# Presentation: 662076

## <date/time>

## Session 34

- 2002-2003 Direct Loan Technical Spec Update

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## Agenda

- Origination Processing
- Promissory Note
- Disbursement
- Reports
- Software Provider Interface
- Data Recovery
- Entrance Counseling
- In Progress

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## Section 1

- 		***Origination Processing***

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## 2002-2003 Direct Loan Technical Reference

- Custom Systems
- Section 1,2, and 3
- Section 4 - Implementation Guide
- Combination Systems
- Section 5, 6, and 7
- Section 4 - Implementation Guide
- Appendices will be available in the Final version in the Fall

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## Full Loan Origination Record

- Replace Fields on Full Loan Origination Record Layout with Filler
- #139 - Permanent Address Change Date
- #140 - Local Address Change Date
- #141 - Borrower’s SSN Change Date

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## Full Loan Origination Record (continued)

- #142 - Borrower’s DOB Change Date
- #144-163 - 1st through 20th Disbursement Anticipated Percentages

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## Full Loan Origination Record (continued)

- Applies to 2002-2003 and forward
- Record length remains the same
- Reduces the amount of data that schools must transmit

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## Full Loan Origination Record (continued)

- Corresponding Change Field Transmit Numbers are no longer valid for Change Process for 2002 - 2003 will reject with “invalid change field” #22:
- S104 - Permanent Address Change Date
- S105 - Local Address Change Date
- S106 - Borrower’s SSN Change Date
- S107 - Borrower’s DOB Change Date

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## Section 2

- 			***Promissory Note***

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## New Annual Loan Limit Calculations at LO

- Annual Loan Limit edits performed by Loan Origination using
- Student Grade Level
- same academic year or academic year completely within another academic year
- the Additional Unsubsidized Loan for Health Profession Programs flag

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## New Annual Loan Limit Calculations at LO (continued)

- No longer using HEAL indicator
- No longer using dependency status
- No longer using overlapping academic years

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## New Local Address Process

- LOC no longer rejects Loan Origination records and Change records based on Local Address edits
- Removed:
- Loan Origination Reject Codes 61-65
- Loan Origination Change Reject Codes 61-65

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## New Local Address Process (continued)

- LOC database is only populated when fields pass edits
- If blank, the Local Address fields are NOT populated on the LOC database with the Permanent Address

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## Full Loan Origination Acknowledgement

- Added Field #7 - Electronic Master Promissory Note Indicator
- 1 byte field
- Valid field content:
- “E” - Electronic MPN or
- Blank - Paper MPN

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## Promissory Note

- Increased P-note acknowledgement record by 1 byte at end of record to indicate P-note Type
- One byte field
- Valid field content
- “E” - Electronic P-note
- Blank - Paper P-note

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## Section 3

- 		             ***Disbursement***

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## Future Dated Disbursements

- Schools can transmit disbursement transactions to Loan Origination with a disbursement activity date up to seven calendar days in the future.
- Current ADL, ADR, and drawdown process continues

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## Future Dated Disbursements (continued)

- Updated
- Disb Reject Code S - Disbursement date cannot be more than seven calendar days after the current date
- Eliminated
- Disb Reject Code R - Disbursement date cannot be after the current date
- Disb Reject Code 20 - Disbursement date cannot be after the current date

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## Disbursement Adjustments

- Schools can process disbursement adjusted amounts and adjusted dates on the LO On-Line Application
- School must supply the correct disbursement sequence number
- School has the option to receive Disbursement Acknowledgement
- Batch Type is WG

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## Disbursement Sequence Numbers

- Schools generated disbursement sequence numbers 01-65
- LO CSRs assigns a disbursement sequence number 66-90 for LO Manual Disbursement Adjustments
- No acknowledgement is sent to school

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## Payment to Servicer Transactions

- Added Disbursement Sequence Number to the Servicer Refund Record (Batch Type SP) sent to a schools
- Disbursement Sequence Number is assigned using the range 91-99

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## Reduced Number of Booking Notifications

- Booking Notifications sent at the loan level using Disbursement Type “L - Booking Disbursement”
- Booking notifications (DIOD, #B) sent only for the first actual disbursement
- Subsequent disbursement activity is acknowledged with a DIOD (#H), but no booking notification (#B) is sent

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## Disbursement Record/  Acknowledgement

- Eliminated the following fields and replaced with filler:
- #14 - School Status Code
- #15 - Loan Identifier Status
- #16 - Disbursement Number Status
- #18 - Transaction Date Status
- #19 - Sequence Number Status

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## Section 4

***Reports***

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## School Account Statement - Direct Loan

- Merged the Direct Loan School Account Statement (DLSAS) and the 732 Reports into a single School Account Statement - Direct Loan (SAS-DL)
- SAS reports can be requested as a delimited or fixed length file at the
- Disbursement level or Loan level

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## School Account Statement - Direct Loan (continued)

- New Record layout
- New Message Class

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## Section 5

***Software Provider Interface***

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## Software Provider Interface

- Added the capability to track the software provider’s name and the software version number used by a school to
- Enhance customer service
- Assist in trouble-shooting
- Assist in identifying software interface issues

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## Header Record

- Added Field #10 - Software Provider to the Header Record
- 9 characters
- alphanumeric, left justified
- first three characters indicate the name of the Software Provider
- final six characters indicate the software version number

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## Section 6

- 			***Data Recovery***

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## Data Recovery File Update

- Requests for Data Recovery Files are to be requested through the Direct Loan Origination WEB screens.
- Data Recovery File will still do the 1-20 disbursement percentages, but will use one of the bytes to populate MPN type.

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## Section 7

-  ***Entrance Counseling***

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## Entrance Counseling

- Borrowers’ Entrance Counseling results from the LO On-Line Application available in an electronic file or can be downloaded
- School options for file format
- ASCII-delimited,
- Fixed length with Header and Trailer or
- Preformatted report

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## Entrance Counseling (continued)

- Record layouts and message classes forthcoming
- Frequency of delivery
- daily,
- weekly or
- monthly

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## Section 8

- 			  ***In Progress***

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## In Progress

- Discharged Loans and Loans Pending Bankruptcy will affect:
- Loan Limits
- Promissory Note processing
- Disbursement processing

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## Where to Get Help for Custom Systems

- Draft 2002-2003 Direct Loan Technical Reference is available at:
- www.sfadownload.ed.gov
- LOC Assistance for Custom Systems
- FAX 800-557-7396
- E-mail loan_origination@mail.eds.com using “Technical Question” in the subject line

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## Questions?

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