EDI 135 Student Loan Application

Functional Group SL

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Student Loan Application Transaction Set (135) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by lending institutions (``lenders''), colleges, universities and trade schools (``schools''), and loan guarantee agencies (``guarantors'') to exchange information relating to the certification, approval, and guarantee of specific student loan applications. This information includes, but is not limited to, student and applicant identification, school enrollment data, borrowing history, and the terms of the loan. The student loan application process typically begins with an applicant submitting a student loan application to the financial aid officer at the student's school. The financial aid officer adds school-related information and certifies the application. The school then forwards the loan application to the lender for review. If the review is satisfactory, the lender adds information to the application, approves the loan, and forwards the application to the guarantor. The guarantor reviews the lender-approved application and if appropriate, issues a guarantee. The lender disburses the loan proceeds when a guarantee is received.

Heading

Position
Segment
Name
Max use
  1. To indicate the start of a transaction set and to assign a control number

  2. To indicate the beginning of a transaction set

  3. To provide information for the loan under consideration

  4. To specify disbursement dates and amounts for a loan

  5. To provide information related to student loan delayed repayment

  6. To specify any or all of a date, a time, or a time period

  7. ENT Loop Mandatory
    Repeat 6
    1. To designate the entities which are parties to a transaction and specify a reference meaningful to those entities

      Use the ENT loop to identify the applicant, student, school, lender, and guarantor entities.
    2. To transmit information in a free-form format, if necessary, for comment or special instruction

    3. To provide school data relative to the applicant or the student

    4. To provide financial status information about an applicant for a student loan

    5. To indicate the total monetary amount

    6. To specify physical measurements or counts, including dimensions, tolerances, variances, and weights (See Figures Appendix for example of use of C001)

    7. To specify school type

    8. To specify any or all of a date, a time, or a time period

    9. To specify the authority for authorizing an action and the date authentication is made

    10. N1 Loop Optional
      Repeat 2
      1. To identify a party by type of organization, name, and code

      2. To specify the location of the named party

      3. To specify the geographic place of the named party

      4. To specify identifying information

      5. To identify a person or office to whom administrative communications should be directed

    11. PLI Loop Optional
      Repeat 10
      1. To provide information about an existing loan

        Use the PLI loop to identify previous loan information.
      2. To identify a party by type of organization, name, and code

      3. To specify the location of the named party

      4. To specify the geographic place of the named party

    12. IN1 Loop Optional
      Repeat 10
      1. To provide identification of an individual or entity

        Use the IN1 loop to identify the applicant, student, spouse, references, and cosigners information.
      2. To sequence individual name components for maximum specificity

      3. To supply demographic information

      4. To supply additional demographic identification

      5. LX Loop Optional
        Repeat 4
        1. To reference a line number in a transaction set

          Use the LX loop to identify the applicant and student state residency information; the applicant, student, spouse, references, and cosigners address information; and the applicant, references, and cosigners employer information.
        2. To identify a party by type of organization, name, and code

        3. To specify the location of the named party

        4. To specify the geographic place of the named party

        5. To specify any or all of a date, a time, or a time period

        6. To identify a person or office to whom administrative communications should be directed

  8. To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

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