Maricopa Community Colleges  CSI230   20042-20086 
Official Course Description: MCCCD Approval: 07/22/08
CSI230 20042-20086 L+L 3 Credit(s) 4 Period(s)
Student Loan Acquisition
Student loan debt acquisition procedures. Emphasis on the identification of eligibility for and performance of student loan consolidation. Covers reference instrument and loan database usage as well as payoff letter transmittal. Includes quality control and daily receipt reconciliation information.
Prerequisites: None.
Go to Competencies    Go to Outline
 
MCCCD Official Course Competencies:
 
CSI230   20042-20086 Student Loan Acquisition
1. Identify consolidation eligible student loans. (I)
2. Trace the loan consolidation process. (II)
3. Navigate within a loan consolidation database. (III)
4. Process non-defaulted loan consolidation applications. (IV)
5. Use reference instruments to verify loan processing operation information. (V)
6. Arrange for expedited payoff letter transmittal. (VI)
7. Perform quality control operations in a review of daily shift activities. (VII)
8. Reconcile daily trustee request letter dollar totals with daily recorded dollar totals. (VIII)
9. Schedule the delivery of payoff letters by means of the internet. (IX)
Go to Description    Go to top of Competencies
 
MCCCD Official Course Outline:
 
CSI230   20042-20086 Student Loan Acquisition
    I. Consolidation Eligibility
        A. Loan Type
        B. Current Loan Status
      II. Consolidation Process
          A. Application Concerns
            1. Single Lender Rule
            2. Default Consolidation Issues
            3. Fee Considerations
          B. Loan Verification Certificates
          C. Consolidation Restrictions
            1. Consolidation Loan Length
            2. Deferment Eligibility
            3. First Payment Due Concerns
        III. Database Navigation
            A. Borrower Demographics
            B. Loan Information
            C. Account Summary Information
          IV. Non-Default Loan Application Processing Considerations
              A. Application Receipt
              B. Information Entry
              C. Loan Information Change Documentation
              D. Loan Verification Requests
                1. Transmittal
                2. Receipt
              E. Application Rejection
            V. Reference Instrument Usage
                A. Loan Agency Contact List
                  1. Locative Issues
                  2. Information Verification
                  3. List Information Alteration
                B. Loan Application Guideline Matrix
                  1. Matrix Information
                  2. Loan Verification Certificate Considerations
                  3. Matrix Update Procedures
              VI. Expedited Payoff Letter Transmittal
                  A. Computer Field Location
                  B. Information Entry
                  C. Label Creation
                  D. Provision Procedures
                VII. Quality Control Operations
                    A. Report Generation
                    B. Sale Review
                      1. Sale Entry
                      2. Sale Duplication Review
                    C. False Assignation Correction
                    D. Report Distribution
                  VIII. Dollar Total Reconciliation
                      A. Letter Dollar Amount Summation Procedures
                      B. Sales Realization Amount Summation
                      C. Verification Concerns
                      D. Reporting Procedures
                        1. Report Generation
                        2. Report Distribution
                    IX. Internet Payoff Letter Transmittal
                        A. Report Location
                        B. Letter Creation
                        C. Information Transmittal
                    Go to Description    Go to top of Competencies    Go to top of Outline