Posted Date:December 23, 2014
|Author:||Sue O'Flaherty, Service Director, Program Management, Federal Student Aid|
Subject: Temporary Change to COD Reject Edit 147 - December 2014 - March 2015
As explained in a November 24, 2014 electronic announcement posted to the Information for Financial Aid Professionals (IFAP) Web site, we implemented changes to the Common Origination and Disbursement (COD) System, including revised functionality for COD Reject Edit 147 (Identifier inconsistency for PLUS Award for Graduate/Professional Student), during the weekend of December 12-14, 2014.
As explained in the announcement, when submitting changes to identifiers for a graduate/professional student Direct PLUS Loan borrower, a school must submit the change in both the student block and the borrower block in the Common Record. If the change tags are not submitted in both blocks, the school will receive COD Reject Edit 147.
As a result of this change, some schools are experiencing unexpected rejected records for their Direct PLUS Loans for graduate/professional students. To lessen the potential impact to schools during the early 2015 peak processing period, beginning December 30, 2014, we will change the COD System to return COD Reject Edit 147 under the previous business rules (those in place prior to the December 12-14 implementation) for a temporary period of time. Accordingly, we will evaluate records for graduate/professional student Direct PLUS Loan borrowers as follows:
From December 30, 2014 until March 27, 2015, we will not enforce the COD Reject Edit 147 change. This means that we will not require the identifier change tags in both the student block and the borrower block of the Common Record.
Beginning March 27, 2015, we will enforce the COD Reject Edit 147 change. At that time, we will require the identifier change tags in both the student block and the borrower block of the Common Record.
Prior to restarting COD Reject Edit 147 enforcement on March 27, 2015, we will inform the community through an electronic announcement posted to the IFAP Web site. Schools should monitor the IFAP Web site for this guidance.
If you have questions about this announcement, contact the COD School Relations Center 800/848-0978 for Direct Loans. You may also e-mail CODSupport@ed.gov.