GR Guarantee Result Detail

To provide information related to the disposition of a student loan

Position: GR-01 · Element: 1262 · Name: Loan Type Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 2 · Repeat: 1

Code identifing the loan program or type

Position: GR-02 · Element: 1307 · Name: Loan Status Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 2 · Repeat: 1

Code indicating the loan status

Position: GR-03 · Element: 1250 · Name: Date Time Period Format Qualifier · Type: Identifier (ID) · Requirement: Mandatory · Min: 2 · Max: 3 · Repeat: 1

Code indicating the date format, time format, or date and time format

Position: GR-04 · Element: 1251 · Name: Date Time Period · Type: String (AN) · Requirement: Mandatory · Min: 1 · Max: 35 · Repeat: 1

Expression of a date, a time, or range of dates, times or dates and times

GR04 is the loan period.

Position: GR-05 · Element: 1250 · Name: Date Time Period Format Qualifier · Type: Identifier (ID) · Requirement: Mandatory · Min: 2 · Max: 3 · Repeat: 1

Code indicating the date format, time format, or date and time format

Position: GR-06 · Element: 1251 · Name: Date Time Period · Type: String (AN) · Requirement: Mandatory · Min: 1 · Max: 35 · Repeat: 1

Expression of a date, a time, or range of dates, times or dates and times

GR06 is the result date.

Position: GR-07 · Element: 1250 · Name: Date Time Period Format Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 3 · Repeat: 1

Code indicating the date format, time format, or date and time format

P0708: If either GR-07 or GR-08 is present, then the other is required

Position: GR-08 · Element: 1251 · Name: Date Time Period · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 35 · Repeat: 1

Expression of a date, a time, or range of dates, times or dates and times

GR08 is the loan status date.

Position: GR-09 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

GR09 is the guaranteed loan amount.

Position: GR-10 · Element: 953 · Name: Interest Rate · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 6 · Repeat: 1

The interest rate as a percentage

P1011: If either GR-10 or GR-11 is present, then the other is required

GR10 is the current interest rate.

Position: GR-11 · Element: 1086 · Name: Loan Rate Type Code · Type: Identifier (ID) · Requirement: Conditional · Min: 1 · Max: 1 · Repeat: 1

Code indicating the characteristics of the loan rate

Position: GR-12 · Element: 953 · Name: Interest Rate · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 6 · Repeat: 1

The interest rate as a percentage

GR12 is the new interest rate.

Position: GR-13 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

GR13 indicates whether the borrower is a new borrower. A "Y" indicates the borrower is a new borrower; an "N" indicates the borrower is not.

Position: GR-14 · Element: 127 · Name: Reference Identification · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 80 · Repeat: 1

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

GR14 is the guarantor loan ID.

Position: GR-15 · Element: 1250 · Name: Date Time Period Format Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 3 · Repeat: 1

Code indicating the date format, time format, or date and time format

P1516: If either GR-15 or GR-16 is present, then the other is required

Position: GR-16 · Element: 1251 · Name: Date Time Period · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 35 · Repeat: 1

Expression of a date, a time, or range of dates, times or dates and times

GR16 is the guarantee expiration date.

Position: GR-17 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

GR17 is the amount guaranteed at academic level.

Position: GR-18 · Element: 127 · Name: Reference Identification · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 80 · Repeat: 1

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

GR18 is the user ID of the loan processor.

Position: GR-19 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

GR19 indicates whether there is an outstanding guarantee fee balance. A "Y" indicates there is an outstanding fee balance; an "N" indicates there is not.

Position: GR-20 · Element: 380 · Name: Quantity · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: 1

Numeric value of quantity

GR20 is the number of grace months.

Position: GR-21 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

GR21 indicates whether a promissory note should be printed. A "Y" indicates one should be printed; an "N" indicates one should not be printed.

Position: GR-22 · Element: 1713 · Name: Guarantee Amount Reduction Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 2 · Repeat: 1

Code indicating method used to determine reduction of loan certification amount