | profession program amount        |
|     |                             |                                  |
|     |                             | Additional unsubsidized          |
|     |                             | eligibility code must be for     |
|     |                             | student grade levels 4, 5, 6, or |
|     |                             | 7                                |
+-----+-----------------------------+----------------------------------+
| 88  | Invalid Additional          | Additional Unsubsidized          |
|     | Unsubsidized Eligibility    | Eligibility code is not equal to |
|     | for Dependent Student       | "Y" or blank,                    |
|     |                             |                                  |
|     |                             | \--OR\--                         |
|     |                             |                                  |
|     |                             | An independent student is not    |
|     |                             | eligible for an additional       |
|     |                             | unsubsidized amount              |
|     |                             |                                  |
|     |                             | Additional Unsubsidized          |
|     |                             | Eligibility code must be for a   |
|     |                             | dependent undergraduate student  |
|     |                             | (grade level 0, 1, 2, 3, 4, or   |
|     |                             | 5)                               |
+-----+-----------------------------+----------------------------------+
| 89  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 90  | Not in use; Change reject   | Not in use; Change reject only   |
|     | only                        |                                  |
+-----+-----------------------------+----------------------------------+
| 91  | Not in use; Change reject   | Not in use; Change reject only   |
|     | only                        |                                  |
+-----+-----------------------------+----------------------------------+

Loan Origination Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 92  | Loan Period Start and End   | Loan period start date and loan  |
|     | Dates exceed the Academic   | period end date are not equal to |
|     | Year Dates                  | or within the student's academic |
|     |                             | year dates                       |
+-----+-----------------------------+----------------------------------+
| 93  | Not in use; Change reject   | Not in use; Change reject only   |
|     | only                        |                                  |
+-----+-----------------------------+----------------------------------+
| 94  | Not in use                  | ####### Not in use               |
+-----+-----------------------------+----------------------------------+
| 95  | Only four anticipated       | ####                             |
|     | disbursements are allowed   | ### More than four anticipated d |
|     | for a PLUS loan             | isbursements are on the PLUS LOR |
+-----+-----------------------------+----------------------------------+
| 96  | Not in use; Change reject   | ######                           |
|     | only                        | # Not in use; Change reject only |
+-----+-----------------------------+----------------------------------+
| 97  | Invalid Origination Fee     | ####### O                        |
|     | Percentage                  | rigination fee percentage is not |
|     |                             |  equal to the current originatio |
|     |                             | n fee allowed for this loan type |
+-----+-----------------------------+----------------------------------+
| 98  | Not in use                  | ####### Not in use               |
+-----+-----------------------------+----------------------------------+
| 99  | Not in use                  | ####### Not in use               |
+-----+-----------------------------+----------------------------------+
| A1  | Not in use                  | ####### Not in use               |
+-----+-----------------------------+----------------------------------+
| A2  | Not in use; Change reject   | ######                           |
|     | only                        | # Not in use; Change reject only |
+-----+-----------------------------+----------------------------------+
| A3  | Not in use                  | ####### Not in use               |
+-----+-----------------------------+----------------------------------+
| A4  | Not in use                  | ####### Not in use               |
+-----+-----------------------------+----------------------------------+
| A5  | Anticipated Interest Rebate | ####### Inte                     |
|     | Amount is not equal to the  | rest rebate amount is not equal  |
|     | LOC's calculated interest   | to the net amount minus (the gro |
|     | rebate amount               | ss amount minus loan fee amount) |
|     |                             |                                  |
|     |                             | #######  (+ or - \$1 tolerance)  |
+-----+-----------------------------+----------------------------------+
| A6  | Not in use; Change reject   | ######                           |
|     | only                        | # Not in use; Change reject only |
+-----+-----------------------------+----------------------------------+
| A7  | Not in use; Change reject   | ######                           |
|     | only                        | # Not in use; Change reject only |
+-----+-----------------------------+----------------------------------+
| A8  | Not in use; Change reject   | ######                           |
|     | only                        | # Not in use; Change reject only |
+-----+-----------------------------+----------------------------------+

### Loan Origination Change Reject Codes 

These codes appear in field #2 and Error code fields 01--10 in the Loan
Origination Change Acknowledgement (DIOC02OP) file.

**Note:** All questions regarding the definition of the reject codes or
LOC edits should be directed to the Loan Origination Center at
**800/848-0978**.

  ---------- ----------------------------- -----------------------------------
  **Code**   **Error Message**             **Edit Description**

  01         Invalid School Code           Direct loan school code type not
                                           equal to \"E\" or \"G,\" or school
                                           code number not numeric or school
                                           code not on file at the LOC

  02         Borrower\'s Address is        Borrower\'s zip code is blank, or
             incomplete                    city blank, or state blank or
                                           invalid

  03         Invalid Borrower's Date of    Borrower\'s birth date zero, blank,
             Birth                         or invalid format Borrower's age
                                           must be \> 12 and \< 100

  04         Invalid Borrower's Loan       Borrower\'s loan default/grant
             Default/Grant Overpayment     overpayment value is not "N" or "Z"
                                           (default override code)

  05         Invalid Borrower\'s           Borrower\'s citizenship is not "1"
             Citizenship                   for U.S. citizen or "2" for
                                           eligible non-citizen (PLUS only)

  06         Must provide Borrower's First Borrower\'s first and last names
             or Last Name                  are blank

  07         Must provide Borrower\'s      Borrower\'s citizenship is "2,"
             Alien Registration Number     eligible non-citizen, and alien
                                           registration number is zero(s) or
                                           blank (PLUS only)

  08         Anticipated Disbursement Date Anticipated disbursement date more
             Prior to the Loan Period      than 10 days before the loan period
             Start Date (-10 Days)         start date

  09         Anticipated Disbursement Date Anticipated disbursement date more
             after the Loan Period End     than 90 days after the loan period
             Date (+90 Days)               end date

  10         Not in use; Origination       Not in use; Origination reject only
             reject only                   

  11         Anticipated Disbursement Date Anticipated disbursement date is
             is blank                      zero or blank and loan amount
                                           approved is not equal to zero

  12         Total anticipated gross       Sum of all the anticipated gross
             amount must be less than or   amounts is greater than the loan
             equal to the Loan Amount      amount approved
             Approved                      

  13         Not in use; Origination       Not in use; Origination reject only
             reject only                   

  14         Not in use                    Not in use

  15         Not in use; Origination       Not in use; Origination reject only
             reject only                   

  16         Not in use; Origination       Not in use; Origination reject only
             reject only                   
  ---------- ----------------------------- -----------------------------------

Loan Origination Change Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 17  | Borrower has the same       | Invalid SSN                      |
|     | Social Security Number as   |                                  |
|     | another direct loan         | A borrower with the same SSN,    |
|     | borrower                    | DOB combination already exists   |
|     |                             | at the LOC                       |
+-----+-----------------------------+----------------------------------+
| 18  | ~~Anticipated Loan Fee      | ~~Anticipated loan fee amount is |
|     | Amount is not equal to the  | not equal to the gross amount    |
|     | LOC's calculated loan fee   | times loan fee percentage~~      |
|     | amount~~                    |                                  |
|     |                             | ***Not in use; origination       |
|     | ***Not in use; origination  | reject only.***                  |
|     | reject only.***             |                                  |
+-----+-----------------------------+----------------------------------+
| 19  | Field cannot be modified    | Non-modifiable field             |
+-----+-----------------------------+----------------------------------+
| 20  | Invalid state code          | State code is not blank and not  |
|     |                             | a valid state code               |
+-----+-----------------------------+----------------------------------+
| 21  | Invalid Disclosure          | Disclosure statement print       |
|     | Statement Print Indicator   | indicator is not Y or Blank      |
+-----+-----------------------------+----------------------------------+
| 22  | Invalid Change Field Number | Change field transmit number is  |
|     |                             | invalid                          |
+-----+-----------------------------+----------------------------------+
| 23  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 24  | Loan Identifier does not    | Loan identifier is not on file   |
|     | exist                       | at the LOC                       |
+-----+-----------------------------+----------------------------------+
| 25  | Invalid Loan Period Start   | Either loan period start date or |
|     | or End Date                 | loan period end date is equal to |
|     |                             | zero or blank, or loan period    |
|     |                             | start date occurs before date    |
|     |                             | allowed for the program year     |
+-----+-----------------------------+----------------------------------+
| 26  | Loan Amount Approved        | Loan amount approved greater     |
|     | exceeds the maximum annual  | than the maximum annual loan     |
|     | loan limits for this        | limit amount:                    |
|     | borrower at your school for |                                  |
|     | equal or overlapping        | [Dependent Student]{.underline}  |
|     | academic years              |                                  |
|     |                             | 1st Year (Grade level 0 or 1)\   |
|     | Review the borrower's       | Sub Max=2,625\                   |
|     | academic years, dependency  | Sub and Unsub Max=2,625          |
|     | status, grade level, loan   |                                  |
|     | amount approved, and if     | 2nd Year (Grade level 2)\        |
|     | applicable, the additional  | Sub Max=3,500\                   |
|     | unsubsidized eligibility    | Sub and Unsub Max=3,500          |
|     | for a dependent student     |                                  |
|     | and/or Health Profession    | 3rd Year, 4th Year, or 5th Year  |
|     | Programs                    | eligible undergraduate (Grade    |
|     |                             | level 3, 4, or 5)\               |
|     |                             | Sub Max=5,500\                   |
|     |                             | Sub and Unsub Max=5,500          |
|     |                             |                                  |
|     |                             | [Dependent Student Eligible for  |
|     |                             | Additional Unsubsidized          |
|     |                             | Amount]{.underline}              |
|     |                             |                                  |
|     |                             | 1st Year (Grade level 0 or 1)\   |
|     |                             | Sub Max=2,625\                   |
|     |                             | Sub and Unsub Max=6,625          |
|     |                             |                                  |
|     |                             | 2nd Year (Grade level 2)\        |
|     |                             | Sub Max=3,500\                   |
|     |                             | Sub and Unsub Max=7,500          |
|     |                             |                                  |
|     |                             | 3rd Year, 4th Year, or 5th Year  |
|     |                             | eligible undergraduate (Grade    |
|     |                             | level 3, 4, or 5)\               |
|     |                             | Sub Max=5,500\                   |
|     |                             | Sub and Unsub Max=10,500         |
+-----+-----------------------------+----------------------------------+

Loan Origination Change Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 26, | Loan Amount Approved        | [Independent                     |
| c   | exceeds the annual maximum  | Student]{.underline}             |
| ont | loan limits for this        |                                  |
|     | borrower at your school for | 1st Year (Grade level 0 or 1)\   |
|     | equal or overlapping        | Sub Max=2,625\                   |
|     | academic years              | Unsub and Sub Max=6,625          |
|     |                             |                                  |
|     | Review the borrower's       | 2nd Year (Grade level 2)\        |
|     | academic years, dependency  | Sub Max=3,500\                   |
|     | status, grade level, loan   | Unsub and Sub Max=7,500          |
|     | amount approved, and if     |                                  |
|     | applicable, the additional  | 3rd Year, 4th Year, or 5th Year  |
|     | unsubsidized eligibility    | eligible undergraduate (Grade    |
|     | for a dependent student     | level 3, 4, or 5)\               |
|     | and/or Health Professions   | Undergrad Sub Max=5,500\         |
|     |                             | Unsub and Sub Max=10,500         |
|     |                             |                                  |
|     |                             | Graduate/professional and beyond |
|     |                             | (Grade level 6 or 7)\            |
|     |                             | Sub Max=8,500\                   |
|     |                             | Sub and Unsub Max=18,500         |
|     |                             |                                  |
|     |                             | *Health Profession Programs Loan |
|     |                             | Limits*                          |
|     |                             |                                  |
|     |                             | [Independent & Dependent Student |
|     |                             | Eligible for Additional          |
|     |                             | Unsubsidized Amount]{.underline} |
|     |                             |                                  |
|     |                             | 4th Year or 5th Year eligible    |
|     |                             | undergraduate (Grade level 4 or  |
|     |                             | 5)\                              |
|     |                             | Undergrad Sub Max= 5,500\        |
|     |                             | Unsub and Sub Max= 27,167        |
|     |                             |                                  |
|     |                             | [Graduate/professional and       |
|     |                             | beyond]{.underline} (Grade level |
|     |                             | 6 or 7)                          |
|     |                             |                                  |
|     |                             | Sub Max=8,500\                   |
|     |                             | Sub and Unsub Max=45,167         |
+-----+-----------------------------+----------------------------------+
| 27  | ~~Anticipated Net Amount is | ~~Anticipated disbursement net   |
|     | not equal to the LOC's      | amount not equal to gross amount |
|     | calculated net amount~~     | minus (gross amount times (loan  |
|     |                             | fee percentage minus interest    |
|     | ***Not in use; origination  | rebate percentage)~~             |
|     | reject only.***             |                                  |
|     |                             | ~~(+ or - \$1 tolerance)~~       |
|     |                             |                                  |
|     |                             | ***Not in use; origination       |
|     |                             | reject only.***                  |
+-----+-----------------------------+----------------------------------+
| 28  | Invalid Loan Type           | Loan type is not equal to \"S\"  |
|     |                             | or \"U\" or \"P" or loan         |
|     |                             | sequence number is less than 0   |
|     |                             | or greater than 999.             |
+-----+-----------------------------+----------------------------------+
| 29  | Invalid                     | SSN is blank or not numeric or   |
|     | Borrower's/Student's Social | SSN is less than 001010001       |
|     | Security Number             |                                  |
+-----+-----------------------------+----------------------------------+
| 30  | Invalid loan period         | Loan period is greater than 12   |
|     |                             | months***, or Loan Period Start  |
|     |                             | Date equals Loan Period End      |
|     |                             | Date***                          |
+-----+-----------------------------+----------------------------------+
| 31  | Loan Period Start Date is   | Loan period end date is prior to |
|     | greater than the Loan       | the loan period start date       |
|     | Period End Date             |                                  |
+-----+-----------------------------+----------------------------------+
| 32  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+

Loan Origination Change Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 33  | Loan Amount Approved must   | Loan amount approved is less     |
|     | be positive                 | than or equal to zero            |
+-----+-----------------------------+----------------------------------+
| 34  | Invalid Promissory Note     | Promissory note print indicator  |
|     | Print Indicator             | is not \"O,\" \"F,\" \"R,\"      |
|     |                             | \"S,\" or \"Z\"                  |
+-----+-----------------------------+----------------------------------+
| 35  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 36  | Borrower and Student's      | Borrower's and student's SSN are |
|     | Social Security Number      | the same (PLUS only)             |
|     | cannot be the same          |                                  |
+-----+-----------------------------+----------------------------------+
| 37  | Invalid Student's Date of   | Student\'s DOB is equal to zero, |
|     | Birth                       | blank, or is in an invalid       |
|     |                             | format                           |
|     |                             |                                  |
|     |                             | Student's age must be \> 12 and  |
|     |                             | \< 100                           |
+-----+-----------------------------+----------------------------------+
| 38  | Invalid Student's           | Student\'s citizenship is not    |
|     | Citizenship                 | "1" for U.S. citizen or "2" for  |
|     |                             | eligible non-citizen (PLUS only) |
+-----+-----------------------------+----------------------------------+
| 39  | Invalid Student's Loan      | Student\'s loan default/grant    |
|     | Default/Grant Overpayment   | overpayment value is not "N" or  |
|     |                             | "Z" (default override code)      |
+-----+-----------------------------+----------------------------------+
| 40  | Invalid Student's First or  | Student\'s first and last names  |
|     | Last Name                   | are blank                        |
+-----+-----------------------------+----------------------------------+
| 41  | Invalid Student\'s Alien    | Student\'s citizenship is "2,"   |
|     | Registration Number         | eligible non-citizen, and alien  |
|     |                             | registration number is zero(s)   |
|     |                             | or blank (PLUS only)             |
+-----+-----------------------------+----------------------------------+
| 42  | School is closed            | Direct loan school code has a    |
|     |                             | closed status on the LOC file    |
+-----+-----------------------------+----------------------------------+
| 43  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 44  | School is ineligible        | Direct loan school code has an   |
|     |                             | ineligible or non-participating  |
|     |                             | status on the LOC file           |
+-----+-----------------------------+----------------------------------+
| 45  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 46  | Invalid Borrower\'s Middle  | Borrower\'s middle initial is    |
|     | Initial                     | not blank and is not alphabetic  |
+-----+-----------------------------+----------------------------------+
| 47  | Invalid Student\'s Middle   | Student\'s middle initial is not |
|     | Initial                     | blank and is not alphabetic      |
+-----+-----------------------------+----------------------------------+
| 48  | Invalid Borrower's          | Borrower's telephone number is   |
|     | Telephone Number            | not blank and not numeric        |
+-----+-----------------------------+----------------------------------+
| 49  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 50  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 51  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 52  | Invalid Date Format         | Date format is not CCYYMMDD      |
+-----+-----------------------------+----------------------------------+
| 53  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 54  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+

Loan Origination Change Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 55  | Invalid Zip Code            | Zip code is not blank and not    |
|     |                             | numeric                          |
+-----+-----------------------------+----------------------------------+
| 56  | Invalid Borrower\'s State   | Zip code is not blank and state  |
|     | Code                        | code is blank                    |
+-----+-----------------------------+----------------------------------+
| 57  | Borrower\'s Permanent Zip   | Borrower\'s permanent address    |
|     | Code should not be blank    | state is not blank and is not    |
|     |                             | "CN," "MX," or "FC"              |
+-----+-----------------------------+----------------------------------+
| 58  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 59  | Invalid numeric field       | Numeric field contains           |
|     |                             | non-numeric characters           |
+-----+-----------------------------+----------------------------------+
| 60  | Invalid Dependency Status   | Loan dependency status is not    |
|     |                             | equal to "I" or "D"              |
+-----+-----------------------------+----------------------------------+
| 61  | Student\'s Local Address is | Student's local address, city,   |
|     | incomplete                  | and/or state is blank            |
+-----+-----------------------------+----------------------------------+
| 62  | Student\'s Local Zip Code   | Student's local zip code is not  |
|     | must be numeric             | blank and not numeric            |
+-----+-----------------------------+----------------------------------+
| 63  | Student\'s Local Address    | Student's local zip code is not  |
|     | State should not be blank   | blank and local state is blank   |
+-----+-----------------------------+----------------------------------+
| 64  | Student\'s Local Zip Code   | Student's local address state is |
|     | should not be blank         | not blank and is not "CN," "MX," |
|     |                             | or "FC," and zip code is blank   |
+-----+-----------------------------+----------------------------------+
| 65  | Invalid Student\'s Local    | Student's local address state    |
|     | Address State               | code is not blank and not a      |
|     |                             | valid state code                 |
+-----+-----------------------------+----------------------------------+
| 66  | Invalid Borrower's          | Borrower's permanent address     |
|     | Permanent Address Change    | change date format is not        |
|     | Date                        | CCYYMMDD or is an invalid date   |
+-----+-----------------------------+----------------------------------+
| 67  | Invalid Student's Local     | Student's local address change   |
|     | Address Change Date         | date format is not CCYYMMDD or   |
|     |                             | is an invalid date               |
+-----+-----------------------------+----------------------------------+
| 68  | Invalid Borrower's Social   | Borrower's SSN change date       |
|     | Security Number Change Date | format is not CCYYMMDD or is an  |
|     |                             | invalid date                     |
+-----+-----------------------------+----------------------------------+
| 69  | Invalid Borrower's Date of  | Borrower's DOB change date       |
|     | Birth Change Date           | format is not CCYYMMDD or is an  |
|     |                             | invalid date                     |
+-----+-----------------------------+----------------------------------+
| 70  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 71  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 72  | ~~Total Anticipated Gross   | ~~Anticipated gross disbursement |
|     | Amount must be greater than | amount is blank or zero, or      |
|     | zero~~                      | total anticipated gross          |
|     |                             | disbursements is less than       |
|     | ***Not in use; origination  | zero~~                           |
|     | reject only.***             |                                  |
|     |                             | ***Not in use; origination       |
|     |                             | reject only.***                  |
+-----+-----------------------------+----------------------------------+
| 73  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 74  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 75  | Acknowledged but not        | LOC researching issue            |
|     | applied                     |                                  |
+-----+-----------------------------+----------------------------------+
| 76  | Not in use: Origination     | Not in use: Origination reject   |
|     | reject only                 | only                             |
+-----+-----------------------------+----------------------------------+
| 77  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 78  | Invalid Student\'s College  | Student's college grade level is |
|     | Grade Level                 | not equal to 0, 1, 2, 3, 4, 5,   |
|     |                             | 6, or 7                          |
+-----+-----------------------------+----------------------------------+

Loan Origination Change Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 79  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 80  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 81  | Program Year and Cycle      | Program year in loan identifier  |
|     | Indicator do not match      | does not match cycle indicator   |
|     |                             | on batch identifier              |
+-----+-----------------------------+----------------------------------+
| 82  | Actual gross disbursement   | Loan Amount Approved is less     |
|     | amount exceeds Loan Amount  | than the sum of the actual gross |
|     | Approved                    | disbursement amount              |
+-----+-----------------------------+----------------------------------+
| 83  | Borrower and student cannot | Borrower and student's date of   |
|     | be the same person          | birth are the same (PLUS only)   |
+-----+-----------------------------+----------------------------------+
| 84  | Endorser and student cannot | Invalid SSN. An endorser with    |
|     | be the same person          | the same SSN, DOB combination as |
|     |                             | the student already exists at    |
|     |                             | the LOC                          |
+-----+-----------------------------+----------------------------------+
| 85  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 86  | Invalid Academic Year Start | Academic year start date or      |
|     | and End Dates               | academic year end date is zeroes |
|     |                             | or is not a valid date           |
|     |                             |                                  |
|     |                             | Academic year end date is not    |
|     |                             | greater than academic year start |
|     |                             | date, or academic year is        |
|     |                             | greater than 12 months           |
+-----+-----------------------------+----------------------------------+
| 87  | Invalid Additional          | Additional Unsubsidized          |
|     | Unsubsidized Eligibility up | Eligibility code is not equal to |
|     | to Health Profession        | "Y" or blank                     |
|     | Programs Amount             |                                  |
|     |                             | \--OR\--                         |
|     |                             |                                  |
|     |                             | Student's grade level is not     |
|     |                             | eligible for an additional       |
|     |                             | unsubsidized amount up to Health |
|     |                             | Profession Program amount        |
|     |                             |                                  |
|     |                             | Additional Unsubsidized          |
|     |                             | Eligibility code must be for     |
|     |                             | student grade levels 4, 5, 6, or |
|     |                             | 7                                |
+-----+-----------------------------+----------------------------------+
| 88  | Invalid Additional          | Additional Unsubsidized          |
|     | Unsubsidized Eligibility    | Eligibility code not equal to    |
|     | for Dependent Student       | "Y" or blank,                    |
|     |                             |                                  |
|     |                             | \--OR\--                         |
|     |                             |                                  |
|     |                             | An independent student is not    |
|     |                             | eligible for an additional       |
|     |                             | unsubsidized amount              |
|     |                             |                                  |
|     |                             | Additional Unsubsidized          |
|     |                             | Eligibility code must be for a   |
|     |                             | dependent undergraduate student  |
|     |                             | (grade level 0, 1, 2, 3, 4, or   |
|     |                             | 5)                               |
+-----+-----------------------------+----------------------------------+
| 89  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 90  | All actual disbursements    | All actual disbursements         |
|     | must be adjusted to \$0     | corresponding to this loan are   |
|     |                             | not adjusted to \$0 and loan     |
|     |                             | amount approved is being         |
|     |                             | decreased to \$0                 |
+-----+-----------------------------+----------------------------------+

Loan Origination Change Reject Codes (Continued)

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 91  | Anticipated disbursement    | Anticipated disbursement amounts |
|     | gross amount(s) must be     | are zero(s) and loan amount      |
|     | greater than zero           | approved is being increased from |
|     |                             | \$0                              |
+-----+-----------------------------+----------------------------------+
| 92  | Loan Period Start and End   | Loan period start date and loan  |
|     | Dates exceed the Academic   | period end date are not equal to |
|     | Year Dates                  | or within the student's academic |
|     |                             | year dates                       |
+-----+-----------------------------+----------------------------------+
| 93  | Invalid Borrower's Social   | Borrower's SSN is under review   |
|     | Security Number             | by the LOC                       |
|     |                             |                                  |
|     |                             | Call the LOC for assistance      |
+-----+-----------------------------+----------------------------------+
| 94  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 95  | Only four anticipated       | PLUS loans cannot have more than |
|     | disbursements are allowed   | four anticipated disbursements   |
|     | for a PLUS loan             |                                  |
+-----+-----------------------------+----------------------------------+
| 96  | Loan not inactive for fee   | Loan must be made inactive       |
|     | change                      | before changing the fee          |
+-----+-----------------------------+----------------------------------+
| 97  | Invalid Origination Fee     | Origination fee percentage is    |
|     | Percentage                  | not equal to the current         |
|     |                             | origination fee allowed for this |
|     |                             | loan type                        |
+-----+-----------------------------+----------------------------------+
| 98  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 99  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| A1  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| A2  | First Anticipated           | Anticipated disbursement date is |
|     | Disbursement Date must be   | prior to the first anticipated   |
|     | the earliest                | disbursement date                |
+-----+-----------------------------+----------------------------------+
| A3  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| A4  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| A5  | Not in use; Origination     | Not in use; Origination reject   |
|     | reject only                 | only                             |
+-----+-----------------------------+----------------------------------+
| A6  | Cannot Change Academic Year | Loan is linked to an MPN based   |
|     | Start or End Date           | on academic year date and cannot |
|     |                             | be changed                       |
+-----+-----------------------------+----------------------------------+
| A7  | Invalid Interest Rebate     | Interest rebate percentage is    |
|     | Percentage                  | not a valid interest rebate      |
|     |                             | percentage                       |
+-----+-----------------------------+----------------------------------+
| A8  | All Actual Disbursements    | ####### All actual disbursement  |
|     | Are Not Reduced to Zero     | s must be reduced to zero before |
|     |                             |  or at the same time of changing |
|     |                             |  the interest rebate percentage. |
+-----+-----------------------------+----------------------------------+

### Promissory Note Reject Codes

**Note:** All questions regarding the definition of these reject codes
or the LOC edits should be directed to the Loan Origination Center at
**800/848-0978**.

  ---------- ---------- ----------------------------------------------------------
  **Code**   **Type**   **Error Text**

  01         \*         Missing origination record

  02         \*         Promissory note under review

  03                    Not in use

  04         \*\*       Missing loan identification number

  05         \*\*       No original signature

  06         \*\*       Document is in pencil

  07         \*\*       Section/Block is incomplete

  08         \*\*       Missing legal text

  09         \*\*       Student or parent is in default

  10         \*\*       Duplicate Promissory Note

  11         \*\*       Not in use

  A          \*\*       Borrower's signature is missing

  B          \*\*       Promissory note text or signature altered

  C          \*\*       Borrower's SSN is missing

  D          \*\*       Address is missing

  E          \*\*       Phone number is incomplete

  F          \*\*       Driver's license incomplete

  G          \*\*       Citizenship status is missing (PLUS)

  H          \*\*       Loan amount requested missing (PLUS)

  I          \*\*       Reference data is missing(PLUS)

  J          \*\*       Employer data is missing (PLUS)

  K          \*\*       Borrower's date of birth is missing

  L          \*\*       Student's SSN is missing (PLUS)

  M          \*\*       Student's signature is missing (PLUS)

  N          \*\*       School data is missing

  O          \*\*       Loan period is missing
  ---------- ---------- ----------------------------------------------------------

Promissory Note Reject Codes (Continued)

+-----+-----+----------------------------------------------------------+
| **  | **  | ######### Error Text                                     |
| Cod | Typ |                                                          |
| e** | e** |                                                          |
+-----+-----+----------------------------------------------------------+
| P   | \   | Disbursement dates are missing                           |
|     | *\* |                                                          |
+-----+-----+----------------------------------------------------------+
| Q   | \   | Student's date of birth is missing                       |
|     | *\* |                                                          |
+-----+-----+----------------------------------------------------------+
| R   | \   | Citizenship data (Alien Registration Number) is missing  |
|     | *\* | (PLUS)                                                   |
+-----+-----+----------------------------------------------------------+
| S   | \*  | Sum of actual disbursements greater than promissory note |
|     |     | amount **(**PLUS LOANS ONLY)                             |
+-----+-----+----------------------------------------------------------+
| T   | \   | Promissory note received earlier than 9 months prior to  |
|     | *\* | loan origination record                                  |
+-----+-----+----------------------------------------------------------+
| U   | \   | Signed date on promissory note after expiration date on  |
|     | *\* | form                                                     |
+-----+-----+----------------------------------------------------------+
| V   | \   | Promissory note marked "copy" or "non-negotiable"        |
|     | *\* | received                                                 |
+-----+-----+----------------------------------------------------------+
| W   | \   | Missing paper promissory note                            |
|     | *\* |                                                          |
+-----+-----+----------------------------------------------------------+
| X   | \   | Duplicate promissory note manifest                       |
|     | *\* |                                                          |
+-----+-----+----------------------------------------------------------+
| Y   | \   | Signed date on promissory note is missing                |
|     | *\* |                                                          |
+-----+-----+----------------------------------------------------------+
| Z   | \   | Citizenship is marked as an ineligible non-citizen       |
|     | *\* |                                                          |
+-----+-----+----------------------------------------------------------+

\*Indicates an electronic edit

\*\*Indicates a manual edit

Promissory Note Reject codes are mainly handled through a manual
process. However, reject codes "01" and "S" could be returned on the
promissory note acknowledgement. Once the Promissory Notes are received
in the LOC mailroom, they are manually inspected for missing or
incorrect information. A generic checklist is used. If it is determined
that there are errors or that information is missing, then the checklist
will be marked in the appropriate blank for the error and returned to
the school or borrower (Standard Origination schools). A copy of the
Promissory Note Manual Reject Checklist is included in the appendix.

### Cash Allocation Reject Codes

**Note:** All questions regarding the definition of the reject codes
and/or the LOC edits should be directed to the Loan Origination Center
at **800/848-0978**.

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| RA  | Invalid record type for LOC | The #K record layout has been    |
|     |                             | eliminated                       |
|     |                             |                                  |
|     |                             | All allocations must be done on  |
|     |                             | the GAPS Web Site                |
+-----+-----------------------------+----------------------------------+

### Disbursement Reject Codes

**Note:** All questions regarding the definition of the reject codes or
the LOC edits should be directed to the Loan Origination Center at
**800/848-0978**.

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Resolution**              |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 1   | Disbursement cancellation   | Disbursement activity should be  |
|     | not allowed                 | "D," "A," or "Q"                 |
+-----+-----------------------------+----------------------------------+
| 2   | School is currently a       | Direct loan school code has an   |
|     | non-participating school    | ineligible or non-participating  |
|     |                             | status on the LOC file           |
+-----+-----------------------------+----------------------------------+
| 3   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 4   | Discrepancy being           | Contact the LOC.                 |
|     | researched by the LOC       |                                  |
+-----+-----------------------------+----------------------------------+
| 5   | Program Year and Cycle      | Program year in loan identifier  |
|     | Indicator do not match      | should match cycle indicator in  |
|     |                             | batch identifier on the batch    |
|     |                             | header                           |
+-----+-----------------------------+----------------------------------+
| 6   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 7   | Disbursement Actual Net     | Disbursement actual net amount   |
|     | Amount does not match LOC's | is not equal to the LOC's        |
|     | calculated net amount       | calculated net amount (+ or -    |
|     |                             | \$1 tolerance)                   |
|     |                             |                                  |
|     |                             | The net amount is calculated     |
|     |                             | using the following steps:       |
|     |                             |                                  |
|     |                             | **Step 1:** Calculate the        |
|     |                             | Combined Fee/Interest Rebate     |
|     |                             | Percentage by subtracting the    |
|     |                             | Interest Rebate Percentage from  |
|     |                             | the Loan Fee Percentage          |
|     |                             |                                  |
|     |                             | **Step 2:** Calculate the        |
|     |                             | Combined Fee/Interest Rebate     |
|     |                             | Amount by multiplying the Gross  |
|     |                             | Amount by the Combined           |
|     |                             | Fee/Interest Rebate Percentage   |
|     |                             | and truncating the result        |
|     |                             |                                  |
|     |                             | **Step 3:** Calculate the Net    |
|     |                             | Amount by subtracting the        |
|     |                             | Combined Fee/Interest Rebate     |
|     |                             | Amount from the Gross Amount     |
+-----+-----------------------------+----------------------------------+
| 8   | Invalid Disbursement Actual | Disbursement actual net amount   |
|     | Net Amount                  | should be greater than zero for  |
|     |                             | actual disbursement              |
|     |                             | (disbursement activity = "D")    |
|     |                             |                                  |
|     |                             | \-- OR \--                       |
|     |                             |                                  |
|     |                             | Disbursement actual net amount   |
|     |                             | should be greater than or equal  |
|     |                             | to zero for adjusted             |
|     |                             | disbursement amount              |
|     |                             | (disbursement activity = "A")    |
+-----+-----------------------------+----------------------------------+
| 9   | Disbursement Actual Loan    | Disbursement actual loan fee     |
|     | Fee Amount does not match   | amount (truncated) should be     |
|     | LOC's calculated loan fee   | equal to the disbursement actual |
|     | amount                      | gross amount multiplied by the   |
|     |                             | loan fee percentage              |
|     |                             |                                  |
|     |                             | (+ or - \$1 tolerance)           |
+-----+-----------------------------+----------------------------------+

**Disbursement Reject Codes (Continued)**

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 10  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 11  | Invalid Disbursement Actual | Disbursement actual fee amount   |
|     | Loan Fee Amount             | should be greater than or equal  |
|     |                             | to zero                          |
+-----+-----------------------------+----------------------------------+
| 12  | Invalid Disbursement Actual | Disbursement actual gross amount |
|     | Gross Amount                | should be greater than zero for  |
|     |                             | actual disbursement              |
|     |                             | (disbursement activity = "D")    |
|     |                             |                                  |
|     |                             | \-- OR \--                       |
|     |                             |                                  |
|     |                             | Disbursement actual gross amount |
|     |                             | should be greater than or equal  |
|     |                             | to zero for an adjusted          |
|     |                             | disbursement amount              |
|     |                             | (disbursement activity = "A")    |
+-----+-----------------------------+----------------------------------+
| 13  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 14  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 15  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 16  | Disbursement Sequence       | Disbursement sequence number     |
|     | Number not in sequential    | should be one higher than the    |
|     | order                       | last previously accepted         |
|     |                             | transaction for this             |
|     |                             | disbursement                     |
|     |                             |                                  |
|     |                             | For example:                     |
|     |                             |                                  |
|     |                             | Disbursement Sequence Number 02  |
|     |                             | followed by Disbursement         |
|     |                             | Sequence Number 03 is accepted   |
|     |                             |                                  |
|     |                             | Disbursement Sequence Number 02  |
|     |                             | followed by Disbursement         |
|     |                             | Sequence Number 04 is rejected   |
+-----+-----------------------------+----------------------------------+
| 17  | An actual disbursement does | Actual disbursement with a       |
|     | not exist for this          | disbursement number matching the |
|     | disbursement number         | adjusted disbursement date       |
|     |                             | (disbursement activity = "Q")    |
|     |                             | has not been accepted by the LOC |
|     |                             |                                  |
|     |                             | \-- OR \--                       |
|     |                             |                                  |
|     |                             | Anticipated disbursement with a  |
|     |                             | disbursement number matching the |
|     |                             | adjusted disbursement date       |
|     |                             | (disbursement activity = "Q") is |
|     |                             | not on file at the LOC           |
+-----+-----------------------------+----------------------------------+
| 18  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 19  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+

**Disbursement Reject Codes (Continued)**

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 20  | Disbursement date cannot be | Transaction date on the adjusted |
|     | after the current date      | disbursement date (disbursement  |
|     |                             | activity = "Q") should not be    |
|     |                             | greater than the current         |
|     |                             | processing date                  |
|     |                             |                                  |
|     |                             | For example:                     |
|     |                             |                                  |
|     |                             | The transaction date             |
|     |                             | (disbursement date) for a date   |
|     |                             | adjustment submitted to the LOC  |
|     |                             | on "06/01/2001" should not be no |
|     |                             | greater than "06/01/2001"        |
+-----+-----------------------------+----------------------------------+
| 21  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 22  | New disbursement date is    | Transaction date should be       |
|     | more than 120 days after    | within 120 days of the           |
|     | the original disbursement   | acknowledgement date on the      |
|     | date                        | adjusted disbursement date       |
|     |                             | (disbursement activity = "Q")    |
+-----+-----------------------------+----------------------------------+
| 23  | Original disbursement date  | Acknowledgement date on the      |
|     | is invalid or missing       | adjusted disbursement date       |
|     |                             | (disbursement activity = "Q")    |
|     |                             | should be numeric and formatted  |
|     |                             | as CCYYMMDD                      |
+-----+-----------------------------+----------------------------------+
| 24  | Disbursement Actual Gross   | A student's disbursement gross   |
|     | Amount exceeds the maximum  | amounts may not exceed the       |
|     | annual loan limit for this  | maximum annual loan limit        |
|     | borrower at all enrolled    |                                  |
|     | schools for equal or        | #######                          |
|     | overlapping academic years  |  [Dependent Student]{.underline} |
|     |                             |                                  |
|     | Review the Duplicate        | 1st Year (Grade Level 0 or 1)    |
|     | Borrower Report to help     |                                  |
|     | resolve this issue          | Sub Max = \$2,625                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$2,625      |
|     |                             |                                  |
|     |                             | 2nd Year (Grade Level 2)         |
|     |                             |                                  |
|     |                             | Sub Max = \$3,500                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$3,500      |
|     |                             |                                  |
|     |                             | 3rd Year, 4th Year, or 5th Year  |
|     |                             | eligible undergraduate (Grade    |
|     |                             | Level 3, 4, or 5)                |
|     |                             |                                  |
|     |                             | Sub Max = \$5,500                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$5,500      |
+-----+-----------------------------+----------------------------------+

**Disbursement Reject Codes (Continued)**

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 24, | Disbursement Actual Gross   | [Dependent Student Eligible for  |
| c   | Amount exceeds the maximum  | Additional Unsubsidized          |
| ont | annual loan limit for this  | Amount]{.underline}              |
|     | borrower at all enrolled    |                                  |
|     | schools for equal or        | 1st Year (Grade Level 0 or 1)    |
|     | overlapping academic years  |                                  |
|     |                             | Sub Max = \$2,625                |
|     | Review the Duplicate        |                                  |
|     | Borrower Report to help     | Sub and Unsub Max = \$6,625      |
|     | resolve this issue          |                                  |
|     |                             | 2nd Year (Grade Level 2)         |
|     |                             |                                  |
|     |                             | Sub Max = \$3,500                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$7,500      |
|     |                             |                                  |
|     |                             | 3rd Year, 4th Year, or 5th Year  |
|     |                             | eligible undergraduate (Grade    |
|     |                             | Level 3, 4, or 5)                |
|     |                             |                                  |
|     |                             | Sub Max = \$5,500                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$10,500     |
|     |                             |                                  |
|     |                             | ####### [                        |
|     |                             | Independent Student]{.underline} |
|     |                             |                                  |
|     |                             | 1st Year (Grade Level 0 or 1)    |
|     |                             |                                  |
|     |                             | Sub Max = \$2,625                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$6,625      |
|     |                             |                                  |
|     |                             | 2nd Year (Grade Level 2)         |
|     |                             |                                  |
|     |                             | Sub Max = \$3,500                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$7,500      |
|     |                             |                                  |
|     |                             | 3rd Year, 4th Year, or 5th Year  |
|     |                             | eligible undergraduate (Grade    |
|     |                             | Level 3, 4, or 5)                |
|     |                             |                                  |
|     |                             | Sub Max = \$5,500                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$10,500     |
|     |                             |                                  |
|     |                             | [Graduate/professional and       |
|     |                             | beyond (Grade Level              |
|     |                             | 6)]{.underline}                  |
|     |                             |                                  |
|     |                             | Sub Max = \$8,500                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$18,500     |
+-----+-----------------------------+----------------------------------+

**Disbursement Reject Codes (Continued)**

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 24, | Disbursement Actual Gross   | *Health Profession Programs Loan |
| c   | Amount exceeds the maximum  | Limits*                          |
| ont | annual loan limit for this  |                                  |
|     | borrower at all enrolled    | [Independent Student & Dependent |
|     | schools for equal or        | Student Eligible for Additional  |
|     | overlapping academic years  | Unsubsidized Amount]{.underline} |
|     |                             |                                  |
|     | Review the Duplicate        | 4th Year or 5th Year eligible    |
|     | Borrower Report to help     | undergraduate (Grade Level 4 or  |
|     | resolve this issue          | 5)                               |
|     |                             |                                  |
|     |                             | Undergrad Sub Max = \$5,500      |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$27,167     |
|     |                             |                                  |
|     |                             | [Graduate/professional and       |
|     |                             | beyond (Grade Level 6 or         |
|     |                             | 7)]{.underline}                  |
|     |                             |                                  |
|     |                             | Sub Max = \$8,500                |
|     |                             |                                  |
|     |                             | Sub and Unsub Max = \$45,167     |
+-----+-----------------------------+----------------------------------+
| 25  | Total Disbursement Actual   | Sum of the disbursement actual   |
|     | Gross Amount cannot be      | gross amounts for all            |
|     | greater than the promissory | disbursements activities for     |
|     | note amount at the LOC for  | this loan should be less than or |
|     | this PLUS loan              | equal to the Promissory Note     |
|     |                             | Amount (PLUS Only)               |
+-----+-----------------------------+----------------------------------+
| 26  | Confirmation required prior | Confirmation flag should be "Y"  |
|     | to disbursement             | for first disbursements received |
|     |                             | from schools where confirmation  |
|     |                             | is required prior to disbursing  |
|     |                             |                                  |
|     |                             | Confirmation flag should be "Y"  |
|     |                             | for all disbursements received   |
|     |                             | from schools where confirmation  |
|     |                             | is required for all              |
|     |                             | disbursements before disbursing  |
+-----+-----------------------------+----------------------------------+
| 27  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 28  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 29  | Invalid Disbursement Number | Disbursement number should be    |
|     | for PLUS                    | 01, 02, 03, or 04 for PLUS       |
|     |                             | loans.                           |
+-----+-----------------------------+----------------------------------+
| 30  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+

**Disbursement Reject Codes (Continued)**

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 31  | Invalid Disbursement Number | Disbursement number should be    |
|     | for Subsidized/Unsubsidized | between 01 and 20, inclusive,    |
|     |                             | for Subsidized/Unsubsidized      |
|     |                             | loans                            |
+-----+-----------------------------+----------------------------------+
| 32  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 33  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 34  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 35  | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| 36  | Disbursement Actual Gross   | Disbursement actual gross amount |
|     | Amount is not numeric       | should be numeric                |
+-----+-----------------------------+----------------------------------+
| 37  | Disbursement Actual Loan    | Disbursement actual loan fee     |
|     | Fee Amount is not numeric   | amount should be numeric         |
+-----+-----------------------------+----------------------------------+
| 38  | Disbursement Actual Net     | Disbursement actual net amount   |
|     | Amount is not numeric       | should be numeric                |
+-----+-----------------------------+----------------------------------+
| 39  | Invalid Disbursement Actual | Disbursement actual gross amount |
|     | Gross Amount                | should be blank or zeros for     |
|     |                             | adjusted disbursement date       |
|     |                             | (disbursement activity = "Q")    |
+-----+-----------------------------+----------------------------------+
| 40  | Duplicate date adjustment   | Acknowledgement date (original   |
|     |                             | disbursement date) should not be |
|     |                             | the same as the transaction date |
|     |                             | (new disbursement date) for      |
|     |                             | adjusted disbursement date       |
|     |                             | (disbursement activity = "Q")    |
+-----+-----------------------------+----------------------------------+
| 41  | Original disbursement date  | Acknowledgement date (original   |
|     | does not match current      | disbursement date) should match  |
|     | disbursement date           | the current disbursement date on |
|     |                             | file at the LOC for adjusted     |
|     |                             | disbursement date (disbursement  |
|     |                             | activity = "Q")                  |
+-----+-----------------------------+----------------------------------+
| 42  | Invalid loan fee rate       | Loan fee rate used to calculate  |
|     |                             | the disbursement actual fee      |
|     |                             | amount should match the valid    |
|     |                             | fee rates in effect as of the    |
|     |                             | transaction date on the first    |
|     |                             | disbursement                     |
+-----+-----------------------------+----------------------------------+
| 43  | Missing loan limit data     | All of the components for        |
|     |                             | calculating the loan limit must  |
|     |                             | exist. Contact the LOC to        |
|     |                             | resolve the issue.               |
|     |                             |                                  |
|     |                             | At least one of the following is |
|     |                             | missing:                         |
|     |                             |                                  |
|     |                             | Dependency Status                |
|     |                             |                                  |
|     |                             | Grade Level                      |
|     |                             |                                  |
|     |                             | Academic Start Date              |
|     |                             |                                  |
|     |                             | Academic End Date                |
|     |                             |                                  |
|     |                             | Health Profession Programs       |
|     |                             | Indicator                        |
|     |                             |                                  |
|     |                             | Additional Unsubsidized          |
|     |                             | Eligibility Flag                 |
+-----+-----------------------------+----------------------------------+

**Disbursement Reject Codes (Continued)**

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 44  | First actual disbursement   | Transaction date of the first    |
|     | date cannot be after any    | disbursement should be earlier   |
|     | subsequent disbursements    | than the disbursement date of    |
|     |                             | any other disbursement for the   |
|     |                             | loan.                            |
|     |                             |                                  |
|     |                             | For Example:                     |
|     |                             |                                  |
|     |                             | The earliest disbursement date   |
|     |                             | from all subsequent              |
|     |                             | disbursements is "05/21/2001"    |
|     |                             | The disbursement date of the     |
|     |                             | first disbursement can be        |
|     |                             | changed to on or before          |
|     |                             | "05/21/2001"                     |
+-----+-----------------------------+----------------------------------+
| 45  | Invalid First Disbursement  | First disbursement flag should   |
|     | Flag                        | be "F", "C", or blank for actual |
|     |                             | disbursement (disbursement       |
|     |                             | activity = "D")                  |
|     |                             |                                  |
|     |                             | \-- OR \--                       |
|     |                             |                                  |
|     |                             | First disbursement flag is not   |
|     |                             | blank for adjusted disbursement  |
|     |                             | amounts and dates (disbursement  |
|     |                             | activity = "A" or "Q")           |
+-----+-----------------------------+----------------------------------+
| 46  | First disbursement must be  | Disbursement numbers 02--20 must |
|     | received before any         | have a first disbursement flag   |
|     | subsequent disbursements    | of "F" when no disbursement is   |
|     |                             | currently on file at the LOC.    |
|     |                             |                                  |
|     |                             | First disbursement can be        |
|     |                             | disbursement number 01, or any   |
|     |                             | other disbursement with the      |
|     |                             | first disbursement flag set to   |
|     |                             | "F"                              |
+-----+-----------------------------+----------------------------------+
| 47  | First disbursement must be  | First disbursement flag cannot   |
|     | received before any changes | be "C" when a first disbursement |
|     | to the first disbursement   | has not been accepted at the LOC |
+-----+-----------------------------+----------------------------------+
| 48  | First disbursement already  | First disbursement flag must be  |
|     | received                    | "C" or blank when a disbursement |
|     |                             | is already on file at the LOC    |
|     |                             |                                  |
|     |                             | First disbursement flag cannot   |
|     |                             | be "F" when a first disbursement |
|     |                             | is already on file at the LOC    |
+-----+-----------------------------+----------------------------------+
| 49  | First disbursement changed  | First disbursement can be        |
|     | more than twice             | changed a maximum of two times   |
|     |                             | before requiring U.S. Department |
|     |                             | of Education's approval          |
|     |                             |                                  |
|     |                             | First disbursement flag cannot   |
|     |                             | be "C" when two prior            |
|     |                             | disbursement transactions, with  |
|     |                             | a first disbursement flag of     |
|     |                             | "C," for the loan were accepted  |
|     |                             | by the LOC                       |
+-----+-----------------------------+----------------------------------+
| 50  | More than one disbursement  | More than one actual             |
|     | record contains the same    | disbursement was submitted to    |
|     | First Disbursement Flag for | the LOC with a first             |
|     | this loan                   | disbursement flag of "F" for     |
|     |                             | this loan in the same cycle      |
|     |                             |                                  |
|     |                             | \-- OR \--                       |
|     |                             |                                  |
|     |                             | More than one actual             |
|     |                             | disbursement was submitted to    |
|     |                             | the LOC with a first             |
|     |                             | disbursement flag of "C" for     |
|     |                             | this loan in the same cycle      |
+-----+-----------------------------+----------------------------------+

**Disbursement Reject Codes (Continued)**

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| 51  | First disbursement must     | Transaction date of the first    |
|     | have the earliest           | disbursement should be before    |
|     | disbursement date           | the disbursement date of any     |
|     |                             | other disbursement:              |
|     |                             |                                  |
|     |                             | For example:                     |
|     |                             |                                  |
|     |                             | The current first disbursement   |
|     |                             | date is "05/21/2001"             |
|     |                             |                                  |
|     |                             | The disbursement date of any     |
|     |                             | disbursement with a first        |
|     |                             | disbursement flag of "C" should  |
|     |                             | be on or before "05/21/2001"     |
|     |                             |                                  |
|     |                             | The disbursement date of any     |
|     |                             | disbursement with a blank first  |
|     |                             | disbursement flag should be on   |
|     |                             | or after "05/21/2001"            |
+-----+-----------------------------+----------------------------------+
| 52  | Disbursement Interest       | Disbursement interest rebate     |
|     | Rebate Amount is not        | amount should be numeric         |
|     | numeric                     |                                  |
+-----+-----------------------------+----------------------------------+
| 53  | Invalid Disbursement        | Disbursement interest rebate     |
|     | Interest Rebate Amount      | amount should be greater than or |
|     |                             | equal to zero for actual         |
|     |                             | disbursement (disbursement       |
|     |                             | activity = "D") and adjusted     |
|     |                             | disbursement amount              |
|     |                             | (disbursement activity = "A")    |
+-----+-----------------------------+----------------------------------+
| 54  | Disbursement Interest       | Disbursement interest rebate     |
|     | Rebate Amount does not      | amount does not equal the LOC's  |
|     | equal the LOC's calculated  | calculated interest rebate       |
|     | interest rebate amount      | amount                           |
|     |                             |                                  |
|     |                             | The LOC's interest rebate amount |
|     |                             | is calculated using the          |
|     |                             | following steps:                 |
|     |                             |                                  |
|     |                             | **Step 1:** Calculate the        |
|     |                             | Combined Fee/ Interest Rebate    |
|     |                             | Percentage by subtracting the    |
|     |                             | Interest Rebate Percentage from  |
|     |                             | the Loan Fee Percentage          |
|     |                             |                                  |
|     |                             | **Step 2:** Calculate the        |
|     |                             | Combined Fee/Interest Rebate     |
|     |                             | Amount by multiplying the Gross  |
|     |                             | Amount by the Combined           |
|     |                             | Fee/Interest Rebate Percentage   |
|     |                             | and truncating the result        |
|     |                             |                                  |
|     |                             | **Step 3:** Calculate the Fee    |
|     |                             | Amount by multiplying the Gross  |
|     |                             | Amount by the Loan Fee           |
|     |                             | Percentage and truncating the    |
|     |                             | result                           |
|     |                             |                                  |
|     |                             | **Step 4:** Calculate the        |
|     |                             | Interest Rebate Amount by        |
|     |                             | subtracting the Combined         |
|     |                             | Fee/Interest Rebate Amount from  |
|     |                             | the Fee Amount                   |
+-----+-----------------------------+----------------------------------+

**Disbursement Reject Codes (Continued)**

  ---------- ----------------------------- -----------------------------------
  **Code**   **Error Message**             **Edit Description**

  55         Invalid Loan Fee Rate for     Loan fee rate used to calculate the
             First Anticipated             disbursement actual fee amount
             Disbursement Date             should match the valid fee rate in
                                           effect as of the first anticipated
                                           disbursement date

  56         Invalid Adjusted Disbursement Disbursement actual fee amount
             Date fee amount               should be blank or zeroes for
                                           adjusted disbursement date
                                           (disbursement activity = "Q")

  57         Invalid Adjusted Disbursement Disbursement actual net amount
             Date net amount               should be blank or zeroes for
                                           adjusted disbursement date
                                           (disbursement activity = "Q")

  58         Invalid Adjusted Disbursement Disbursement interest rebate amount
             Date interest rebate amount   should be blank or zeroes for
                                           adjusted disbursement date
                                           (disbursement activity = "Q")
  ---------- ----------------------------- -----------------------------------

**Disbursement Reject Codes (Continued)**

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| A   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| B   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| C   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| D   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| E   | Invalid Disbursement        | Disbursement activity code       |
|     | Activity                    | should be "D", "A", or "Q"       |
+-----+-----------------------------+----------------------------------+
| F   | Invalid Disbursement        | Disbursement sequence number     |
|     | Sequence Number             | should be numeric and greater    |
|     |                             | than zero                        |
+-----+-----------------------------+----------------------------------+
| G   | Total Disbursement Actual   | The sum of the gross amounts for |
|     | Gross Amounts cannot be     | all disbursements activity for   |
|     | greater than the Loan       | this loan should be less than or |
|     | Amount Approved/Requested   | equal to the lower of the loan   |
|     |                             | amount approved and loan amount  |
|     |                             | requested                        |
+-----+-----------------------------+----------------------------------+
| H   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| I   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| J   | Credit check not yet        | Borrower should have an accepted |
|     | approved for this PLUS      | credit decision on file at the   |
|     | loan.                       | LOC before disbursing            |
+-----+-----------------------------+----------------------------------+
| K   | No Actual Disbursement      | Actual disbursement with a       |
|     | exists for this adjustment  | disbursement number matching the |
|     |                             | adjusted disbursement amount     |
|     |                             | (disbursement activity = "A")    |
|     |                             | has not been accepted by the LOC |
|     |                             |                                  |
|     |                             | \-- OR \--                       |
|     |                             |                                  |
|     |                             | Anticipated disbursement with a  |
|     |                             | disbursement number matching the |
|     |                             | adjusted disbursement amount     |
|     |                             | (disbursement activity = "A") is |
|     |                             | not on file at the LOC           |
+-----+-----------------------------+----------------------------------+
| L   | Unsatisfactory school       | Transaction date of the first    |
|     | eligibility conditions      | disbursement should be within    |
|     |                             | the school's eligibility period  |
|     |                             | (before withdrawal or after      |
|     |                             | reinstatement in the Direct Loan |
|     |                             | program)                         |
+-----+-----------------------------+----------------------------------+
| M   | Duplicate disbursement      | Disbursement number should not   |
|     | transaction                 | exist on file at the LOC         |
+-----+-----------------------------+----------------------------------+
| N   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| O   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+

**Disbursement Reject Codes (Continued)**

+-----+-----------------------------+----------------------------------+
| **  | **Error Message**           | **Edit Description**             |
| Cod |                             |                                  |
| e** |                             |                                  |
+-----+-----------------------------+----------------------------------+
| P   | Duplicate adjustment        | Disbursement actual gross        |
|     | transaction                 | amount, disbursement actual fee  |
|     |                             | amount, disbursement actual      |
|     |                             | interest rebate amount, and      |
|     |                             | disbursement actual net amount   |
|     |                             | should not match the current     |
|     |                             | gross amount, fee amount,        |
|     |                             | interest rebate amount, and net  |
|     |                             | amount on file at the LOC for    |
|     |                             | this disbursement                |
+-----+-----------------------------+----------------------------------+
| Q   | Disbursement date outside   | Transaction date should be no    |
|     | of allowable window         | more than 10 days prior to the   |
|     |                             | loan period start date and no    |
|     |                             | more than 90 days after the loan |
|     |                             | period end date                  |
+-----+-----------------------------+----------------------------------+
| R   | Disbursement date cannot be | Transaction date should not be   |
|     | after the current date      | greater than the current         |
|     |                             | processing date                  |
|     |                             |                                  |
|     |                             | For example:                     |
|     |                             |                                  |
|     |                             | The transaction date             |
|     |                             | (disbursement date) for a        |
|     |                             | disbursement submitted to the    |
|     |                             | LOC on "06/01/2001" should not   |
|     |                             | be greater than "06/01/2001"     |
+-----+-----------------------------+----------------------------------+
| S   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| T   | Must have valid promissory  | An accepted promissory note must |
|     | note to disburse            | be on file at the LOC for this   |
|     |                             | loan before disbursing for       |
|     |                             | Option 1 and Standard            |
|     |                             | Origination schools              |
+-----+-----------------------------+----------------------------------+
| U   | Invalid Loan Identifier     | Loan identifier must be accepted |
|     |                             | and on file at the LOC           |
+-----+-----------------------------+----------------------------------+
| V   | Invalid disbursement date   | Transaction date should be       |
|     |                             | formatted as CCYYMMDD and        |
|     |                             | contain only numeric characters  |
+-----+-----------------------------+----------------------------------+
| W   | Not in use                  | Not in use                       |
+-----+-----------------------------+----------------------------------+
| X   | Invalid School Code         | Direct loan school code should   |
|     |                             | be on file at the LOC            |
+-----+-----------------------------+----------------------------------+
| Y   | School is physically closed | Direct loan school code should   |
|     | or ownership changed        | be open and not undergoing an    |
|     |                             | ownership change                 |
+-----+-----------------------------+----------------------------------+
| Z   | School Code does not match  | Direct loan school code should   |
|     | School Code on loan record  | match the school code submitted  |
|     |                             | in the LOR                       |
+-----+-----------------------------+----------------------------------+