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  **Amount of                                                        
  Outstanding                                                        
  Principal                                                          
  Balance**                                                          
  -------------- ------------- ---------------- ------------- ------ ----------------------
  Record-Level   Must be zero                   Is greater    1426   For Closed loans,
  Error          if Code for                    than zero.           Outstanding Prin
                 Loan Status                                         Balance must be zero
                 is BC, CA,                                          
                 CS, DC, DD,                                         
                 DK, DN, DP,                                         
                 DR, FC, FX,                                         
                 PN, PF, UC or                                       
                 UD.                                                 

  Record-Level   Must be                        Is not equal  1427   For Open loans,
  Error          greater than                   to zero.             Outstanding Prin
                 zero if Code                                        Balance must \> zero
                 for Loan                                            
                 Status is AE,                                       
                 BK, DA, DB,                                         
                 DF, DU, DW,                                         
                 DZ, FB, IA,                                         
                 IF, IM, IP,                                         
                 RP, or XD.                                          

  Record-Level   Amount of                      Amount of     1420   Amount of Outstanding
  Error          Outstanding                    Outstanding          Prin Bal must be \< =
                 Principal                      Principal            Amount of Loan.
                 Balance is                     Balance is           
                 equal to or                    greater than         
                 less than                      Amount of            
                 Amount of                      Loan.                
                 Loan.                                               

  Record-Level   Amount of                      Amount of     1421   Amount of Outstanding
  Error          Outstanding                    Outstanding          Prin Bal must be \< =
                 Principal                      Principal            40000.
                 Balance is                     Balance is           
                 less than or                   greater than         
                 equal to                       \$40,000.            
                 \$40,000, the                                       
                 maximum a                                           
                 student may                                         
                 borrow.                                             

  Record-Level   The maximum                    If Academic   1441   Amount of Outstanding
  Error          amount of                      Level is 1-5         Prin Bal must be \<=
                 Outstanding                    Amount of            \$6,600.
                 Prin Bal a                     Outstanding          
                 student can                    Prin Bal is          
                 receive for                    greater than         
                 loans                          \$6,600              
                 disbursed on                                        
                 or after July                                       
                 1, 2008 is                                          
                 exceeded.                                           

  Record-Level   The maximum                    If Academic   1442   Amount of Outstanding
  Error          amount of                      Level is             Prin Bal must be \<=
                 Outstanding                    A,B,C,D,or G         \$9,600.
                 Prin Bal a                     Amount of            
                 student can                    Outstanding          
                 receive for                    Prin Bal is          
                 loans                          greater than         
                 disbursed on                   \$9,600              
                 or after July                                       
                 1, 2008 is                                          
                 exceeded.                                           

  **Date                       **12-17-2008**                        
  Revised:**                                                         
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