Direct Loan Assessment
1. How many adjustments can you make to an Actual Disbursement Date?
a)
One per disbursement
b)
No more than 2
c)
10
d)
As many as you need
2. Which of the following does NOT belong? A loan is booked when COD has an accepted:
a)
MPN
b)
Full origination record
c) School Code
d) First disbursement record
3. When importing loan data from Packaging to Direct Loan, the loan will probably not be ready to originate.
a) True
b) False
4. Which file tells you if your COD Common Record records have been accepted, rejected, or skipped?
a)
Batch Acknowledgement
b)
COD Common Record
c)
Receipt
d)
Response
5. This ID uniquely identifies the paper promissory note manifest on which the record is located.
a)
MPN ID
b)
Loan ID
c)
Print Ind.
d)
Manifest Document ID
6. To be included on the printed manifest loan records must have an MPN Status of:
a) M
b) N
c) P
d) S
7. The loan ID is 154999793S05G99999001. Is the loan Unsubsidized, Subsidized, or PLUS?
a) Subsidized
b) Unsubsidized
c) PLUS
8. For schools using multi-year functionality, an open MPN is limited for use at a specific school.
a) True
b) False
9. A change in the grade level does not affect the student's loan record and does not require you to modify the loan record.
a) True
b) False
10. When printing multiple MPNs EDExpress looks for loans that have an MPN Status of:
a) P
b) R
c) T
d) X
