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

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 related to the disposition of a student loan

  4. To specify disbursement dates and amounts for a loan

  5. LM Loop Optional
    Repeat 1
    1. To transmit standard code list identification information

      Use the LM loop to identify the guarantor exception codes.
    2. Code to transmit standard industry codes

  6. 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 sequence individual name components for maximum specificity

    3. To provide information about previously guaranteed student loans

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

  7. AMT Loop Optional
    Repeat 10
    1. To indicate the total monetary amount

      Use the AMT loop to identify the loan repayment requirements.
    2. To specify any or all of a date, a time, or a time period

    3. To specify quantity information

  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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