Custom System Requirements

Processing Direct Loan DataDirect Loan Processing

Cycles

Direct Loan processing relies on electronic access of information. Schools exchange loan
information with the Loan Origination Center (LOC) routinely. Schools should develop data
production and transmission schedules around the various Direct Loan processing cycles. Batch
processing of Direct Loan data occurs by data type. The major processing cycles are:
 Full Origination Records
 Change Records
 Promissory Notes
 Request and Receipt of Cash
 Disbursement Records

The Direct Loan program affords schools maximum flexibility in the timing and content of their
transmissions. However, certain rules apply. The LOC processes school data via the Student Aid
Internet Gateway (SAIG, formerly Title IV WAN) daily, in the following order:

1. Full Origination Records

2. Change Records

3. Disbursement Records

Please note that schools no longer transmit electronic promissory note manifests to the LOC.
However, they continue to send batches of promissory notes with paper shipping manifests.

Generally, the LOC retrieves data from SAIG at approximately 8 p.m. (ET). Depending on
required turnaround, the LOC will return processed data to SAIG at approximately 8 a.m. (ET).

1. Schools are not required to submit all batch types to the LOC at once. However, proper
processing order must be considered when developing a transmission schedule. On
acceptance of full origination records, the LOC establishes the loan ID and student loan
information for individual records on its database. At this time, the LOC will send
acknowledgment records accepting or rejecting your submission. If an origination record is
rejected by the LOC, no student loan origination record will be stored on the LOC’s database.

2.

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3. With the exception of promissory notes, if a school sends any record for a loan ID, such as
change, disbursement, or loan detail records without first transmitting acceptable full
origination records, the LOC will not process or retain the submitted records.

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4.

5. However, the LOC will retrieve and maintain a promissory note and return the promissory
note acknowledgment with a pending note status. When the loan origination record has been
accepted, the LOC will return an acknowledgment for the pending promissory note.

6. Schools should not submit $0 Adjustments to Loan Amount Approved unless the actual
disbursements have also been adjusted to $0. For 2000-2001 all of these records can be
submitted in the same cycle.

What Is a Booked Loan?

The goal of all Direct Loan processing is to book loans with the LOC. A “booked” loan implies
there is a binding obligation between the borrower and the U.S. Department of Education (the
Department) to repay. A loan is considered “booked” when the LOC has accepted the full loan
origination record, the promissory note, and the first actual disbursement record for a particular
Loan ID. Subsequent disbursement records are additionally booked as they are accepted by the
LOC.

At the time the LOC books a disbursement or a disbursement amount adjustment, a separate
booking notification will be generated to the schools for each disbursement transaction. The new
booking notification will simplify the reconciliation process between the schools and the LOC.

 The booking notification will contain the disbursement booking date for each disbursement
and disbursement amount adjustment. This booking date is the date the LOC passes the
booked disbursement or disbursement amount adjustment to Servicing.

 The Disbursement Acknowledgement Message Class (DIOD-Batch Type #B) will be used to
transmit the Booking Notification to the schools.

 Disbursement Activity Types for the booking notification are:

L - Booking Disbursement

M - Booking Adjustment

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November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
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Full Loan Origination Records
The Direct Loan Program requires schools to store loan data and submit loan records to the LOC.
Participating Direct Loan schools can establish a Direct Subsidized Loan and a Direct
Unsubsidized Loan based on the student’s eligibility. Participating Schools may include a Direct
PLUS Promissory Note/Application for signature in award packages for the parents or guardians
of eligible students. Once the PLUS loan origination records are transmitted to the LOC, a credit
check is performed on the parent or guardian borrower.
Schools will create one loan record and loan ID for each new loan. For example, if a borrower
has one Direct Subsidized Loan and one Direct Unsubsidized Loan, then the school will maintain
two loan IDs. The full origination record (DESF01IN/DEPF01IN) is created from borrower
demographic data and anticipated disbursement data.

Submitting Full Loan Origination Records

The school transmits a full origination record to the LOC for every loan it originates whether the
School chooses to print the loan’s promissory note or have the LOC print it. If the school
requests that the LOC print promissory notes, the request is transmitted in the full origination
record. If the school prints the promissory note, the loan origination record can be transmitted
before or after the student signs the note. For standard option schools, the LOC will print all
promissory notes.

Subsidized and unsubsidized full origination records are transmitted under the message class name
DESF01IN. PLUS full origination records are transmitted under the message class name
DEPF01IN. There are two message classes because of the difference in turnaround time.
Subsidized and unsubsidized acknowledgments are returned within three days of the LOC
receiving the records. PLUS acknowledgments are returned within five days of the LOC
receiving the records because of the credit check process.

Receiving Full Loan Origination Acknowledgments

The LOC edits the Loan Origination Record to ensure it passes the editing requirements. The
LOC then returns either a rejection or acceptance for each record. The acknowledgment file
(DISF01OP/DIPF01OP) is transmitted to the School indicating the status of each record (Field A)
and up to five reject reasons (Field #5) for each record.

When an origination record is accepted by the LOC, a Disclosure Statement must be generated by
the LOC or the school and sent to the borrower. The LOC will generate Disclosure Statements
unless the school indicates in the LOR they are printing their own. The Disclosure Statement is
printed 10 days prior to the first anticipated disbursement date. The specifications for the
Disclosure Statement and information regarding the disclosure process are in the Direct Loan
Technical Reference later in this section and also in Section 4 (Implementation Guide).

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After the Full Loan Origination Record has been accepted by the LOC, it should not be sent to
the LOC again. If changes need to be sent to update information on the record, a change record
must be sent to the LOC. When a Full Loan Origination Record is rejected by the LOC, it is not
kept on file. The record errors need to be corrected and the Full Loan Origination Record re-
transmitted to the LOC with the message class DESF01IN.

Receiving Loan Origination Acknowledgments from the LOC

The LOC returns one acknowledgment record for each Full Loan Origination Record it receives.
Batch integrity is maintained; the school receives acknowledgment records for all transmitted
records in the batch.

These records are received in message class DISF01OP for subsidized and unsubsidized loan
records and DIPF01OP for PLUS records. These records indicate whether the record has been
rejected or accepted. For PLUS records, the Full Loan Origination Acknowledgment Record also
indicates whether the credit check has been accepted or denied. For PLUS records where the
credit decision has been overridden (modified), a separate record is created and transmitted to the
school indicating the reason for the credit decision. The PLUS Credit Decision Record is
received in message class DIPC01OP. The PLUS Credit Decision records can be transmitted to
the School at any time after the initial decision has been received.

A new process for 2000/2001 allows schools to perform PLUS credit checks at their School
using the WEB. Schools now have the option to submit PLUS LOR’s to the LOC to perform
the credit check or to perform their own credit check from the web. Schools are given the
capability to evaluate credit histories through an interactive web-based application. The web page
accesses an approved credit bureau and returns a credit acknowledgement to the school. The web
page will display the credit decision of approved (accepted) or denied (failed). The reason for
failed credit decisions will not be displayed on the web page. The LOC will continue to provide
the failed credit decision letter to the borrower.

When the school has obtained a failed credit decision, schools have the option to either submit
PLUS LOR's to the LOC, so that the LOC can send an endorser form to the borrower or to
originate the additional unsubsidized loan for the student. The LOR must be sent to the LOC if
the borrower requests an endorser.

The credit decision received from the web does not have to be forwarded to the LOC. The LOC
will receive a simultaneous response from the credit bureau at the time the school performs the
credit check. The LOC will store the credit decision and send necessary letters to the borrowers.
Certification must be kept at the school indicating the borrower has authorized the school to
perform the credit check and also indicating whether or not the borrower wants an endorser in the
case of a failed credit decision.

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November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
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 Loan Origination Process (Sub/Unsub)
Start Student submits FAFSA Application.

School receives valid ISIR data.

Stored student
School creates (Sub/Unsub) Origination data is used to
Record using ISIR and other institutional data . create Origination
Record.

Origination Records are batched and

transmitted to the Loan Origination
Center via SAIG (EDconnect
or mainframe transmission).

Loan Origination Center reviews data and

sends back an acknowledgment.

School retrieves acknowledgment via SAIG

(EDconnect or mainframe transmission
software) and uploads to institutional system.

Origination
No Record Yes
accepted.

End of the Full Loan

When the Origination Record Origination process.
is rejected, the LOC does not
keep the record on file. Reject
codes are returned to the school
to make the necessary LOC or the school
corrections and transmit the prints and provides
Full Loan Origination Record Disclosure Statement
to the LOC again. to the borrower.

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 Loan Origination Process (PLUS)
LOC Executes Credit Check
Student submits FAFSA School receives valid ISIR School sends a Direct
application (optional). data (optional). PLUS Loan Application/
Promissory Note to the
student's parent(s) or
guardian(s), either with the
standard package or upon
request.

Stored student and School creates PLUS

The borrower returns
parent information is Loan Origination Record
the Direct PLUS Loan
used to create and using the Direct PLUS
Application/Promissory
originate the loan Loan Application/
Note to the school.
record. Promissory Note.

PLUS Origination Record is LOC reviews data,

exported to the Loan performs a credit check,
School batches origination
Origination Center (LOC) and sends back the
records.
via SAIG (EDconnect or acknowledgment.
mainframe transmission).

When the Origination

Record is rejected, the School retrieves
LOC does not keep the acknowledgment via SAIG
record on file. Make the (EDconnect or mainframe
No Origination Record
necessary corrections and transmission software) and
Accepted
export the PLUS Loan imports into the institutional
Origination Record again to system.
the LOC.
Yes

See Credit Decision

Credit Accepted No
Flowchart.

Yes

End of the PLUS Loan

Origination process.

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 Loan Origination Process (PLUS)
School Executes Credit Check

Student submits School sends a Direct PLUS Loan

School receives valid
FAFSA application Application/Promissory Note to the
ISIR data (optional).
(optional). student's parent(s) or guardian(s),
either with award package or upon
request.

School conducts School creates PLUS

credit check online The borrower returns
Loan Origination
via the Web. the Direct PLUS Loan
Record using Direct
Application/Promissory
PLUS Loan Application/
Note to the school.
Promissory Note.

Credit Bureau Stored student and School batches

processes request for a parent information is origination records.
credit check and used to create and
returns results via the originate the loan record,
Web. including credit decision
and credit decision date. PLUS Origination record is
exported to the LOC via SAIG
(EDconnect or mainframe
transmissions).

School retrieves Acknowledgment Loan Origination Center

via SAIG (EDconnect or (LOC) reviews data and
mainframe transmission software) sends back the
and imports into the institutional Acknowledgment.
system.

When an Origination Record is

rejected the LOC does not keep End of the PLUS
the record on file. Make the Origination Record
No Yes Loan Origination
necessary corrections and export Accepted
Process
the PLUS Loan Origination
Record again to the LOC.

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Processing PLUS Credit Decisions Update (Override)

If the credit is originally denied on a PLUS Loan Origination Record and the borrower requests a
subsequent credit check, an override, or submits an endorser addendum, the Loan Origination
Center returns a DIPC01OP, credit decision update to the school. The Credit Decision indicates
the results of PLUS loan credit checks on the parent borrower or endorser. For approved
applicants, the School can proceed in disbursing funds to the student’s account. The LOC sends
further information and instructions directly to those applicants not approved for a PLUS loan on
the basis of credit checks. The LOC has the option to override the credit decision after an initial
denial. The PLUS credit checks can be updated at any time on the basis of the borrower
submitting supporting documentation to the LOC or credit reporting agency. Therefore, schools
processing PLUS loans should expect to receive updated credit decisions in this acknowledgment
file at any time from the LOC.

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 Student submits School sends a Direct PLUS Loan
School receives valid
FAFSA application Application/Promissory Note to the
ISIR data (optional).
(optional). student's parent(s) or guardian(s),
either with award package or upon
request.

School conducts School creates PLUS

credit check online The borrower returns
Loan Origination
via the Web. the Direct PLUS Loan
Record using Direct
Application/Promissory
PLUS Loan Application/
Note to the school.
Promissory Note.

Credit Bureau Stored student and School batches

processes request for a parent information is origination records.
credit check and used to create and
returns results via the originate the loan record,
Web. including credit decision
and credit decision date. PLUS Origination record is
exported to the LOC via SAIG
(EDconnect or mainframe
transmissions).

School retrieves Acknowledgment Loan Origination Center

via SAIG (EDconnect or (LOC) reviews data and
mainframe transmission software) sends back the
and imports into the institutional Acknowledgment.
system.

When an Origination Record is

rejected the LOC does not keep End of the PLUS
the record on file. Make the Origination Record
No Yes Loan Origination
necessary corrections and export Accepted
Process
the PLUS Loan Origination
Record again to the LOC.

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 PLUS Credit Decision Update (Override) Process

PLUS Loan Origination Parent works with

Record accepted, but the Loan Origination
Start
credit was initial y Center to get credit
denied by the LOC. accepted. If denied,
the parent submits an
endorser addendum or
stops the process.

Loan Origination
Center sends
DIPC01OP credit
decision update to the
school.

School uploads the

Credit Decision Update
into the institutional
program via SAIG
(EDconnect or
mainframe
transmission).

Parent or Endorser Credit

has been denied. Loan
Origination Center notifies Credit
No
parent and endorser, if Decision
applicable, that the credit
was denied.
Yes

Parent credit decision has

now been accepted or
endorser was accepted.
End of the Credit Decision
process.

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Loan Origination Change Record

Submitting Change Records

After the Full Loan Origination Record has been accepted by the LOC, modifications to the loan
record are transmitted to the LOC via a change record (DESC01IN). Loan Origination Change
records only apply to origination data. Loan Origination Change records are not used to change
actual disbursement data (see Disbursement Records). A list of the fields that can be changed and
change field numbers are provided in the Record Layouts section of this guide (Export Change
Table Values for Field Transmit Numbers). Loan Origination Change Records are submitted to
the LOC by Loan ID. Each record must contain the Loan ID, a sequence number, the change
field number, and the new value the field is to contain.

The change field number consists of three positions for the field number and a prefix to indicate
whether the field is on the Loan Origination Database (prefix is S), or the PLUS Loan Database
(prefix is P). For example, “P004” indicates a change to the student’s last name on the PLUS
Loan Database; “S007” indicates a change to the borrower’s last name on the Loan Origination
Database.

Corrected values must be left justified within the 28-byte change value field. Numeric fields are
left justified and blank filled up to the maximum number of positions for that field.

Example:

Two changes are submitted to a loan record whose ID is 012345678U01G99999001: a change in

the borrower’s last name to SMITH, and a change in the 1st disbursement anticipated gross
amount to $900. The following would be the contents of the change record excluding the create
time, batch number, and User ID fields at the end of the record:

Each change record is limited to 10 data element changes. For records with more than 10
changes, you should submit another change record for the Loan ID and increment the sequence
number. For example, to submit 13 change fields for one Loan ID:

Field Number Field Number

012345678U01G99999001S007SMITH S04000900
Loan ID Corrected Data Corrected Data

Loan ID: 999999999S01G99999001 Sequence Number: 1 Contains first 10 changes.

Loan ID: 999999999S01G99999001 Sequence Number: 2 Contains next 3 changes.

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Important: All changes should be submitted in field number order, i.e., the order the change
fields appear on the Change Field Number Table in this guide. Multiple change records for one
Loan ID must appear in the export file together in sequence number order.

Receiving Loan Origination Change Acknowledgments

The LOC edits the change records with the same requirements as full origination data elements.
The LOC returns an acknowledgment file (DIOC01OP) containing codes accepting or rejecting
the change (Error Values 1–10). The school should resolve rejected fields and resubmit another
change record batch to the LOC. Refer to the Record Layouts section for a list of the reject
codes.

If the change was accepted, no reject codes are returned (blank). Only the fields that are in error
need to be corrected and resubmitted to the LOC. The fields in error will be returned in error
fields 01–10 in the DIOC01OP file.

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 Loan Origination Change Record Process Flowchart

Loan Origination Record accepted

Start and on file at Loan Origination
Center.

School batches change

School makes
records to be sent to Loan
modifications to the loan
Origination Center
data in their institutional
Message Class
system.
(DESC0IIN).

School transmits Loan

Loan Origination Center
Origination Change
reviews Loan Origination
Records to Loan
Change Record and
Origination Center via
returns acknowledgment
SAIG (EDconnect or
to the school.
mainframe transmission).

School uploads Loan Origination

Change Record Acknowledgment
(DIOC0IIOP) into institutional
system upon receipt via SAIG
(EDconnect or mainframe
transmission).

Make necessary
corrections to the
End of Loan
rejected change Change Record
No Yes Origination Change
record and resubmit accepted?
process.
to Loan Origination
Center.

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Printing the Direct Subsidized and Unsubsidized Disclosure Statement
The LOC prints a Disclosure Statement for each accepted subsidized and unsubsidized LOR
accepted by the LOC, unless the school request to print their own Disclosure Statement. The
Disclosure Statement is printed 10 calendar days prior to the first anticipated disbursement date of
the loan. Once the first Disclosure Statement has been printed, the Disclosure Statement will be
reprinted if a change record is received, where there is an increase or decrease in loan amount
approved and the loan has not booked, and when there is a change to anticipated disbursement
date or anticipated disbursement amount.

Options for Printing Disclosure Statements

For 2000–2001, Direct Loans allow up to 20 anticipated disbursements to print on the Disclosure
Statement. We recommend the use of Courier, 10 point, 12 pitch.
Direct Loan Disclosure Statement Print Specifications
The following are the specifications for printing the variable data on the disclosure:
Note: Fields listed below correspond to numbered data elements on the preprinted Disclosure
Statement.

Borrower Information

Form Field Print Instructions

Label/Position
BORROWER Section Heading From left to right, print label “BORROWER
INFORMATION--- INFORMATION” succeeded by dashes across
page.
Line 1
1. Name (last, first, Data element label From left to right in column 1, print data element
middle initial) and label, “1. Name (last, first, middle initial) and
Address (street, city, Address (street, city, state, zip code)”
state, zip code)
Line 2, column 1
1. Name (last, first, Student Borrower’s Last From left to right, print the Student Borrower's
middle initial) and Name, First Name, Last Name, First Name, and Middle Initial. Print a
Address (street, city, Middle Initial comma and space following Last Name, and a
state, zip code) space after the First Name. Left justify within the
print field.
Line 3, column 1
1. Name (last, first, Student Borrower’s From left to right, print the Student Borrower's
middle initial) and Permanent Address Street Address.
Address (street, city, OR
state, zip code)
Student Borrower’s Local
Line 4, column 1 Address

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Direct Loan Disclosure Statement Print Specifications (Continued)

Borrower Information
Form Field Print Instructions
Label/Position
1. Name (last, first, Student Borrower's From left to right, print the Student Borrower's
middle initial) and Permanent City, State, City, Mailing State, and ZIP Code. Separate each
Address (street, city, and Zip Code field with a space and follow city with a comma.
state, zip code) OR Left justify within the print field.
Line 5, column 1 Student Borrower's Local
City, State, and Zip Code
2. Identification Data element label From left to right in column 2, print label
Number(s) “2. Identification Number (s)”.
Line 2
2. Identification Loan ID Print Loan ID of S and/or U type Loan record in
Number(s) 999999999-X-00-X99999-9-99 format.
Line 3 and 4
3. Area Data element label From left to right in column 2, print label
Code/Telephone “3. Area Code/Telephone Number”
Number
Line 6
3. Area Student Borrower's Print in the student/Borrowers permanent
Code/Telephone Permanent Telephone telephone (999) 999-9999 format.
Number Number
Line 7

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Direct Loan Disclosure Statement Print Specifications (Continued)

School Information
Form Field Print Instructions
Label/Position
SCHOOL Section Heading From left to right, print section heading “SCHOOL
INFORMATION--- INFORMATION” succeeded by dashes across the
Line 8 page.
4. School Name and Data element label From left to right in column 1, print data element
Address (street, city, label 4. School Name and Address (street, city,
state, zip code) state, zip code)”
Line 9, Column 1
4. School Name and School Name Print the School Name associated with the DL
Address (street, city, School Code on the LOR. Left Justify.
state, zip code)
Line 10, Column 1
4. School Name and School Address From left to right, print the School’s Street Address,
Address (street, city, City, State, and ZIP Code associated with the DL
state, zip code) School Code above. Separate each field with a
Line 11, Column 1 space and follow address and city with a comma.
Left justify within each field.
5. School Data element label From left to right in column 2, print data element
Code/Branch label “5. School code/Branch”
Line 9, Column 2
5. School Direct Loan School Code Print the DL School Code on LOR
Code/Branch
Line 11, Column 2

Loan Information
Form Field Print Instructions
Label/Position
LOAN Section Heading From left to right, print section heading “LOAN
INFORMATION-- INFORMATION” succeeded by dashes across the
Line 12 page.
6. Loan Period Data element label From left to right in column 1, print data element
Line 13, Column 1 label “6. Loan Period.”

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Direct Loan Disclosure Statement Print Specifications (Continued)

Loan Information
Form Field Print Instructions
Label/Position
From: MM/DD/CCYY Data element label From left to right in column 2, print data element
Line 13, Column 2 label “From: MM/DD/CCYY”.
From: MM/DD/CCYY Loan Period Start Date Print Loan Period Start Date for 1st loan
Line 14, Column 2 identification number in MM/DD/CCYY format.
From: MM/DD/CCYY Loan Period Start Date Print Loan Period Start Date for 2nd loan
Line 15, Column 2 identification number in MM/DD/CCYY format.
To: MM/DD/CCYY Data element label From left to right in column 3, print data element
Line 13, Column 3 label “To: MM/DD/CCYY”.
To: MM/DD/CCYY Loan Period End Date Print Loan Period End Date for 1st loan
Line 14, Column 3 identification number in MM/DD/CCYY format.
To: MM/DD/CCYY Loan Period End Date Print Loan Period End Date for 2nd loan
Line 15, Column 3 identification number in MM/DD/CCYY format.
7. Date of this Data element label From left to right in column 4, print data element
Disclosure Statement label “7. Date of this Disclosure Statement
Line 13, Column 4 (MM/DD/CCYY)”.
7. Date of this Date Disclosure Statement is Print date in MM/DD/CCYY format.
Disclosure Statement printed.
Line 14, Column 4
8. The chart below Disclosure statements From left to right, print statements “8. The chart
shows anticipated below shows anticipated disbursement amounts
disbursement and dates. Actual amounts and dates may vary”
amounts and dates.
Actual amount and
dates may vary.
Line 16
NOTE: THE Disclosure statements From left to right in all caps, print statement
INTEREST RATE ON “NOTE: THE INTEREST RATE ON YOUR
YOUR DIRECT DIRECT SUBSIDIZED AND DIRECT
SUBSIDIZED AND UNSUBSIDIZED LOAN IS VARIABLE.”
DIRECT
UNSUBSIDIZED
LOAN IS VARIABLE.
Line 17
---------------------------- Section separator From left to right, print dashes across page to
Line 18 form a separator line.

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Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Subsidized Loan
Form Field Print Instructions
Label/Position
Anticipated Column Heading In column 2, center heading “Anticipated
Disbursement Disbursement.”
Line 19, Column 2
Loan Fee Column Heading In column 4, center heading “Loan Fee.”
Line 19, Column 4
Dates Column Heading In column 2, center heading
(Month/Day/Year) “Dates (Month/Day/Year).”
Line 20, Column 2
Loan Amount Column Heading In column 3, center heading
Line 20, Column 3 “Loan Amount.”
Percentage Column Heading In column 4, center heading
Line 20, Column 4 “Percentage.”.

Loan Fee Amount Column Heading In column 5, center heading

Line 20, Column 5 “Loan Fee Amount.”
Net Disbursement Column Heading In column 5, center heading
Line 20, Column 6 “Net Disbursement.”
Direct Loan Type label Print and left justify loan type label “Direct”.
Line 21, Column 1
Direct Subsidized 1st Anticipated Disbursement Date Print 1st Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format, if disbursement
Line 21, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 1st Anticipated Gross Disbursement Print 1st Anticipated Gross Amount in
Loan/ Amount $99999.99 format. Right Justify. Retrieve
Line 21, Column 3 data from the Loan Type S record.
Direct Subsidized 1st Anticipated Disbursement Loan Print the Loan Fee Rate in 9.99 format.
Loan/ Fee Percentage
Line 21, Column 4

Direct Subsidized 1st Anticipated Disbursement Loan Print 1st Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 21, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 1st Anticipated Net Disbursement Print 1st Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 21, Column 6 Retrieve data from the Loan Type S record.

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Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Subsidized Loan
Form Field Print Instructions
Label/Position
Subsidized Loan Type label Print and left justify loan type label
Line 22, Column 1 “Subsidized”.
Direct Subsidized 2nd Anticipated Disbursement Date Print 2nd Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 22, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 2nd Anticipated Gross Print 2nd Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 22, Column 3 Retrieve data from the Loan Type S record.
Direct Subsidized 2nd Disbursement Loan Fee Rate If 2nd Anticipated Disbursement Date is <=
Loan/ Loan Period End Date, print the Loan Fee
Line 22, Column 4 Rate in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Subsidized 2 Anticipated Disbursement Loan
nd
Print 2nd Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 22, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 2nd Anticipated Net Disbursement Print 2nd Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 22, Column 6 Retrieve data from the Loan Type S record.
Loan Loan Type label Print and left justify loan type label “Loan”.
Line 23, Column 1
Direct Subsidized 3rd Anticipated Disbursement DatePrint 3rd Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 23, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 3 Anticipated Gross Disbursement Print 3rd Anticipated Gross Disbursement
rd

Loan/ Amount Amount in $99999.99 format. Right Justify.

Line 23, Column 3 Retrieve data from the Loan Type S record.
Direct Subsidized 3rd Disbursement Loan Fee Rate If 3rd Anticipated Disbursement Date is <=
Loan/ Loan Period End Date, print the Loan Fee
Line 23, Column 4 Rate in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Subsidized 3rd Anticipated Disbursement Loan Print 3rd Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 23, Column 5 Justify. Retrieve data from the Loan Type
S record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-18
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Subsidized Loan
Form Field Print Instructions
Label/Position
Direct Subsidized 3rd Anticipated Net Disbursement Print 3rd Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 23, Column 6 Retrieve data from the Loan Type S record.
Direct Subsidized 4th Anticipated Disbursement Date Print 4th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 24, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 4th Anticipated Gross Disbursement Print 4th Anticipated Gross Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 24, Column 3 Retrieve data from the Loan Type S record.
Direct Subsidized 4th Disbursement Loan Fee Rate If 4th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 24, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Subsidized 4th Anticipated Disbursement Loan Print 4th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 24, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 4th Anticipated Net Disbursement Print 4th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 24, Column 6 Retrieve data from the Loan Type S record.
Direct Subsidized 5th Anticipated Disbursement DatePrint 5th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 25, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 5 Anticipated Gross Disbursement Print 5th Anticipated Gross Disbursement
th

Loan/ Amount Amount in $99999.99 format. Right Justify.

Line 25, Column 3 Retrieve data from the Loan Type S record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-19
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Subsidized Loan
Form Field Print Instructions
Label/Position
Direct Subsidized 5th Disbursement Loan Fee Rate If 5th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 25, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Subsidized 5 Anticipated Disbursement Loan
th
Print 5th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 25, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 5th Anticipated Net Disbursement Print 5th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 25, Column 6 Retrieve data from the Loan Type S record.
Direct Subsidized 6th Anticipated Disbursement DatePrint 6th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 26, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 6 Anticipated Gross Disbursement Print 6th Anticipated Gross Disbursement
th

Loan/ Amount Amount in $99999.99 format. Right Justify.

Line 26, Column 3 Retrieve data from the Loan Type S record.
Direct Subsidized 6th Disbursement Loan Fee Rate If 6th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 26, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Subsidized 6 Anticipated Disbursement Loan
th
Print 6th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 26, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 6th Anticipated Net Disbursement Print 6th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 26, Column 6 Retrieve data from the Loan Type S record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-20
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Subsidized Loan
Form Field Print Instructions
Label/Position
Direct Subsidized 7th Anticipated Disbursement Date Print 7th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 27, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 7 Anticipated Gross Disbursement Print 7th Anticipated Gross Disbursement
th

Loan/ Amount Amount in $99999.99 format. Right Justify.

Line 27, Column 3 Retrieve data from the Loan Type S record.
Direct Subsidized 7th Disbursement Loan Fee Rate If 7th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 27, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Subsidized 7th Anticipated Disbursement Loan Print 7th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 27, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 7th Anticipated Net Disbursement Print 7th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 27, Column 6 Retrieve data from the Loan Type S record.
Direct Subsidized 8th Anticipated Disbursement DatePrint 8th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 28, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 8 Anticipated Gross Disbursement Print 8th Anticipated Gross Disbursement
th

Loan/ Amount Amount in $99999.99 format. Right Justify.

Line 28, Column 3 Retrieve data from the Loan Type S record.
Direct Subsidized 8th Disbursement Loan Fee Rate If 8th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 28, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Subsidized 8 Anticipated Disbursement Loan
th
Print 8th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 28, Column 5 Justify. Retrieve data from the Loan Type
S record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-21
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Subsidized Loan
Form Field Print Instructions
Label/Position
Direct Subsidized 8th Anticipated Net Disbursement Print 8th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 28, Column 6 Retrieve data from the Loan Type S record.
Direct Subsidized 9th Anticipated Disbursement Date Print 9th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 29, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 9th Anticipated Gross Disbursement Print 9th Anticipated Gross Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 29, Column 3 Retrieve data from the Loan Type S record.
Direct Subsidized 9th Disbursement Loan Fee Rate If 9th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 29, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Subsidized 9th Anticipated Disbursement Loan Print 9th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 29, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 9th Anticipated Net Disbursement Print 9th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 29, Column 6 Retrieve data from the Loan Type S record.
Direct Subsidized 10th Anticipated Disbursement Date Print 10th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 30, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 10 Anticipated Gross
th
Print 10th Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 30, Column 3 Retrieve data from the Loan Type S record.
Direct Subsidized 10th Disbursement Loan Fee Rate If 10th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 30, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-22
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Subsidized Loan
Form Field Print Instructions
Label/Position
Direct Subsidized 10th Anticipated Disbursement Print 10th Anticipated Disbursement Loan
Loan/ Loan Fee Amount Fee Amount in $99999.99 format. Right
Line 30, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 10th Anticipated Net Disbursement Print 10th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 30, Column 6 Retrieve data from the Loan Type S record.
Direct Subsidized 11th Anticipated Disbursement Date Print 11th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 31, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 11th Anticipated Gross Print 11th Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 31, Column 3 Retrieve data from the Loan Type S record.
Direct Subsidized 11th Disbursement Loan Fee Rate If 11th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 31, Column 4 in 9.99 format. Right Justify.
Otherwise, leave blank.
Direct Subsidized 11th Anticipated Disbursement Loan Print 11th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 31, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 11 Anticipated Net Disbursement
th
Print 11th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 31, Column 6 Retrieve data from the Loan Type S record.
Direct Subsidized 12th Anticipated Disbursement Date Print 12th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 32, Column 2 cancellation code is blank. Retrieve data
from the Loan Type S record.
Direct Subsidized 12 Anticipated Gross
th
Print 12th Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 32, Column 3 Retrieve data from the Loan Type S record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-23
Direct Loan Disclosure Statement Print Specifications (Continued)
Chart of Anticipated Disbursements
Direct Subsidized Loan
Form Field Print Instructions
Label/Position
Direct Subsidized 12th Disbursement Loan Fee Rate If 12th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 32, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Subsidized 12th Anticipated Disbursement Print 12th Anticipated Disbursement Loan
Loan/ Loan Fee Amount Fee Amount in $99999.99 format. Right
Line 32, Column 5 Justify. Retrieve data from the Loan Type
S record.
Direct Subsidized 12th Anticipated Net Disbursement Print 12th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 32, Column 6 Retrieve data from the Loan Type S record.
TOTAL: Data Element label Print and right justify label “TOTAL:”
Line 34, Column 2
Direct Subsidized Total (Gross) Anticipated Print Total Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 34, Column 3 Retrieve data from the Loan Type S record.

If there are more than 12 anticipated disbursements, the LOC is required to print the
Disclosure Statement for schools.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-24
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Unsubsidized Loan
Form Field Print Instructions
Label/Position

----------------------------- Section separator From left to right, print dashes across page
Line 35 to form a separator line.
Direct Loan Type label Print and left justify loan type label “Direct”.
Line 36, Column 1
Direct Unsubsidized 1st Anticipated Disbursement Date Print 1st Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 36, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U record.
Direct Unsubsidized 1st Anticipated Gross Disbursement Print 1st Anticipated Gross Amount in
Loan/ Amount $99999.99 format. Right Justify. Retrieve
Line 36, Column 3 data from the Loan Type U record.
Direct Unsubsidized 1st Disbursement Loan Fee Rate Print the Loan Fee Rate in 9.99 format.
Loan/ Right Justify.
Line 36, Column 4
Direct Unsubsidized 1st Anticipated Disbursement Loan Print 1st Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 36, Column 5 Justify. Retrieve data from the Loan Type
U record.
Direct Unsubsidized 1st Anticipated Net Disbursement Print 1st Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 36, Column 6 Retrieve data from the Loan Type U
record.
Unsubsidized Loan Type label Print and left justify loan type label
Line 37, Column 1 “Unsubsidized”.
Direct Unsubsidized 2nd Anticipated Disbursement Date Print 2 nd Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 37, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U record.
Direct Unsubsidized 2 nd Anticipated Gross Print 2 nd Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 37, Column 3 Retrieve data from the Loan Type U
record.
Direct Unsubsidized 2 nd Disbursement Loan Fee Rate If 2 nd Anticipated Disbursement Date is <=
Loan/ Loan Period End Date, print the Loan Fee
Line 37, Column 4 Rate in 9.99 format. Right Justify.
Otherwise, leave blank.
Direct Unsubsidized 2 nd Anticipated Disbursement Loan Print 2 nd Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 37, Column 5 Justify. Retrieve data from the Loan Type
U record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-25
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Unsubsidized Loan
Form Field Print Instructions
Label/Position
Direct Unsubsidized 2 nd Anticipated Net Disbursement Print 2 nd Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 37, Column 6 Retrieve data from the Loan Type U
record.
Loan Loan Type label Print and left justify loan type label “Loan”.
Line 38, Column 1
Direct Unsubsidized 3rd Anticipated Disbursement Date Print 3 rd Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 38, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U record.
Direct Unsubsidized 3 rd Anticipated Gross Print 3 rd Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 38, Column 3 Retrieve data from the Loan Type U
record.
Direct Unsubsidized 3 rd Disbursement Loan Fee Rate If 3 rd Anticipated Disbursement Date is <=
Loan/ Loan Period End Date, print the Loan Fee
Line 38, Column 4 Rate in 9.99 format. Right Justify.
Otherwise, leave blank.
Direct Unsubsidized 3 rd Anticipated Disbursement Loan Print 3 rd Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 38, Column 5 Justify. Retrieve data from the Loan Type
U record.
Direct Unsubsidized 3 rd Anticipated Net Disbursement Print 3 rd Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 38, Column 6 Retrieve data from the Loan Type U
record.
Direct Unsubsidized 4th Anticipated Disbursement Date Print 4th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 39, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U record.
Direct Unsubsidized 4th Anticipated Gross Disbursement Print 4th Anticipated Gross Amount in
Loan/ Amount $99999.99 format. Right Justify. Retrieve
Line 39, Column 3 data from the Loan Type U record.
Direct Unsubsidized 4th Disbursement Loan Fee Rate If 4th Anticipated Disbursement Date is <=
Loan/ Loan Period End Date, print the Loan Fee
Line 39, Column 4 Rate in 9.99 format. Right Justify.
Otherwise, leave blank.
Direct Unsubsidized 4th Anticipated Disbursement Loan Print 4th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 39, Column 5 Justify. Retrieve data from the Loan Type
U record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-26
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Unsubsidized Loan
Form Field Print Instructions
Label/Position
Direct Unsubsidized 4th Anticipated Net Disbursement Print 4th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 39, Column 6 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 5th Anticipated Disbursement Date Print 5th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 40, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U Record.
Direct Unsubsidized 5th Anticipated Gross Disbursement Print 5th Anticipated Gross Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 40, Column 3 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 5 Disbursement Loan Fee Rate
th
If 5th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 40, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Unsubsidized 5 Anticipated Disbursement Loan Print 5th Anticipated Disbursement Loan
th

Loan/ Fee Amount Fee Amount in $99999.99 format. Right

Line 40, Column 5 Justify. Retrieve data from the Loan Type
U Record.
Direct Unsubsidized 5 Anticipated Net Disbursement
th
Print 5th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 40, Column 6 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 6 Anticipated Disbursement Date
th
Print 6th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 41, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U Record.
Direct Unsubsidized 6th Anticipated Gross Disbursement Print 6th Anticipated Gross Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 41, Column 3 Retrieve data from the Loan Type U
Record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-27
Direct Loan Disclosure Statement Print Specifications (Continued)
Chart of Anticipated Disbursements
Direct Unsubsidized Loan
Form Field Print Instructions
Label/Position
Direct Unsubsidized 6th Disbursement Loan Fee Rate If 6th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 41, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Unsubsidized 6th Anticipated Disbursement LoanPrint 6th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 41, Column 5 Justify. Retrieve data from the Loan Type
U Record.
Direct Unsubsidized 6th Anticipated Net Disbursement Print 6th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 41, Column 6 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 7 Anticipated Disbursement Date
th
Print 7th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 42, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U Record.
Direct Unsubsidized 7 Anticipated Gross Disbursement Print 7th Anticipated Gross Disbursement
th

Loan/ Amount Amount in $99999.99 format. Right Justify.

Line 42, Column 3 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 7 Disbursement Loan Fee Rate
th
If 7th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 42, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Unsubsidized 7 Anticipated Disbursement Loan
th
Print 7th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 42, Column 5 Justify. Retrieve data from the Loan Type
U Record.
Direct Unsubsidized 7th Anticipated Net Disbursement Print 7th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 42, Column 6 Retrieve data from the Loan Type U
Record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-28
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Unsubsidized Loan
Form Field Print Instructions
Label/Position
Direct Unsubsidized 8th Anticipated Disbursement Date Print 8th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 43, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U Record.
Direct Unsubsidized 8 Anticipated Gross Disbursement Print 8th Anticipated Gross Disbursement
th

Loan/ Amount Amount in $99999.99 format. Right Justify.

Line 43, Column 3 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 8th Disbursement Loan Fee Rate If 8th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 43, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Unsubsidized 8th Anticipated Disbursement LoanPrint 8th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 43, Column 5 Justify. Retrieve data from the Loan Type
U Record.
Direct Unsubsidized 8 Anticipated Net Disbursement
th
Print 8th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 43, Column 6 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 9 Anticipated Disbursement Date
th
Print 9th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 44, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U Record.
Direct Unsubsidized 9 Anticipated Gross Disbursement Print 9th Anticipated Gross Disbursement
th

Loan/ Amount Amount in $99999.99 format. Right Justify.

Line 44, Column 3 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 9 Disbursement Loan Fee Rate
th
If 9th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 44, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Unsubsidized 9th Anticipated Disbursement Loan Print 9th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 44, Column 5 Justify. Retrieve data from the Loan Type
U Record.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-29
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Unsubsidized Loan
Form Field Print Instructions
Label/Position
Direct Unsubsidized 9th Anticipated Net Disbursement Print 9th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 44, Column 6 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 10 Anticipated Disbursement Date Print 10th Anticipated Disbursement Date in
th

Loan/ MM/DD/CCYY format if disbursement

Line 45, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U Record.
Direct Unsubsidized 10th Anticipated Gross Print 10th Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 45, Column 3 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 10th Disbursement Loan Fee Rate If 10th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 45, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

Direct Unsubsidized 10 Anticipated Disbursement
th
Print 10th Anticipated Disbursement Loan
Loan/ Loan Fee Amount Fee Amount in $99999.99 format. Right
Line 45, Column 5 Justify. Retrieve data from the Loan Type
U Record.
Direct Unsubsidized 10th Anticipated Net Disbursement Print 10th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 45, Column 6 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 11th Anticipated Disbursement Date Print 11th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 46, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U Record.
Direct Unsubsidized 11th Anticipated Gross Print 11th Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 46, Column 3 Retrieve data from the Loan Type U
Record.
Direct Unsubsidized 11th Disbursement Loan Fee Rate If 11th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 46, Column 4 in 9.99 format. Right Justify.

Otherwise, leave blank.

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(188 H) 3-30
November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-31
Direct Loan Disclosure Statement Print Specifications (Continued)

Chart of Anticipated Disbursements

Direct Unsubsidized Loan
Form Field Print Instructions
Label/Position
Direct Unsubsidized 11th Anticipated Disbursement Loan Print 11th Anticipated Disbursement Loan
Loan/ Fee Amount Fee Amount in $99999.99 format. Right
Line 46, Column 5 Justify. Retrieve data from the Loan Type
U record.
Direct Unsubsidized 11 Anticipated Net Disbursement
th
Print 11th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 46, Column 6 Retrieve data from the Loan Type U
record.
Direct Unsubsidized 12th Anticipated Disbursement Date Print 12th Anticipated Disbursement Date in
Loan/ MM/DD/CCYY format if disbursement
Line 47, Column 2 cancellation code is blank. Retrieve data
from the Loan Type U record.
Direct Unsubsidized 12th Anticipated Gross Print 12th Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 47, Column 3 Retrieve data from the Loan Type U
record.
Direct Unsubsidized 12 Disbursement Loan Fee Rate
th
If 12th Anticipated Disbursement is <= Loan
Loan/ Period End Date, print the Loan Fee Rate
Line 47, Column 4 in 9.99 format. Right Justify.
Otherwise, leave blank.
Direct Unsubsidized 12 Anticipated Disbursement
th
Print 12th Anticipated Disbursement Loan
Loan/ Loan Fee Amount Fee Amount in $99999.99 format. Right
Line 47, Column 5 Justify. Retrieve data from the Loan Type
U record.
Direct Unsubsidized 12 Anticipated Net Disbursement
th
Print 12th Anticipated Net Disbursement
Loan/ Amount Amount in $99999.99 format. Right Justify.
Line 47, Column 6 Retrieve data from the Loan Type U
record.
TOTAL: Data Element label Print and right justify label “TOTAL:”
Line 49, Column 2
Direct Unsubsidized Total (Gross) Anticipated Print Total Anticipated Gross Disbursement
Loan/ Disbursement Amount Amount in $99999.99 format. Right Justify.
Line 49, Column 3 Retrieve data from the Loan Type U
record.
----------------------------- Section separator From left to right, print dashes across page
Line 50 to form a separator line.

If there are more than 12 anticipated disbursements, the LOC is required to print the
Disclosure Statement for schools.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-31
Master Promissory Note with Multi-Year Functionality
The Master Promissory Note (MPN) is the only approved promissory note to process Direct
Subsidized and Unsubsidized Loans for all schools. No changes are being made to MPN data
elements. At this time, the MPN concept will not be adopted for use in the PLUS program.

The MPN ID prints on the MPN. This identification number is used by the LOC to link loans to the
MPN. For newly printed MPNs for 2000-2001, the format of the MPN ID has changed to use “M” as
the MPN indicator instead of “S” or “U” in the loan type code field .

As in the past, the school prints a MPN based on the completed loan origination record. However, no
dollar amount is printed on the MPN by the school or the LOC and only one note is used for both
subsidized and unsubsidized loans.

A MPN must be printed by the school or the LOC and signed by the student borrower before
disbursing a Federal Direct Subsidized Loan or Federal Direct Unsubsidized Loan. The MPN is a
legal document requiring the borrower to repay the funds borrowed under the Direct Loan Program.

For 2000-2001 the Multi-Year Note (MYN) functionality will be implemented for the MPN for some
schools per Direct Loan Regulations. Eligible schools include all four-year undergraduate schools and
graduate schools. Any schools with questions regarding eligibility may contact Direct Loan
Operations.

With this change, if a borrower is attending a school eligible for multi-year functionality, the borrower
is required to have only one open MPN on file at the LOC, for all subsidized and unsubsidized loans
disbursed for academic year 2000-2001 forward. For example, the open MPN at the LOC can be an
MPN processed for year 1999-2000. The 2000-2001 loans and forward may be will be linked to this
open MPN. Since multiple loans are linked to an MPN, the promissory note print sequence number is
no longer necessary.

An open MPN on file at the LOC is assigned to the borrower and is not limited for use at a specific
school. Therefore, any MPN accepted by the LOC can be used by a school eligible for MYN
functionality. Thus, all loans for a student are linked to the same MPN across schools and academic
years. The Social Security Number (SSN), date of birth, and first name on the Loan Origination
record must match the SSN, date of birth, and first name on the MPN. If there are any
differences, the LOC is not able to link the MPN to the Loan Origination Record.

If a school is NOT eligible for MYN functionality (single-year schools), a new MPN must be
generated each academic year for each borrower. A single-year school must use an MPN generated at
or for that School only. A single-year school can link all subsidized and unsubsidized loans for the
same academic year, for the same student to the same MPN.

An open MPN is valid for up to 10 years from the date of the first anticipated disbursement if an actual
disbursement has been made. By calling an LOC Customer Service Representative, a student may
close an MPN. Once an MPN has been closed, no new loans can be linked to the closed MPN. A
new MPN must be generated. However, all disbursements and booking activity for the loans already
attached to the closed MPN will be processed.

February 2000 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-32
Options for Processing Master Promissory Notes

Schools (Option 1 and Option 2 schools) have 2 options, preprint available borrower and school
information on the Master Promissory Note, and provide the document to the borrower for
review, completion, and signature, or the school may request the LOC print the Master
Promissory Note.

The Department provides copies of a standard, approved Master Promissory Note to participating
schools. A copy of the Master Promissory Note can be found in the Appendix. However, the
school may create their own form as long as it is identical in format and wording to the one
provided by the Department. The form must be approved by the

LOC. A packet for format and wording is available by contacting the LOC at 800/848-0978.

A minimum of two copies must be printed: one as the borrower copy and one as the LOC copy.
Additional copies can be printed, if desired, as school copies.

When mailing the MPN, we recommend the use of a “number 10” business window envelope.

When printing the MPN, we recommend the use of Courier, 10 point, 12 pitch. Other settings
may cause delays in the processing of the school’s MPNs. Use the following specifications to
develop your own printing system. They are similar to those used to develop the EDExpress
Direct Loan Software.

November 1999 (2000–2001) Direct Loan Technical Reference Custom System Requirements
(188 H) 3-33