Session 25 What’s New in EDExpress 9.

1 Direct Loan for 2003-2004

Session 25


 Highlight 2003-2004 changes to the Direct Loan module  Share EDExpress Direct Loan processing tips  Evaluations  Questions?
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COD Participation
 Starting in 2003-2004 EDExpress users will be full participants in COD

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New Terminology
OLD TERM LOC Loan Origination Acknowledgement Batch ID Anticipated Disbursement
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NEW TERM COD Award Edit Only Response Document ID Edit-Only Disbursement

Global Changes
 For Direct Loan and Pell only, Batch ID has been replaced by Document ID on the screens and the reports  Link to the FSA Schools Portal has been added to the Help pull-down menu  Link to FAA Access to CPS Online has been added to the View pull-down menu
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 Direct Loan School setup
– Added a Funding Method column to each record – Added Reporting Entity ID and Attended Entity ID columns
• Required entry for all users • This field is similar to Pell

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DL - School Setup

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 Direct Loan Tolerances setup
– Added a Document Activity (COD Common Record) field – Removed all Batch Activity fields

 Direct Loan System setup
– Added a Source Entity ID field
• Required entry for all users

– Added Third Party Servicer checkbox
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DL - Tolerances Setup

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DL - System Setup

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Direct Loan Tab
 Removed Loan Amount Requested field  Added CPS Transaction Number field  Changed all “Batch ID” or “Batch #” field labels to “Document ID”  Changed all “Promissory Note Status” field labels to “MPN Status”  Enabled Disclosure Statement Print Indicator and Printed Field for PLUS Loans
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Direct Loan Tab
 Modified Prom Note Information fields for PLUS Loans  Removed Accepted Note ID field

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Disbursement Tab
 Added “Disbursement Release Indicator” (DRI) field to Edit-Only Disbursement grid  Move values from an Edit-Only Disbursement record to the Actual Disbursement grid when the DRI is selected  Moved the First Disbursement flag from the Action Fields to the Edit-Only Disbursement grid
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Disbursement Tab
 Changed “Anticipated Disbursement” grid to “Edit-Only Disbursement”  An Edit-Only Disbursement is disabled when the Disbursement Release Indicator (DRI) is selected  Removed “D” and “U” from the Action Type field  Removed “Disbursement Confirmed” flag
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Disbursement Tab

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Multiple Entry
 Changed “MPN/Promissory Note Status” references to “MPN Status”  Removed Direct Loan Confirmation Code  Disclosure Printed field can now be updated  The corresponding Edit-Only Disbursement Release Indicator (DRI) flag will be checked (set to true) if a Disbursement Type of “D” is used  “U” changes from “Use Anticipated Disbursement” to “Update DRI to True”
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Import from EDExpress Modules
 No changes to ISIR imports from Application Processing module to Direct Loan  No changes to Packaging loan data imports to Direct Loan

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Import/Export between EDExpress & Mainframe
 External Add—Origination and Disbursement data will remain in the flat ASCII file format  External Change—Origination and Disbursement data will also remain in the flat ASCII file format  File Format (export to mainframe) remains in the flat ASCII file  Changes made to the record layouts to accommodate adding and deleting of fields
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DL - Combination

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 Origination, Change and Disbursement data exports have been removed  New Common Export
– Common Record combines both Origination and Disbursement data – This file is in the new XML format and sent to COD – Common Record message class
• COMRECIN (EDExpress to COD)

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 Document IDs have new format:
– CCYY-MM-DDTHH:mm:ss.ff99999999 – CCYY-MM-DD (Century, Year, Month, Date) – T (Constant “T”) – HH:mm:ss.ff (Hours, minutes, seconds, thousandths) – 99999999 (Source Entity ID from setup)
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 For the Common Record the user can choose to export both Direct Loan and Pell data combined

 Users will be able to regenerate Common Record documents

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DL - Export

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DL - Export

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 Edit-Only is basically the origination information with anticipated disbursement dates
– If the DRI is set to false (unchecked), COD treats the Disbursement data as an Anticipated Disbursement – If the DRI is set to true (checked), COD treats the Disbursement data as an Actual Disbursement

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 Majority of data received from COD will be in the new XML format
– Reports remain fixed-length, flat ASCII file for EDExpress users

 Removed Origination, Change and Disbursement Acknowledgements  Acknowledgements have been replaced with COD Common Record Response
– COMRECOP (COD to EDExpress)
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DL - Import

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COD imports remaining in flat ASCII file format: – Pending Disbursement – Exit Counseling List – Funded Disbursement – Duplicate Student Borrower Report List – Inactive Loans – 30 Day Warning Report Report – ED Initiated – SSN/Name/DOB Change Report – Entrance Counseling
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 Users can now print to a file from within a student’s record  Users can now e-mail User-Defined Letters to their students
– E-mailed version does not have SSN

 New Student Summary report—This is a summary of all student data, including both Direct Loan and Pell information

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 New PLUS Disclosure Statement—Schools can print this report if a PLUS Award record has a positive credit decision  All reports will be displayed with updated COD terminology and layouts

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Direct Loan Processing Tips
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Tip #1
 File | Export | Direct Loan | Combine Direct Loan and Pell option
– Users can combine the Direct Loan and Pell “ready-to-go” data into one file for transmission to COD – Benefit of only having to export one file and to transmit one file
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Tip #2
 Tools | Setup | Global | Security Users | Export to EDconnect option
– By selecting this option, each time a user exports files that are to be sent to COD, the exported files will automatically populate the EDconnect transmission queue

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Tip #3
 Tools | File Format | Direct Loan
– Create two formats to get the basic origination and disbursement data out of EDExpress – Origination format could include the following fields:
• NAME, Origination ID, Amount (award), Status

– Same could be done for Disbursement data – Or create one format that contains all the data
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Tip #4
 If you are using EDExpress Direct Loan or Pell modules in 2003-2004, please remember to sign up as a Full Participant with COD  This can be done in the PC Lab

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Tip #5
 Plan to attend Direct Loan EDExpress training  Training dates will be announced in the near future on IFAP

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Contact Information
We appreciate your feedback and comments
CPS/WAN Technical Support Phone: 1 800 330 5947 E-mail: FSATech Listserv E-mail: Sign-up information: l
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Email: Subject line (which function interested in):
• • • • Beta Test Beta Reviewer Focus Group Usability Test

Note: Include in body text what module/ application as well as the type of system setup you have if you’ve indicated Beta Test
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