1713Guarantee Amount Reduction Code

Batch

Code indicating method used to determine reduction of loan certification amount

Element Details

Type ID

LengthMin 1 / Max 2

Codes

<>07Reduced to the Maximum Amount Allowable by the Guarantor
<>ZZMutually Defined
<>01No Reduction Made; Requested Loan Amount Equals School Certified Amount
<>04Reduced to the Maximum Amount Allowable within a 7-month Period
<>02Reduced to the Maximum Amount Allowable per Grade Level
<>05Reduced to the Appropriate Lender Approved Amount
<>08Reduced to the Appropriate School Certification Amount; School Certified Amount is less than the Borrower Requested Loan Amount
<>11Reduced to the Amount Requested by the Borrower after Processing of Initial Application
<>03Reduced to the Maximum Amount Allowable per Student (for Entire Career)
<>06Reduced Because Requested Loan Amount Exceeds Cost of Attendance minus Expected Family Contribution Amount and Estimated Financial Aid Amount
<>10Reduced to the Maximum Amount Allowable as Calculated in Accordance with Guarantor Policy
<>09Requested to the Amount Agreed to by the Endorser