ELM Resources
[+]Using ELMSelect

[+]Getting Started

[+]Accessing Student Loan Borrower Information

[+]Changing Loans and Disbursements

[+]Understanding Certification Requests

[+]Creating a New Loan Application

[+]Working with Hold and Release

[+]Sending and Receiving Files

[+]Working with Reject Files

[+]Understanding ELMNet File Processing

[+]Working with the ELM NDN

[+]Working with Reports

[+]Administrative Functions

[+]Using Online Resources

[+]November 2006 Enhancements

 

Training Modules

These training modules focus on specific ELMNet tasks or system enhancements, and are designed to be completed within a few minutes. The interactive features makes this a useful learning tool for you and your staff.

Choose a module to review (most take 2-5 minutes), then take the self-test module to see how well you have mastered the information.

The modules are in a Flash format, so you must have Flash Player software on your computer. If you do not currently have Flash Player, you may download the software free at www.macromedia.com. (If you are not sure if you already have the Flash Player installed on your computer, just click on the hyperlink for any of the tutorials. You will be prompted to install it, if it is not already installed.)

Upon completion of a training module close the new window/tab or click the back button twice to return to the School Training index page.


Using ELMSelect

Using ELMSelect
This module gives you an introduction to ELMSelect the online lender-comparison resource.


Getting Started

Logging in to ELMWeb
This module shows you how to use the ELMWeb interface to log in to the ELMNet system.

Using the Function Selection Menu
This module shows you what functions are available through the Function Selection menu. The Function Selection menu is the main menu used to access school loan functions.

Accessing Student Loan Borrower Information

Creating a Student Loan Borrower Login
ELMNet provides student loan borrowers with access to their loan records as a service to ELMNet schools. This module shows how a student can request a User ID and password to see their student loans.

Logging in as a Student Loan Borrower
This module shows how a student can login to see their student loans.

Changing Loans and Disbursements

These modules take you step-by-step through making changes to loans and their associated disbursements.

Viewing Loan Details
This feature provides you with details about the loan, including the requested and approved amounts.

Increasing a Loan
This feature allows you to increase the loan amount for a selected loan.
Decreasing a Cash Loan
This feature allows you to decrease a loan by changing one or more disbursements. This option allows you to cancel all or part of a disbursement after a release of funds from the lender.
Decreasing a Non-Cash Loan
This feature allows you to decrease a loan by changing one or more disbursements. This option allows you to cancel all or part of a disbursement any time before a release of funds from the lender.
Reallocating a Loan
This feature allows you to reallocate loan amounts for Combo loans.
Cancelling a Loan
This feature allows you to cancel a loan that is in a pre-disbursement status.
Changing a Loan Period
This feature allows you to change the loan period for a previously certified loan.
Changing Demographic or Certification Information for a Loan
This function allows you to change demographic or certification information on loans that are in any status except Loan Cancelled. Demographic information is a student or borrowers personal information, such as an address, telephone number, drivers license number, or date of birth.
Adding a Disbursement
This function allows you to add an additional disbursement for a loan, when the loan status is Disbursement Scheduled or Partially Disbursed, and the guarantee date is not blank.
Cash Cancellation of a Disbursement
This feature allows you to request a full or partial cancellation of a disbursement. This is a cancellation of a disbursement after the release of funds from the lender.
Non-Cash Cancellation of a Disbursement
This feature allows you to request a full or partial cancellation of a disbursement. This is a cancellation of a disbursement prior to the release of funds from the lender.
Reinstating a Disbursement
This feature allows you to reinstate a cancelled disbursement.
Reinstating a Loan
This feature allows you to reinstate a loan, when the loan has been cancelled or withdrawn.
Reprinting a Promissory Note
This feature allows you to send a request to the lender to reprint a promissory note for a loan.
Changing a Disbursement
This function allows you to change one or more disbursements for a selected loan. You can change the amount, distribution date, and hold/release status for any disbursement.
Viewing Loan History
All changes to a loan are recorded in Loan History. This feature can be helpful when troubleshooting a problem with a loan record.
Comó Ver la Historia del Préstamo (Viewing Loan History)
La página Loan History demuestro los cambios a los préstamos hechos por el prestamista, recaudador, garante o la escuela..
Viewing a Borrower's Application
This feature allows you to view and print an existing loan application and promissory note.
Cloning an Application
This feature allows you to copy information from an existing loan to any new type of loan.
Reviewing a Transmission
This feature allows you to view the initial file transmission associated with a loan.
Creating and Viewing Loan Comments
This feature allows you to create and view comments for a loan.
Working with Multiple Default Sets
This feature allows you to create multiple default sets for different loan periods, disbursement dates and codes. These modules show you how to create, edit and use your default sets.
Understanding the Fees Percentage
The Fees Percentage field is used to ensure accurate cancellation and return of funds. This module explains how the fees percentage is calculated.

Understanding Certification Requests

Viewing Certification Requests
This feature allows you to view or print a list of pending certification requests from a lender.

Completing a Certification Request
This feature allows you to certify loan records resulting from requests from a lender. Certification requests are requests from a lender to a school to confirm a students eligibility for a loan.

Deleting and Rejecting Certification Requests
This feature allows you to select a loan record from a list of pending certification requests, and either delete or reject the certification request.

Creating a New Loan Application

Creating a New Loan Application
The Request Application function allows you to manually create a new Stafford, PLUS, Grad PLUS or Alternative loan application on ELMWeb.
Understanding the Promissory Note Delivery Method
This feature allows you to select Print, Web or E-mail as the promissory note delivery method.

Working with Hold and Release

Using Select All
The new Select All feature allows you to select all disbursements for a loan when you are making changes to the hold/release status of a disbursement.
Using Hold and Release Processing
This function allows you to control the disbursement of funds by changing the hold or release status of a disbursement on a loan.

Sending and Receiving Files

Sending Files
This module shows you how to electronically send files to ELMNet.
Receiving Files
This module shows you how to electronically retrieve files from your ELMNet mailbox.
Viewing a List of Sent Files
This function allows you to view files sent to ELMNet that have not yet been processed by ELMNet. This allows you to see if you have transmitted a file.
Listing Recently Downloaded Files
The new Listing Recently Downloaded Files feature allows you to list and re-extract files, reports and disbursement rosters that have been downloaded in the past seven days. This timesaving feature allows you to retrieve the files without having to call the ELM Help Desk.
Downloading ELM Automatic Mailbox
ELM Automatic Mailbox (EAM) is a free program that allows you to securely transmit multiple files to and from ELMNet on your Windows desktop. This module shows you how to download the EAM program.
Setting Up ELM Automatic Mailbox
This module shows you how to set up ELM Automatic Mailbox (EAM), and specify the types of files you want to send and receive.
Using ELM Automatic Mailbox
This module shows you how to use ELM Automatic Mailbox (EAM) to transmit multiple files to and from ELMNet.
Checking the ELM Automatic Mailbox Log File
This module shows you how to check the ELM Automatic Mailbox (EAM) log file.

Working with Reject Files

Viewing ELM Reject Files
This function allows you to view and correct records that have failed validation tests on ELMNet.
Creating an ELM Reject File Report
This function allows you to create a report of error records that were rejected by ELMNet. Creating the report will help you identify fields with errors.
Viewing Guarantor Reject Files
This function allows you to view and correct records that were rejected by the guarantor.
Creating a Guarantor Reject File Report
This function allows you to create a report of error records that were rejected by the guarantor. Creating the report will help you identify fields with errors.

Working with ISIR Records

Viewing ISIR Files
This function allows you to complete and certify ISIR files. An ISIR file is a formatted electronic record of federal student loan application data from the FAFSA (Free Application for Federal Student Aid).

Understanding ELMNet File Processing

Understanding Lender Flow
This module shows you how the lender flow process works in ELMNet.
Understanding Guarantor Flow
This module shows you how the guarantor flow process works in ELMNet.

Working with the ELM NDN

Understanding the ELM NDN Process Flow
This module shows you how the ELM NDN (National Disbursement Network) processes funds.
Understanding the ELM NDN Disbursement Roster
This module shows you how to understand the disbursement roster (register). The ELM NDN disbursement roster notifies you of successfully disbursed loans for all lenders, for the date the report is generated.
Returning Funds
You can return funds to the ELM NDN by using ELMWeb, by batch file from your school information system, or by using the ELM NDN Notice of Returned Funds form. These modules show you how to return funds using each of these methods.

Working with Reports

Understanding an R27 Report
This module explains the R27 Failed Change Transactions Report.
Understanding an R50 Report
This module explains the R50 Loans Approved/Pending/Denied by Guarantor Report.
Understanding an R61 Report
This module explains the R61 Daily School File Reconciliation Report.

Administrative Functions

Changing Your Password
This module shows you how to change your password and select a security question.
Forgetting Your Password
This module takes you step-by-step through what to do when you forget your password. The module includes requesting a new one-time-use-only password, pasting it into the password field, and setting a new password.
Working with System Timeouts
ELMNet times out after fifteen minutes of inactivity. This module shows you how to extend a session.
Setting File Associations
This module shows you how to create file associations. A file associations is an association between a file extension and a software program. When you save an ELMNet file, and want to open it, you need a file assocation.


Modules for Security Contacts
If you are the Security Contact for ELMNet at your school, then these modules will help you submit profile requests to create user accounts, change user information and modify permissions, and deactivate user accounts.

Setting Up a New User
This module shows you how to create a profile request for a new user account in ELMNet.

Changing a User Account
This function allows you to change a user's name, telephone number, fax number, e-mail address, and access permissions.
Deactivating a User Account
This function allows you to deactivate the account of a user who no longer needs access to ELMNet.

Using Online Resources

Using Online Resources
This module shows you some of the resources that are available on the ELM Resources webpage to help you use ELMNet more effectively.

Checking ELMNet Production Status
This feature allows you to check online and see if ELMNet is experiencing any system delays.
Signing up for a Client Workshop
This module shows you how to sign up online for ELMs weekly Client Workshops, which provide in-depth training on ELMNet.

November 2006 Enhancements

These modules show you the new features added to the ELMNet system in November 2006.

Deleting Guarantor Reject Records
This module shows you how to select and delete guarantor reject records individually or in batch in the Reject Files function.

Deleting ISIR Records
This module shows you how to select and delete ISIR records individually or in batch in the Reject Files function.
Sorting Hold/Release Records by Grade Level
This module shows you how to sort by grade level, disbursement date and grade level, or grade level and last name in the Hold/Release Processing function.

 

Working with Report Selection and View Reports

Report Selection - Creating an On-Demand Report.
This module allows you to see how to create a report in Report Selection.
Report Selection - Viewing an On-Demand Report.
This module allows you to see how to create a report in Report Selection.
Exporting Reports to Excel
The report export feature allows you to export an ELMNet report to a Microsoft Excel spreadsheet, so that the report can be sorted and formatted for your school's needs.
Report Selection - Creating an R01 Report
This module shows you how to create an R01 report in Report Selection. The R01 Pending Disbursements Summary Report is a summary of all approved disbursements scheduled for a requested date range.
Report Selection - Creating an R02 Report
This module shows you how to create an R02 report in Report Selection. The R02 Pending Disbursements Detail Report provides details of all approved disbursements.
Report Selection - Creating an R03 Report
This module shows you how to create an R03 report in Report Selection. An R03 ELM Status Summary Report is a summary of loan statuses for all of the borrowers in your database.
Report Selection - Creating an R04 Report
This module shows you how to create an R04 report in Report Selection. An R04 ELM Status Detail Report provides loan statuses for all of the borrowers in your database.
Report Selection - Creating an R07 Report
This module shows you how to create an R07 report in Report Selection. An R07 report is a statistical summary of all records passing through ELMNet for your school.
Report Selection - Creating an R08 Report
This module shows you how to create an R08 report in Report Selection. An R08 report shows, by record type, all records passing through ELMNet for your school.
Report Selection - Creating an R09 Report
This module shows you how to create an R09 report in Report Selection. An R09 report lists all loans that have been guaranteed through ELM lenders, sorted by lender.