OpenNet File Management System Adjusts Application-Send File Edits

Recently implemented edits to the File Management System of the OpenNet loan-delivery system are being adjusted in response to customer needs. The edits are related to CommonLine 4 and 5 Application-Send files for all OpenNet FMS customers that subscribe to the standard FMS edits.

USA Funds^®' guarantor-servicer, Sallie Mae, removed edits that automatically provided for the alerts. Beginning Dec. 9, 2004, however, the following edits will be available for schools upon request:

• Grade level 1 and combined loan amount is greater than $2,625 for combined Federal Stafford loans.
• Grade level 2 and combined loan amount is greater than $3,500 for combined Federal Stafford loans.
• Grade level 3, 4 or 5 and combined loan amount is greater than $5,500 for combined Federal Stafford loans.
• Grade level A-D and combined loan amount is greater than $18,500 for combined Federal Stafford loans.
• Borrower is less than 16 years old for any loan.
• For PLUS loans, the borrower's age is less than or equal to the student's age.
• Only one disbursement date exists.

Schools that want some or all of these edits can subscribe to them by contacting their USA Funds Services representatives.