Entering CommonLine Promissory Note Data


Concept


Steps:

  1. Begin by navigating to the CommonLine PNote - Stafford page.

     

    Click the Financial Aid link.

    Step 1
  2. Click the Loans link.

    Step 2
  3. Click the Commonline Management link.

    Step 3
  4. Click the Enter Stafford Prom Notes link.

    Step 4
  5. Enter the desired information into the ID field. Enter

     a valid value
     e.g.
     "FA0711"
    .

    Step 5
  6. Click the Search button.

    Step 6
  7. Use the CommonLine PNote - Stafford page to enter promissory note information prior to origination of the loan. If the promissory note is present for the loan when you run origination, the system uses the lender and guarantor OPEID to determine the appropriate loan destination.

    Step 7
  8. The Loan Type Code field indicates the appropriate Stafford loan types that your institution has set up on the Loan Type Table page.

     

    Click in the Loan Type Code field.

    Step 8
  9. Enter the desired information into the Loan Type Code field. Enter

     a valid value
     e.g.
     "FFEL"
    .

    Step 9
  10. The Lender OPEID field indicates the lender requested by the borrower on the promissory note.

     

    Click in the Lender OPEID field.

    Step 10
  11. Enter the desired information into the Lender OPEID field. Enter

     a valid value
     e.g.
     "800720"
    .

    Step 11
  12. The Guarantor OPEID field indicates the guarantor requested by the borrower on the promissory note.

     

    Click in the Guarantor OPEID field.

    Step 12
  13. Enter the desired information into the Guarantor OPEID field. Enter

     a valid value
     e.g.
     "800"
    .

    Step 13
  14. Click the Capitalize Interest list.

    Step 14
  15. Click the Capitalize while in school list item.

    Step 15
  16. Click the References Complete list.

    Step 16
  17. Click the Yes list item.

    Step 17
  18. Click the Borrower Signature option.

    Step 18
  19. Click in the Lender Branch ID field.

    Step 19
  20. Enter the desired information into the Lender Branch ID field. Enter

     a valid value
     e.g.
     "0000"
    .

    Step 20
  21. Click in the Signature Date field.

    Step 21
  22. Enter the desired information into the Signature Date field. Enter

     a valid value
     e.g.
     "01/12/2007"
    .

    Step 22
  23. Click the Student Data link.

    Step 23
  24. Use the Origination Detail page to view the student's current biographical and demographic data.

    Step 24
  25. Click the Return link.

    Step 25
  26. Click the PNote Status link.

    Step 26
  27. Use the Loan Pnote Action Status page to view or update loan promissory note action status.

    Step 27
  28. The system sets the Loan Action Cd field value automatically as the promissory note is processed, but you can override it. Select from:

     

    E: Select this value after you receive the promissory note. This value is automatically set when the promissory note is first entered.

     

    I: Select this value when the promissory note is set to inactive. Set this value manually to cancel the use of the promissory note.

     

    O: Select this value when the promissory note is used for origination. This value is automatically set when the promissory note is originated.

    Step 28
  29. Click the OK button.

    Step 29
  30. Click the Save button.

    Step 30

You have successfully entered CommonLine promissory note data.

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