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