EDI 139 Student Loan Guarantee Result

Functional Group SL

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Student Loan Guarantee Result Transaction Set (139) for use within the context of an Electronic Data Interchange (EDI) environment. The transaction set can be used by guarantee agencies ("guarantors") to inform a lender, a school, or both as to the status of a student loan guarantee. The guarantee result information includes, but is not limited to, the conditions of approval or denial of a loan guarantee, notice of guarantee and loan disclosure terms, and information regarding previously guaranteed loans. The student loan guarantee result is the second phase of the student loan application process. After the guarantor reviews the lender-approved student loan application, the agency issues a guarantee result. Subsequent lender processing of the student loan application is based on the information contained in the result transaction. After the lender receives a loan guarantee approval, the federally required loan disclosure is generated, and the loan proceeds are disbursed. If the lender receives a loan guarantee rejection, the lender may correct and resubmit the loan application, or the application may remain in a rejected status.

Heading

1. 0100 · ST · Transaction Set Header · Max 1 · Mandatory

   To indicate the start of a transaction set and to assign a control number

2. 0200 · BGN · Beginning Segment · Max 1 · Mandatory

   To indicate the beginning of a transaction set

3. 0300 · GR · Guarantee Result Detail · Max 1 · Mandatory

   To provide information related to the disposition of a student loan

4. 0400 · DB · Disbursement Information · Max 10 · Optional

   To specify disbursement dates and amounts for a loan

5. LM Loop Optional Repeat 1

   1. 0500 · LM · Code Source Information · Max 1 · Mandatory

      To transmit standard code list identification information

      Use the LM loop to identify the guarantor exception codes.

   2. 0600 · LQ · Industry Code · Max 10 · Mandatory

      Code to transmit standard industry codes

6. ENT Loop Mandatory Repeat 6

   1. 0700 · ENT · Entity · Max 1 · Mandatory

      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. 0800 · IN2 · Individual Name Structure Components · Max 5 · Optional

      To sequence individual name components for maximum specificity

   3. 0900 · IDB · Indebtedness for Student Loans · Max 10 · Optional

      To provide information about previously guaranteed student loans

   4. 1000 · DTP · Date or Time or Period · Max 1 · Optional

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

7. AMT Loop Optional Repeat 10

   1. 1100 · AMT · Monetary Amount · Max 1 · Mandatory

      To indicate the total monetary amount

      Use the AMT loop to identify the loan repayment requirements.

   2. 1200 · DTP · Date or Time or Period · Max 1 · Optional

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

   3. 1300 · QTY · Quantity · Max 1 · Optional

      To specify quantity information

8. 1400 · SE · Transaction Set Trailer · Max 1 · Mandatory

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