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Below you will essential information in regards to this EDI. If you have any specific questions about integrating your EDI with your ERP and eCommerce please reach out. Take advantage of our "start planning" feature to map out your integration needs.
What is a 144 - Student Loan Transfer and Status Verification document?
The 144 EDI document type contains information regarding the 144 Student Loan Transfer and Status Verification Transaction Set (144) for use within the context of an Electronic Data Interchange (EDI) environment.Standard EDI formats include X12, ANSI, EDIFACT and its subsets.
What makes up the 144 - Student Loan Transfer and Status Verification document?
An EDI 144 - Student Loan Transfer and Status Verification document is organized into segment and data elements. Examples of data elements on the 144 EDI document include, borrower, student, and loan detail information. There are an infinite number of possibilities available for a company to include data on an 144 - Student Loan Transfer and Status Verification.
How is a 144 - Student Loan Transfer and Status Verification used?
The 144 Student Loan Transfer and Status Verification document is used by lending institutions ("lenders"), guarantee agencies ("guarantors"), and secondary markets to send and receive information regarding the transfer of ownership of a student loan. This EDI document can be used to verify the status of a student loan prior to and subsequent to the purchase of the loan. Furthermore, a potential purchaser of a student loan would use this transaction set to request information, from the guarantor of the loan, regarding loan status. The 144 Student Loan Transfer and Status Verification document would in turn be used by the guarantor to return the verified loan status information to the requester. Following to the purchase of the loan, the 144 EDI document would be used by the purchaser to notify the guarantor of a transfer of ownership.
How is a 144 - Student Loan Transfer and Status Verification processed?
An EDI solution is required to process the EDI documents received into an ERP or accounting system 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.
eBridge Connections has pre-built maps for all EDI transaction documents including 850 purchase orders, 810 invoices, and 856 advance shipping notices.