Commonline Loan Validation Error FAEDPER01, 'Loan Per gt 1 Yr' (Doc ID 2871084.1)

Last updated on JANUARY 25, 2024

Applies to:

Symptoms

When attempting to validate Commonline loans - such as  Private or College Access Loans - some or all loans all fail validation. On the Loan Validation tab of the Maintain Originated Loans component, the edit displayed is FAEDPER01, with the description 'Loan Per gt 1 Yr'.

The loans are expected to pass validation, as it's believed the regulation which originally limited the loan period to a year or less has expired or can be bypassed.

The issue can be reproduced at will with the following steps:

1. Navigate to Financial Aid > Loans > CommonLine Management > Validate CRC Loans or Financial Aid > Loans > CommonLine Management > Validate CL 4 Loans and run the loan validation process. CRC loans can also be validated individually on Financial Aid > Loans > CommonLine Management > Maintain Originated Loans > Loan Validation.
2. On Financial Aid > Loans > CommonLine Management > Maintain Originated Loans > Loan Validation, note the row for the edit FAEDPER01.

Cause

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