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