This X12 Transaction Set contains the format and establishes the data contents of the Student Loan Pre-Claims and Claims Transaction Set (191) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by lending institutions (lenders), secondary markets, or student loan servicers to exchange information with guarantee agencies (guarantors) regarding pre-claims assistance on student loans that are approaching a default status and claim payment requests for defaulted student loans.

This information includes, but is not limited to, borrower identification, loan detail, payment history, and due diligence history. Federal regulations require loan owners to file a pre-claims assistance request as part of their due diligence process, prior to filing a claim for default reimbursement. Loan owners are also required to file specific information to submit a claim payment request.

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What Can EDI Do For Your Ordering Process?

ASPECTS OF SALES ORDERS IMPROVED BY EDI ACCURACY - 97%       PRODUCTIVITY - 92%       RESPONSE/CYCLE TIMES - 81%       SALES ACROSS COMPANY BORDERS - 75%       ABILITY TO TRACK/TRACE GOODS - 67%	ASPECTS OF PURCHASE ORDERS IMPROVED BY EDI ACCURACY - 91%       PRODUCTIVITY - 77%       RESPONSE/CYCLE TIMES - 74%       SALES ACROSS COMPANY BORDERS - 65%       ABILITY TO TRACK/TRACE GOODS - 74%
* Supply Chain Insights, LLC; B2B Study, June-September 2013. Survey of Manufacturers, Retailers, Distributors & others currently using EDI.

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