OPEID (office of postsecondary education identifier)

An identifier assigned to a school by the Department of Education.

CRC Loan Servicers

SFA_CRC_DEST_ID

Set Up SACR, Product Related, Financial Aid, Loans, CR CommonLine, Create CRC Loan Participants, CRC Loan Servicers

View, update, or add guarantor, lender, or servicer information that process loan certification request records with your institution.

Edit Address

EO_ADDR_USA_SEC

Click the Edit Address link on the CRC Loan Servicers page.

Edit or view guarantor, lender, or servicer address information.

Lender Contact Information

SFA_CRC_DESTCT_SEC

Click the Contact Address link on the CRC Loan Servicers page.

Edit or view the country, mailing address, and email address.

OPEID (office of postsecondary education identifier)

Displays an eight-digit alphanumeric identifier assigned to a federal student aid participant by the Department of Education.

OPEID Type (office of postsecondary education identifier)

Displays the type of lending participant (guarantor, lender, or servicer) for which you are adding information.

Select Servicer

Indicates whether the loan servicer is selected to be an active business partner with the school. Select Yes or No.

Preferred Lender

Select this check box to make this lender available for self-service lender selection by the student.

Certification RQST Participant (certification request participant)

Select if the lender or loan servicer agrees to process loans using certification request.

Edit Address

Click to access the Edit Address page to review or update address information.

Contact Address

Click to review or update contact information.

Loan Type Table

LOAN_TYPE_TABLE

Set Up SACR, Product Related, Financial Aid, Loans, Create Loan Types, Loan Type Table

Define the types of loans your institution uses in the loan origination process.

CommonLine/NSLDS Xref

LOAN_TYPE_TABLE2

Set Up SACR, Product Related, Financial Aid, Loans, Create Loan Types, CommonLine/NSLDS Xref

Link federal loan types defined for CommonLine processing with the borrower's loans reported by the NSLDS.

Checklist Setup

LOAN_TYPE_DOCUMENT

Set Up SACR, Product Related, Financial Aid, Loans, Create Loan Types, Checklist Setup

Associate a checklist to be generated when a loan is originated.

Loan Category

Select from Alt Loan (alternative loan), PLUS, Sub/Unsub (subsidized/unsubsidized), Subsidized, and Unsubsidized. If you select PLUS, a Graduate PLUS Indicator check box displays. Select the check box for Grad PLUS loans.

Loan Program

Select from Alternative, Direct, FFELP, Health, PerkinsState, and University.

For example, to set up Stafford loans processed through CommonLine, the loan category is Sub/Unsub and the loan program is FFELP. To set up an alternative loan program processed through CommonLine, the loan category is Alt Loan (alternative loan), and the loan program is Alternative.

Loan Refund Indicator

Select from:

Borrower: Select to have the borrower of the loan receive any refunds or overage. For example, the borrower could be a parent or guardian for a PLUS loan.

Student: Select to have the student to receive any refunds from the loan.

You can override this field at the loan application level. Designating the student as the recipient for PLUS refunds requires additional setup in PeopleSoft Enterprise Student Financials.

Loan References Required

Enter reference information on the CommonLine Promissory Note PLUS/Alt and Originate Loans components. Enter the number of references required in the Nbr Ref Rq (number of references required) field.

Nbr Ref Rq (number of references required)

Enter the number of references required if you selected the Loan References Required check box.

Credit Check Required

Select to require a credit check.

Loan Cosigner Required

If you select this check box, enter the number of cosigners required in the Nbr Csg Rq (number cosigners required) field.

Nbr Csg Rq (number cosigners required)

Enter the number of cosigners required if you selected the Cosigner Required Amount check box.

Cosigner Required Amount

Enter the minimum loan amount requiring a cosigner. Enter cosigner information on the CommonLine Promissory Note PLUS/Alt and Originate Loans components. This setting is enforced by the loan servicer.

Loan Fee Rate

Enter the loan fee rate to print on the promissory note for this loan type. Ensure that the loan fee rate matches the loan fee setup for the item type that you associate with this loan type.

Max Nbr Disbs (maximum number disbursements)

Indicates the maximum amount of disbursements.

Min Loan Amt (minimum loan amount)

Indicates the smallest amount for which a loan can be originated.

Alternative Loan Type Cd (alternative loan type code)

Indicates a code to notify loan agencies the type of alternative loan. Alternative loan codes are assigned by NCHELP.

NSLDS Loan Type

Select a loan type to translate the NSLDS loan type that's defined in the NSLDS tables.

Checklist

Select a checklist to be created when a loan is originated.

Note. For Direct Loan, the system does not generate an assigned checklist during loan origination. It generates an assigned checklist when you run the print promissory note process.

Loan Edits/Messages

SFA_CRC_EDITS

Set Up SACR, Product Related, Financial Aid, Loans, CR CommonLine, Maintain CRC Loan Edits

View delivered edits and error messages used in loan validation. You must correct all loan errors before loan data can be selected for outbound processing. You can modify the message text.

Loan Edit Defaults

SFA_CRC_EDITDFT

Set Up SACR, Product Related, Financial Aid, Loans, CR CommonLine, Create CRC Loan Edit Sets

Create loan validation edit sets that are used when constructing loan destination profile records. Loan edit default sets are logical sets of edits that can be executed based on loan program, loan category and process level. Once added to a loan destination, you can further modify the edit sets to function according to the loan destination’s business rules.

FACRADDR01

Permanent address missing.

Used for alternative/PLUS loans. A valid permanent address cannot be found for the student. The address type is based on the FA Process Demographic Use page permanent address usage setting.

Add a valid address that can be used as the permanent address on the Addresses page or modify the permanent address usage setting to select one of the student's existing addresses.

FACRADDR02

Mailing address missing.

Used for alternative/PLUS loans. A valid mailing address cannot be found for the student. The address type is based on the FA Process Demographic Use page mail address usage setting.

Add a valid address that can be used as the mailing address on the Addresses page or modify the mailing address usage setting to select one of the student's existing addresses.

FACRADDR03

Borrower perm address missing.

A valid permanent address cannot be found for the borrower. The address type is based on the FA Process Demographic Use page permanent address usage setting.

Add a valid address to the borrow ID that can be used as the permanent address on the Addresses page or modify the permanent address usage setting to select one of the student's existing addresses.

FACRADDR04

Borrower mail address missing.

A valid mailing address cannot be found. The address type is based on the FA Process Demographic Use page mail address usage setting.

Add a valid address that can be used as the mailing address on the Addresses page or modify the mailing address usage setting to select one of the student's existing addresses.

FACRBORROW01

Loan borrower not defined.

Used for PLUS loans. The Borrower ID field in the Maintain Originated Loans component is blank.

Enter the correct ID on the Loan Origination 1 page. Parent borrowers must already be defined in PeopleSoft Enterprise Campus Community Fundamentals.

FACRCHNG01

Loan increase with undisbursed check.

Used for change transactions. A post disbursement change transaction is generated and an undisbursed check exists for the loan.

Disburse the funds to the student account or return the funds to the lender.

FACRCOSIGN01

No cosigners - cosigners required.

Used for alternative loans. If cosigners are required for the loan type, the edit verifies that the required number of cosigners are not defined in the Relationships page for the student and are also assigned to the loan.

Add the missing cosigners in the Relationships page and Maintain Originated Loans component.

FACRCOSIGN02

Cosigner signature required.

Used primarily for alternative loans. Cosigner signatures have not been entered in the Enter Alt Loan Prom Notes page.

Fix the data on the Alt Loan Prom Notes page.

FACRDEBT01

Total student loan debt required.

Used for alternative loans. The total loan debt on the Maintain Originated Loans component is 0, and there is NSLDS loan history.

Update the total loan debt in the Maintain Originated Loan component using the Loan Demographic Data page.

FACRDEPSTAT1

Dependency Status missing.

The student’s federal dependency status was missing when the loan was originated.

Use the Loan Demographic Data page to update the dependency status in the Maintain Originated Loan component.

FACRDEST01

Loan destination is zero missing.

The loan destination is not assigned after the loan has been originated. This edit is always executed by the loan validation process and cannot be deactivated.

Assign a loan destination in the Loan Origination 1 page.

FACRDISBDT01

Disbursement more than 90 days after loan period end.

A disbursement date is set for greater than 90 days beyond the loan period end date.

Change the date on the Loan Origination 2 page.

FACRDISBDT02

Disbursement date earlier than 13 days of loan period start.

The first disbursement precedes the loan period begin date by more than 13 days.

Fix the disbursement date or loan period start date in the Loan Origination 2 page.

FACRDISBDT03

Disbursement dates must be in chronological order.

Disbursement dates are not in order.

Fix disbursement dates in the Maintain Originated Loan component, Loan Origination 2 page.

FACRDRVLIC01

Borr DL Number or state missing.

The borrower’s drivers license information was incomplete when the loan was originated.

Update the driver’s license data in the Driver’s License page and then use the Loan Demographic Data page to update this information in the Originate Loan component.

FACRGRADDT01

Grad date before loan end date.

The graduation date viewed in the Maintain Originated Loans component is before the end of the loan period.

Update the FA Term graduation date (if required) and then use the Loan Demographic Data page to update this graduation date in the Maintain Originated Loans component.

FACRHOLDFED1

Disbursement hold on federal aid.

A disbursement hold on federal aid has been placed on the student.

Remove the federal aid disbursement hold on the student in the Packaging Status Summary page.

FACRNAME01

Student Name missing.

A valid name type cannot be found. The name type should be based on the FA Process Demographic Use page name usage setting.

Add a valid name type that can be used as the student’s name on the Names page or modify the name usage setting to select one of the student's existing names.

FACRNAME02

Borrower name missing.

A valid name type cannot be found. The name type should be based on the FA Process Demographic Use page name usage setting.

Add a valid name type that can be used as the borrower’s name on the Names page or modify the name usage setting to select one of the borrower's existing names.

FACRPER01

Loan period greater than 1 year.

The loan period defined in the Loan Origination 2 page is more than one year.

Change the loan period dates so that the loan period is less than a year.

FACRPLUS01

PLUS borrower and student SSN are the same.

A PLUS borrower cannot be the student.

Correct possible invalid relationship defined for the student. Assign a new borrower for the PLUS loan.

FACRPLUS02

No PLUS for grad students allowed.

The student has a graduate NSLDS level in the FA Term record when the loan is originated.

Cancel the loan if appropriate, or change the student’s grade level to an undergraduate in the correct FA Term record. If you change the student’s grade level, then you also need to use the Loan Demographic Data page to update it in the Originate Loan component.

FACRPLUSMPN

Serial PLUS MPN check.

For PLUS loans. Confirms a prior PLUS loan with the same EmplID, borrower EmplID, and lender in the CommonLine MPN Usage page with the current PLUS loan.

To process serially, modify the loan record by changing the borrower or loan destination so that the borrower and lender match the information in the CommonLine MPN Use page. If the loan should be processed as a new MPN, set the Serial Loan Code field on the Loan Origination 3 page from S to N.

FACRREFS01

References missing.

The required number of references have not been defined for the student in the Relationships page and have not been assigned to the loan.

Add the missing references in the Relationships page and Maintain Originated Loans component.

FACRSRVCIN01

Service indicator exists.

An active negative service indicator is assigned to the student.

Remove the service indicator.

FACRSSN01

Borrower SSN is blank.

For PLUS and Alternative loans. When the loan was originated, either the borrower was not assigned, or the borrower ID did not have a valid Social Security Number (SSN). A valid SSN has the appropriate country code and a NID type of PR.

Verify that the borrower is assigned in the Maintain Originated Loans component. If appropriate, fix the SSN on the Biographical Details page component and then pull the SSN into the originated loan record using the Loan Demographic Data page.

FACRSSN02

Student SSN is blank.

When the loan was originated, the student did not have a valid SSN. A valid SSN has the appropriate country code and a NID type of PR.

Fix the SSN on the Biographical Details page and then pull the SSN into the originated loan record using the Loan Demographic Data page.

Loan Program

Values are: Alternative, FFELP, Direct Lending, Health Professions, State, and University.

Loan Category

Values are: Alt Loan (alternative loan), PLUS, Sub/Unsub (subsidized/unsubsidized), Subsidized, and Unsubsidized.

Processing Level

Values are: Direct (not applicable), Guarantee and Print Appl (guarantee and print application), Print and Guarantee, Guarantee Only, School Cert Request (school certification request), and Manual.

Equation

Select a predefined equation. Edit equations are set up on the CRC Loan Edits/Messages page.

Loan Requirement Status

For each section, indicate one of the following:

Optional: The selected section is not a requirement for the loan.

Recommended: The selected section is not a requirement for the loan.

Required: The selected section is a requirement for the loan.

Note. The field value does not drive current loan functionality, but is intended to support future business processes.

Loan Edit Activated

Select to activate an edit.

Hold/Release Equations

LN_HR_EQ_NAME_PNL

Set Up SACR, Product Related, Financial Aid, Loans, Hold and Release Equations

Select the equations that you require the hold and release process to execute.

Description

Displays the process for which you are selecting equations.

Equation Name

Select an equation. The list contains all equations created for the selected institution; select only those equations created specifically for hold and release processing.

Loan Dest Profile

SFA_CRC_DEST_PROF

Set Up SACR, Product Related, Financial Aid, Loans, CR CommonLine, Create CRC Loan Destinations, Loan Dest Profile

Define participants that your institution uses to exchange loan application data.

Process Levels

SFA_CRC_DEST_PROF2

Set Up SACR, Product Related, Financial Aid, Loans, CR CommonLine, Create CRC Loan Destinations, Process Levels

Define the valid loan processing levels for the loan destination.

Validation Edits

SFA_CRC_DEST_EDITS

Set Up SACR, Product Related, Financial Aid, Loans, CR CommonLine, Create CRC Loan Destinations, Validation Edits

Define the validation edits to be used for loans originated for the loan destination.

Loan Destination Nbr (loan destination number)

Indicates the loan destination number.

Effective Date

Enter the date for which this destination is valid and active.

Status

Indicates the effective status. Select Active or Inactive for the effective-dated row set.

Guarantor OPEID, Lender OPEID, Servicer OPEID (office of postsecondary education identifier)

Indicates the numeric identifier assigned by the Department of Education.

Lender Branch ID

Indicates the lender branch ID. This field is required if there is a Lender OPEID value.

Servicer Branch Code

Indicates the servicer branch code. This field is required if there is a Servicer OPEID value.

Application

Indicates the recipient of the CRC application file. The system displays the recipient name and OPEID that will be used on the XML document record.

Pre Disb Changes (pre disbursement changes)

Indicates the recipient of the CRC change file. The system displays the recipient name and OPEID that will be used on the XML document record.

Post Disb Changes (post disbursement changes)

Indicates the recipient of the CRC change file. The system displays the recipient name and OPEID that will be used on the XML document record.

File Path

Indicates the physical location in your production environment where the CRC XML files are to be created.

Note. The correct syntax of the path statement is dependent on the schools operating systems. The path must end in a closing character (a back slash or forward slash).

Accept Change Records

Select this check box to indicate that the loan destination accepts change records. The Pre and Post Disbursement Change fields will not be accessible if the loan destination does not accept changes.

CRC Version

Select CRC to indicate the CommonLine protocol the loan destination supports.

Stafford MPN Process Default

Select New MPN or Serial MPN to indicate the default serial MPN indicator to assign during origination.

PLUS MPN Process Default

Select New MPN or Serial MPN to indicate the default serial MPN indicator to assign during origination.

Prom Note Delivery Default (promissory note delivery default)

Select Email, Paper, or Web to establish the default method for delivering promissory notes to the lender.

Disb Hold/Release Default (disbursement hold/release default)

Select Hold, No Support, or Release to establish the disbursement hold/release status to assign during origination.

Funds Return Method Code

Select Borr Check, EFT, Master Chk, or Netting to establish the method for which funds are returned by the school to the lender or disbursing agent.

Loan Category

Select from: Alt Loan (alternative loan), PLUS, Sub/Unsub (subsidized/unsubsidized), Subsidized, and Unsubsidized.

The values to use are dependent on the loan categories used to define the loan types at the school.

Originated with Prom Note

Select the check box to indicate that the corresponding process level be used during origination. The loan origination process determines the process level based on whether a promissory note exists at the school for a student.

Processing Level

Select the loan processing level that the loan destination performs for the corresponding loan category. Select from: Cert Req (certification request), Direct (Direct Lending. This is not a valid selection), Guar Only (guarantee only), Guar/Print (guarantee and print), Manual (loan is not transmitted electronically), and Print/Guar (print and guarantee).

Equation

Select a predefined edit statement.

Activate

Select to activate an edit.

Loan Institution Table

LOAN_INST_TABLE

Set Up SACR, Product Related, Financial Aid, Loans, Define Loan Institutions, Loan Institution Table

Define how your school processes loans for the academic year. You can define loan processes for each academic career of your institution.

Loan Institution Address Information

LN_INST_ADDR_SEC

Click the Institution Address link on the Loan Institution Table page.

Enter address information for each loan institution.

Loan Institution Contact Information

LN_INST_CNTCT_SEC

Click the Loan Institution Contact link on the Loan Institution Table page.

Update the address, mailbox type, and mailbox identification.

FFELP/Direct Participant

Select if the loan institution can originate FFELP or direct loans, or both. Values are: All Loans, Direct, and FFELP.

DL Disclosure Print (direct lending disclosure print)

For direct lending.

DL SchCd (direct lending school code)

If your institution processes direct loans, enter your direct lending school code. This field is hidden if your school does not participate in the direct lending program.

SSN Source (social security number source)

For direct loans. Select the source of the student's Social Security Number, such as from Campus Community.

COD Full Participant

Select if your institution is a full COD participant.

DL Serial MPN Activation (direct loan serial master promissory note activation)

Select if the loan institution that you are defining uses the direct loan serial master promissory note. This field is hidden if your school does not participate in the direct lending program.

EDE Special School (electronic data express special school)

For direct loans. Select to set an identification trigger on the origination file. This is for schools approved by the Department of Education for special consideration for direct loan processing by the Loan Origination Center (LOC). Usually the default rate for the school must be lower than 10%.

Cntact Nbr (contact number)

Enter contact information for each financial aid administrator in charge of loan processing. Assign a contact number for each entry.

Institution Address

Click to access the Loan Institution Address Information page.

Loan Institution Contact

Click to access the Loan Institution Contact Information page and update the address, mailbox type, and mailbox identification.

Step 1 – This step is always performed.

If an active unused promissory note is tracked, the designated lender and guarantor are selected from the form used for origination. Steps 2 through 6 are skipped.

Lender Only

Guarantor Only

Lender and Guarantor

No Information

Step 2 – This step is always performed.

If a matching loan is originated and guaranteed in the current aid year for the borrower, the lender and guarantor are used from the earlier origination record. Steps 3 through 6 are skipped.

Lender and Guarantor

No Information

Step 3 – Optional

If the student has selected a lender on a self-service page, the process uses the selected lender and skips steps 4 through 6.

Lender

No information

Step 4 – Optional

The origination process looks back one year for a prior year originated loan of the same loan type. If a prior loan is found, steps 5 and 6 are skipped.

Lender and Guarantor

No Information

Step 5 – Optional

The origination process looks at the current NSLDS history to find a previously originated loan of the same loan type. A new NSLDS loan type cross reference section is available in the Loan Type Table component to facilitate this step. If a prior loan is found, step 6 is skipped.

Note. Only the guarantor is used from the NSLDS loan history.

Guarantor Only

No Information

Step 6 – Optional

A default destination is assigned. User can assign a default CL 4 or CRC destination number.

Lender Only

Guarantor Only

Lender and Guarantor

No Information

Step 7 – This step is always performed.

Checks the validity of the selected lender and guarantor values and reassigns lender and guarantor IDs as defined in the Agency Default page.

Lender Only

Guarantor Only

Lender and Guarantor

No Information

Step 8

Based on the lender, guarantor, and servicer information selected in the prior six steps, the loan origination process searches for a matching CRC loan destination profile record. If one is not found, the CL 4 loan destination profile records are checked for a matching record. If one is not found, the loan is still originated, but it cannot be transmitted until a loan destination is assigned.

Loan Destination

No Destination

Agency Default Setup

LN_AGENCY_DFLT

Set Up SACR, Product Related, Financial Aid, Loans, Reassign Loan Agencies, Agency Default Setup

Identify a default agency if the borrower does not select a lender, guarantor, or servicer. Identify lenders, guarantors, or servicers that are no longer in service and have them replaced automatically with a new agency when a loan is originated.

Note. Schools that have defined loan agency default records for CL 4 loan processing for the aid years that are still active must update the records using the new CRC fields. The CL 4 setting is ignored by the loan origination process.

Loan Destination Default

LOAN_INST_TABLE2

Set Up SACR, Product Related, Financial Aid, Loans, Define Loan Institutions, Loan Destination Default

Set up loan destination default parameters.

CL4 Agency ID

Indicates the lender or guarantor ID of previously stored agency default data. The system displays the name and OPEID of the agency if not blank. This field appears only if you have recently upgraded from Release 8.0 SP1.

CL4 New Agency

Indicates the lender or guarantor ID of previously stored agency default data. The system displays the name and OPEID of the agency if not blank. This field appears only if you have recently upgraded from Release 8.0 SP1.

Loan Program

Select from: Alternative, Direct, FFELP, Health, Perkins, State, and University.

Current Prom Note (current promissory note), Current Year Originations, and Student Selected Lender

The loan origination process always performs these steps.

Check Prior Year Originations and Check NSLDS for Guarantor

Select to have the system perform these steps.

Default Destination

If nothing results from the first four search methods, the system uses this default destination.

Use CRC Destination

Select to control the searching of the default loan destination profile. If not selected, the system only searches CL 4 destinations. If selected, the system only searches CRC loan destinations.

Note. Choosing a CL 4 or CRC loan destination does not guarantee that the originated loan will use the same CommonLine version—the system continues to perform the loan origination logic.

FA Process Demographic Use

FA_PRCSDEMO_TBL

Set Up SACR, Product Related, Financial Aid, Define Demographic Data Use, FA Process Demographic Use

Indicates how to retrieve the student demographic information for loan processing. The loan origination process extracts borrowers' demographic information from Campus Community.

Address Usage

ADDR_USAGE_TABLE

• Click the Address Usage Table link on the FA Process Demographic Use page.

• Set Up SACR, Product Related, Campus Community, Establish People Processing, Setup, Address Usage Table

Define hierarchies of address types to search for and use in a specific usage. The FA Process Demographic Use page selects the appropriate constructs defined in this page to determine the addresses to use in loan processing.

Name Usage

NAME_USAGE_TABLE

• Click the Name Usage Table link on the FA Process Demographic Use page.

• Set Up SACR, Product Related, Campus Community, Establish People Processing, Setup, Name Usage Table

Define hierarchies of name types to search for and use in a specific usage. The FA Process Demographic Use page selects the appropriate constructs defined in this page to determine the names to use in loan processing.

Phone Usage

PHONE_USAGE_TABLE

• Click the Phone Usage link on the FA Process Demographic Use page.

• Set Up SACR, Product Related, Campus Community, Establish People Processing, Setup, Phone Usage Table, Phone Usage

Define phone usages to specify the hierarchies of telephone types to search for and use in a specific usage.

Address Usage

Used to select the address used by the associated process. Not used for loans.

Perm Addr Usage (permanent address usage)

Used to select the permanent address for loan processing.

Mail Addr Usage (mail address usage)

Used to select the temporary address for loan processing.

Name Usage

Used to select the name for use by the associated process. For loans, this selects the name for the student and borrower.

Phone Usage

. Used to select the phone number for use by the associated process.

Email Usage

Indicates the type of email address, such as home, business, dorm, or campus. Used to select email usage table settings defined in Campus Community setup.

Address Usage Table

Click to access the Address Usage page to define or review address usages.

Name Usage Table

Click to access the Name Usage page to define or review name usages.

Phone Usage Table

Click to access the Phone Usage page to define or review phone usages.

CRC Search/Match Parameters

SFA_CRC_SRCHMCH

Setup SACR,Product Related, Financial aid, Loans, CR CommonLine, Create CRC Search Match Setup, CRC Search/Match Parameters

Define search match criteria for the CRC Inbound process.

Add

Indicates that if the system does not find an EmplID, then it should create one. The system only offers this to the parent for PLUS loans.

Assign ID

Indicates that the system use the EmplID found during the search match. The option is not available for No Match if the system does not find an EmplID to assign. The Assign ID can represent either a student or a parent.

CRC Loan Action Codes

SFA_CRC_ACTION_CD

Set Up SACR, Product Related, Financial Aid, Loans, CR CommonLine, Maintain CRC Loan Action Codes, Loan Action Code Table

View CRC specific status codes and descriptions.

Loan Action Category

The values are: Accept, Reject, and Status.