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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.
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What is a 191 - Student Loan Pre-Claims and Claims document?
The 191 EDI document type 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
What makes up the 191 - Student Loan Pre-Claims and Claims document?
An EDI 191 - Student Loan Pre-Claims and Claims document is organized into segment and data elements. 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. There are an infinite number of possibilities available for a company to include data on an 191 - Student Loan Pre-Claims and Claims.
How is a 191 - Student Loan Pre-Claims and Claims 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.
How is a 191 - Student Loan Pre-Claims and Claims 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.