COD Technical Reference

Volume IV – Direct Loan Phase-In Participant Technical Reference

Table of Contents

Section 1 – Direct Loan Phase-In Participant Implementation Guide......................IV – 1 – 1

Overview.................................................................................................................IV – 1 – 1
2003-2004 Modifications for Phase-In Participants at a Glance.............................IV – 1 – 3
EDExpress Users – Full Participants in 2003-2004................................................IV – 1 – 5
XML Version of EDExpress for 2003-2004.............................................IV – 1 – 5
MPN Status for PLUS Loans Passed from NSLDS to CPS.....................IV – 1 – 6
Modifications to the Full Loan Origination Record and Change Record IV – 1 – 7
Modifications to the Full Loan Origination Acknowledgement..............IV – 1 – 9
Generating Disclosure Statement..........................................................................IV – 1 – 11
Modifications to the Disclosure Statement.............................................IV – 1 – 11
Credit Decision Override Acknowledgement.......................................................IV – 1 – 14
Modifications to the Credit Decision Override Acknowledgement.......IV – 1 – 14
Promissory Notes..................................................................................................IV – 1 – 16
Modifications to the MPN Acknowledgement.......................................IV – 1 – 16
Master Promissory Notes.......................................................................IV – 1 – 18
Master Promissory Note Features..........................................................IV – 1 – 21
Multi-Year MPN Feature........................................................................IV – 1 – 21
School can Opt for Single-Year MPN Feature.......................................IV – 1 – 23
Single-Year MPN Feature......................................................................IV – 1 – 23
Single-Loan MPN Feature (PLUS Only)...............................................IV – 1 – 24
Master Promissory Note Printing Process..............................................IV – 1 – 25
Linking an MPN.....................................................................................IV – 1 – 28
Calculating MPN Expiration Date.........................................................IV – 1 – 35
Closing MPN’s.......................................................................................IV – 1 – 36
Reports..................................................................................................................IV – 1 – 37
Data Recovery.......................................................................................................IV – 1 – 37
Entrance Counseling.............................................................................................IV – 1 – 37
Exit Counseling.....................................................................................................IV – 1 – 37
Request Direct Loan Batches to be Re-sent from COD........................................IV – 1 – 38
Resending Acknowledgements..............................................................IV – 1 – 38
COD Website – Concurrent Award Year...............................................................IV – 1 – 39
Displaying Concurrent Award Year on COD Website............................IV – 1 – 39

Section 2 – Direct Loan Phase-In Participant Message Classes................................IV – 2 – 1

Direct Loan Message Classes for Phase-In Participants.........................................IV – 2 – 1

April 2003 (2003-2004) COD Technical Reference Page IV - i

Volume IV – Direct Loan Phase-In Participant Technical Reference
Section 3 – Direct Loan Fixed-Length Record Layouts.............................................IV – 3 – 1
Introduction ............................................................................................................IV – 3 – 1
Direct Loan Record Layouts...................................................................................IV – 3 – 3
Header.........................................................................................................IV – 3 – 3
Trailer..........................................................................................................IV – 3 – 4
Loan Origination.....................................................................................................IV – 3 – 6
Full Loan Origination – Export to COD System........................................IV – 3 – 6
Full Loan Origination Acknowledgement – Import from COD System. .IV – 3 – 28
PLUS Credit Decision Acknowledgement – Import from COD System. IV – 3 – 31
Loan Origination Change......................................................................................IV – 3 – 33
Loan Origination Change – Export to COD System................................IV – 3 – 33
Loan Orig. Change Acknowledgement–Import from COD System.........IV – 3 – 33
Loan Orig. Change Field Transmit Number Table (Alphabetic)..............IV – 3 – 38
Loan Orig. Change Field Transmit Number Table (Numeric)..................IV – 3 – 50
MPN/PLUS Promissory Note Acknowledgement – Import from COD System. .IV – 3 – 62
MPN Acknowledgement...........................................................................IV – 3 – 62
Disbursement.........................................................................................................IV – 3 – 65
Disbursement – Export to COD System...................................................IV – 3 – 65
Disbursement Acknowledgement/Booking Notification/Payment to
Servicer – Import from COD System.......................................................IV – 3 – 65
School Reconciliation...........................................................................................IV – 3 – 72
Rebuild..................................................................................................................IV – 3 – 72
Entrance and Exit Counseling...............................................................................IV – 3 – 72

Section 4 – Direct Loan Phase-In Participant Edit Codes & Descriptions...............IV – 4 – 1

Introduction.............................................................................................................IV – 4 – 1
Direct Loan Batch Reject Codes from the Header Record ....................................IV – 4 – 2
Loan Origination/Change Reject Codes..................................................................IV – 4 – 3
Promissory Note Reject Codes..............................................................................IV – 4 – 11
Disbursement Reject Codes..................................................................................IV – 4 – 13

April 2003 (2003-2004) COD Technical Reference Page IV - ii

Volume IV – Direct Loan Phase-In Participant Technical Reference