Loan Information

Informed Borrower Tab

Beginning with the 2020-21 award year, Anthology Student supports the Informed Borrowing Requirement for student borrowers (DIRSUB, DIRUNSUB, DIR Grad Plus loans) and parent borrowers (DIR Parent Plus loans). After the borrowers acknowledge that they have reviewed their outstanding loan balance at https://StudentAid.gov (Annual Student Loan Acknowledgement), COD returns a new system generated response file (CRIByyOP) that contains the information populated on the screen below.

Use the Informed Borrower tab to check if borrowers have reviewed their outstanding loan balance at https://StudentAid.gov (Annual Student Loan Acknowledgement).

Note: For Award Year 2021-22 and higher, Regulatory does not prevent the export of Direct Loan awards with Paid or Released disbursements (DRI= true) until an Informed Borrowing/Annual Student Loan Acknowledgement record can be found for the borrower. The export validation was not implemented because the Department of Education delayed its enforcement.

1. Select a Student.

2. Navigate to the Loan Information tile under Financial Aid.

3. Click the Informed Borrower tab and review the data in the grid.

   Award Year The financial aid award year. Fund Types Specific classification for the fund source. Informed Borrower ID After borrowers acknowledge that they have reviewed their outstanding loan balance at StudentAid.gov, COD returns 18-digit Informed Borrower ID tags at Award Level for each Direct Loan in the response file. Borrower Name Borrower's last name and first name

   Completion Date After borrowers acknowledge that they have reviewed their outstanding loan balance at StudentAid.gov, COD returns the Informed Borrowing Completion Dates in CCYY-MM-DD format at the Award Level for each Direct Loan in the response file. File Name File name of the generated file. Import Date The date and time when the job was processed

Subsidized Usage Tab

The records in the Subsidized Usage tab indicate if a student has a remaining subsidized loan eligibility for a specific award year. The form assists financial aid administrator when packaging student loans.

When a direct loan is exported from Anthology Student to the Common Origination and Disbursement (COD) system, COD returns a response that contains the subsidized usage information.

COD uses the following formula to determine the remaining subsidized loan eligibility:

1. Select a Student.

2. Navigate to the Loan Information tile under Financial Aid.

3. Click the Subsidized Usage tab.

4. Review the information for the pertinent award year. In particular, check whether the subsidized usage limit (SULA) applies and take note of the Remaining Subsidized Eligibility Period.

   Award Year The financial aid award year. Date Received The date when the COD response containing the subsidized usage information was imported into Anthology Student and the record displayed in the UI was created. Financial Aid Award ID The Financial Award ID matches the Loan ID on the Direct Loan Detail form. Max Sub Eligibility Period The student's maximum subsidized loan eligibility period (in years).

   Published Pgm Length The program length (in years) published in the institution's catalog. Usage Limit Applies Indicates whether the subsidized usage limit applies (Yes/No). Remaining Sub Eligibility Period The calculated remaining subsidized loan eligibility (in years).

MPN Information / COA Tab

The records in the MPN Information tab display all MPNs linked or associated with each loan or student.

1. Select a Student.

2. Navigate to the Loan Information tile under Financial Aid.

3. Click the MPN Information tab.

4. Select the student's Enrollment.

5. Select the Academic Year.

6. Click Apply Filters.

7. Review the information in the grid.

   Loan ID The ID assigned to the loan by COD. Award Year The financial aid award year. Fund Source Type Specific classification for the fund source. Gross Award Amount The gross amount the student is eligible to receive for the fund source before any fees. Net Award Amount The net amount before fees are added. Origination Status Origination status of the award.

   Prom Note Status The status of the promissory note for the loan. The values are Not ready to print (default for a new loan), Ready to print, Signed, Printed (automatic), Pending (automatic), Accepted by COD (automatic), Rejected by COD (automatic), Inactive, Inactive Endorser Linked or inactive due to the linking of a PLUS loan with an endorser, and Closed. The field is editable if the loan is new or the status of the promissory note is Not ready to print, Ready to print, or blank. If you are adding a loan and print the promissory note while adding the loan, and the Prom Note Status is changed to Printed once it was printed successfully, the field is disabled even though the loan is still being added. For a loan disbursement export to COD, the MPN status must be Accepted. Prom Note Printed Date The date when the promissory note was printed (if it was printed). Award Status The status of the award. The possible statuses are Estimated, Pending Approval, Approved, and Canceled. Prom Note Linked Displays the value from the loan origination acknowledgment file that was imported. The values are Y and N. When Financial Aid Automation is being used, for a disbursement to be exported for a Stafford loan (DL SUB/DL UNSUB), it must have a value of Y or N. When Financial Aid Automation is being used, for a disbursement to be exported for a Direct PLUS loan, it must have a value of Y. Number of Disbursements Number of disbursements for the award. Direct Loan Cost Of Attendance This field holds the cost of attendance for the loan period dates of the Direct loan which is retrieved from the Budget COA. Non-originated awards will have the value automatically updated when changes occur to the total budget amount. The value is editable at any time and is available for Subsidized, Unsubsidized, PLUS, Grad PLUS, and Parent PLUS loans for award year 2022-23 and later. For more details, see Notes.

   Notes

   The Direct Loan COA value will only be visible for clients using Regulatory 14.2 with the Anthology Student versions marked as TRUE in the table below.

   Anthology Student Version	Direct Loan COA Visible?
   22.1.0	TRUE
   22.1.1	TRUE
   22.1.2 or higher patch	FALSE
   22.2.0	TRUE
   22.2.1 or higher patch	FALSE
   22.3.0 or higher minor version or patch	FALSE
   23.0.0 or higher minor version or patch	FALSE

   The MPN Information tab is labeled as "MPN Information / COA" when Direct Loan COA values are available.

   The grid does not display the Direct Loan Cost Of Attendance column by default. Click the drop-down in a column header and select this column to view its values.

   When you select a record that has a Direct Loan COA value, you can click the Update Cost Of Attendance option in the grid header and edit the value in a popup window. The following validation occurs:

   • The Direct Loan COA must be greater than 0.

   • If the Direct Loan COA is less than all direct loans in the loan period, a warning is displayed, but you can still save the updated value.

   The system does not perform any calculations to determine the Direct Loan COA.

   • Mid-year start students will have direct loans created with the Direct Loan COA from the student's Total Budget Displays the total of values you have specified in the budget and represents the cost of attendance (COA) for this academic year or loan period. It includes tuition, books and supplies, room and board, travel, and all other charges. amount (see Add Academic Year Sequences). The budget for a mid-year start should be adjusted already due to the abbreviated dates of the academic year.

   • If the COA increases and a loan is increased, the loan period dates and the Direct Loan COA need to be manually updated.

   • If the COA increases and the student is packaged for a single-term loan, the loan period dates and Direct Loan COA need to be manually adjusted.

   Manual adjustments will initially create the loan with a loan period of the student's academic year, then retrieve the Direct Loan COA from a previous loan with matching dates, or retrieve the Direct Loan COA from the Budget COA. Loan Periods may need to be added for term-based programs where a user could assign a COA for each term.

   Packaging with Limit Awards to COA Select the check box to prevent institutions from over-awarding. The system prevents the creation of a student payment plan when the COA is zero. For additional information, see Background for Campuses Financial Aid. selected (see Configure COD & Packaging Settings for Campuses) will not allow a user to package a total amount of direct loans over the COA. The packaging logic will populate the Direct Loan COA with an amount that will always be greater than the total amount of direct loans.

   Changing the Direct Loan COA will not create an origination change for a loan previously submitted to COD. The tag will just be sent with the current value every time other origination changes are sent.

8. If the Prom Note Status is Ready to Print or Not Ready to Print:, the Print MPNs button is enabled in the grid toolbar.

   When you click Print MPNs and the MPN status is:

   • Ready to Print

     You are prompted to confirm that you want to print the MPN. If you click Yes, the MPN is printed. After printing successfully, the print date is added or updated on the Prom Note Info tab of the Awarding form.

   • Not Ready to Print

     You are notified that the MPN status will be changed to Ready to Print if you proceed to print. If you click Yes to proceed, the MPN is printed. After printing successfully, the MPN status is changed to Ready to Print and the print date is added or updated on the Prom Note Info tab of the Awarding form.

9. Click the link on the Loan Number. The Master Prom Note Information grid is displayed at the bottom of the page.

10. Review the information in the Master Prom Note Information grid.

    MPN ID The identifier for the Master Promissory Note (MPN). MPN Status Status of the Master Promissory Note (MPN) Expiration Date Displays the value from the import file. A new <MPNExpirationDate> tag is included in the response block of the COD Common Record received from COD. Fund Source The source of this fund. If your institution is using fund source security, you must have permission to work with the fund source. Prom Note Linked Displays the value from the loan origination acknowledgment file that was imported. The values are Y and N. When Financial Aid Automation is being used, for a disbursement to be exported for a Stafford loan (DL SUB/DL UNSUB), it must have a value of Y or N. When Financial Aid Automation is being used, for a disbursement to be exported for a Direct PLUS loan, it must have a value of Y.

    Borrower Name Borrower's last name and first name Imported File Name Name of the import file. Import Date The date and time when the job was processed Electronic MPN Indicates whether the MPN is an electronic MPN (rather than a paper MPN).