Reference: Alternative Loan Statuses

Workday uses alternative loan statuses to drive the processing of alternative loans. These statuses also provide you with greater visibility into alternative loan applications, helping you to know:

Where they are in the certification process.
When you should launch integrations to transmit information to your loan servicer.

Statuses also determine the actions that you can perform on an alternative loan application. In certain statuses, some actions aren't available in order to help keep information in sync with the loan servicer. Example: Once an alternative loan application has a status of

Certification Transmitted

, you can no longer edit it. You must correct it instead.

Status	Description	Actions
Accepted	Workday received a disbursement roster from the loan servicer that includes the student. Workday releases any ready anticipated disbursements to the student on the next run of the Disburse Payments job.	Change Academic Periods for Award Initiate Change
Awaiting Disbursement Roster	The loan servicer sent a response file using the Alternative Loan Application Send Response integration. Workday waits for the loan servicer to include the student on the disbursement roster. Workday doesn't disburse any anticipated disbursements of the alternative loan until the student is on the disbursement roster.	Change Academic Periods for Award Initiate Change
Canceled	You canceled the loan application and the loan servicer acknowledged the change. You can initiate a change to reinstate the loan. When a student's alternative loan application status is Canceled , Workday removes the alternative loan from the student's Total Financial Assistance (TFA) report unless it's already been disbursed. If the loan has already been disbursed, then the loan remains on the student's TFA report and you must zero it out and create a manual refund.	Change Academic Periods for Award Initiate Change
Certified: Ready to Transmit	You certified the alternative loan application. Workday adds the alternative loan to the student's financial aid package and links it to their application.	Certify Change Academic Period for Award Edit
Certification: Transmitted	You sent the certified alternative loan application to the loan servicer using the Alternative Loan Application Send Outbound integration.	Create Manual Response Correct Transmitted Loan Application
Change: Ready to Transmit	You have alternative loan application changes that are ready to transmit to the loan servicer using the Alternative Loan Application Change Send Outbound integration.	Change Academic Periods for Award Initiate Change
Change: Transmitted	You transmitted the alternative loan application changes and Workday is waiting for a response file from the servicer.	Create Manual Response Correct Transmitted Loan Application
Lender Cancelled	Workday assigns this status when: The loan servicer sends a response file wherein alternative loan applications have T (Terminated) or D (Denied) record status codes and you use the Alternative Loan Application Send Response Inbound integration to load the applications into Workday before the lender disburses the loan applications. You update the Application/Loan Phase Code field to Terminated , using the Create Manual Response task. We recommend that you use this option with caution and only when you are absolutely sure that you want to update the loan status of an application to Lender Cancelled .
Ready to Certify	The alternative loan application awaits certification in Workday.	Certify Edit
Will Not Certify	You don't plan to certify the alternative loan application. Workday doesn't transmit any files or data to your loan servicer.	Certify Edit