EDI Document Type - 191 Student Loan Pre-Claims and Claims
What is a 191 Student Loan Pre-Claims and Claims?
The 191 Student Loan Pre-Claims and Claims document contains information regarding Student Loan Pre-Claims and Claims Transaction Set (191) for use within the context of an Electronic Data Interchange (EDI) environment. Standard EDI formats include X12, ANSI, EDIFACT and its subsets. Click here to read more about supported EDI Standards.
What makes up the 191 Student Loan Pre-Claims and Claims ?
A 191 Student Loan Pre-Claims and Claims document is organized into the following segment and data elements. A segment can contain at least one data element. Each data element contains a data field. Examples of data elements on the 191 Student Loan Pre-Claims and Claims document includes borrower identification, loan detail, payment history, and due diligence history. Loan owners are required by Federal regulations to file a pre-claims assistance request as part of their due diligence process, prior to filing a claim for default reimbursement. It is important to acknowledge that 191 Student Loan Pre-Claims and Claims document requires loan owners to file specific information to submit a claim payment request.
How is it used?
The purpose of the 191 Student Loan Pre-Claims and Claims document is it can be used by lending institutions, secondary markets, or student loan servicers to exchange information with guarantee agencies regarding pre-claims assistance on student loans that are approaching a default status and claim payment requests for defaulted student loans.
The Process and Standards
An EDI solution is required to process the EDI documents received into a financial system (click here to view all available financial systems eBridge integrates into) or into a readable format for manual entry. Each trading partner will have an EDI Implementation guide outlining the specific segments, data elements, values accepted, and the applicable business rules to be followed.
Click here to find your trading partnerWhy eBridge Connections?
- 2000+ Customers | 37+ Financial Systems | 47,000+ Documents Integrated
- One company to build, deploy and maintain all of your integration solutions;
- Pre-built trading partner connections allow for quick deployment;
- Pay one low monthly fee regardless of how many transactions you execute, no VAN fees;
- Last mile integration - from trading partner, right into your accounting package;
- Scalable eBridge solutions allow you to grow your business, integrate and exchange information with trading partners, customer relationship management (CRM), supply chain management (SCM) and eCommerce (webstore) systems
 |
 |
 |