Loan Guarantee System Edit Booklets Revised
Texas Guaranteed Student Loan Corporation (TG) Loan Guarantee Operations (LGO) announces the release of its revised Loan Guarantee System Edit Booklets. This month LGO mailed customers two revised edit booklets: Loan Guarantee System Edits for Federal Stafford and PLUS Loans and Loan Guarantee System Edits for Federal Consolidation Loans. (Only eligible Federal Consolidation loan lenders and their designated servicers will receive the Loan Guarantee System Edits for Federal Consolidation Loans booklet.)
These booklets provide a complete listing of TG system edits with a description of each edit code that may cause an application to reject. The booklets also provide schools and lenders with other pertinent information related to each edit. In addition, the booklets indicate:
- Loan types applicable to each edit,
- Whether a similar pre-edit exists in AdvanTG software,
- Whether the borrower receives written notification of the edit results,
- The equivalent CommonLine error code, and
- Whether the edit can be resolved via OnLine Access.
Proactive business partners may use these booklets in conjunction with TG's OnLine Access and/or TG's Application Reject Pending and Denial Report to instantly determine the cause of rejected applications and the corresponding resolution requirements.
If you have not received a copy of the revised edit booklets by July 15, 2000, or if you have questions or concerns about the booklets, call Nancy Miller at (800) 252-9743, ext. 4774 or send an message to firstname.lastname@example.org.
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