GR Guarantee Result Detail

To provide information related to the disposition of a student loan

Position
Element
Name
Type
Requirement
Min
Max
Repeat
GR01
Loan Type Code
Identifier (ID)
Mandatory
1
2
-
This code identifies the loan program or type
GR02
Loan Status Code
Identifier (ID)
Mandatory
1
2
-
Code indicating the loan status
GR03
Date Time Period Format Qualifier
Identifier (ID)
Mandatory
2
3
-
Code indicating the date format, time format, or date and time format
GR04
Date Time Period
String (AN)
Mandatory
1
35
-
Expression of a date, a time, or range of dates, times or dates and times
GR04 is the loan period.
GR05
Date Time Period Format Qualifier
Identifier (ID)
Mandatory
2
3
-
Code indicating the date format, time format, or date and time format
GR06
Date Time Period
String (AN)
Mandatory
1
35
-
Expression of a date, a time, or range of dates, times or dates and times
GR06 is the result date.
GR07
Date Time Period Format Qualifier
Identifier (ID)
Conditional
2
3
-
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
GR08
Date Time Period
String (AN)
Conditional
1
35
-
Expression of a date, a time, or range of dates, times or dates and times
GR08 is the loan status date.
GR09
Monetary Amount
Decimal number (R)
Optional
1
18
-
Monetary amount
GR09 is the guaranteed loan amount.
GR10
Interest Rate
Decimal number (R)
Conditional
1
6
-
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.
GR11
Loan Rate Type Code
Identifier (ID)
Conditional
1
1
-
Code indicating the characteristics of the loan rate
GR12
Interest Rate
Decimal number (R)
Optional
1
6
-
The interest rate as a percentage
GR12 is the new interest rate.
GR13
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
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.
GR14
Reference Identification
String (AN)
Optional
1
30
-
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
GR14 is the guarantor loan ID.
GR15
Date Time Period Format Qualifier
Identifier (ID)
Conditional
2
3
-
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
GR16
Date Time Period
String (AN)
Conditional
1
35
-
Expression of a date, a time, or range of dates, times or dates and times
GR16 is the guarantee expiration date.
GR17
Monetary Amount
Decimal number (R)
Optional
1
18
-
Monetary amount
GR17 is the amount guaranteed at academic level.
GR18
Reference Identification
String (AN)
Optional
1
30
-
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.
GR19
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
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.
GR20
Quantity
Decimal number (R)
Optional
1
15
-
Numeric value of quantity
GR20 is the number of grace months.
GR21
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
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.
GR22
Guarantee Amount Reduction Code
Identifier (ID)
Optional
1
2
-
Code indicating method used to determine reduction of loan certification amount

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