Amount of Outstanding Principal Balance

Document Sample
Amount of Outstanding Principal Balance Powered By Docstoc
					GA Data Provider Instructions                              Appendix B: GA Coding Tables


                             Table B–2: Claim Reason Codes
   Code                                      Description
    BC      Bankruptcy, Chapter 13
    BO      Bankruptcy, Other
    CS      Closed School
    DE      Death
    DF      Default
    DI      Disability
    EX      Exempt
    FC      False Certification
    ID      Identity Theft
 Date Revised       04-21-2008




   June 1, 2005                                                          Version 4.1
                                       B-3
GA Data Provider Instructions                                                     Appendix B: GA Coding Tables


                                  Table B–10: Loan Status Codes
 Code          Status                 Definition               Report this Date in Date         Open/Closed Balance
                                                                of Loan Status Field               Requirements
FC       False             Loan approved for                  Report the date the loan         CLOSED
         Certification     discharge due to a false           discharge was approved.          STUDENT ELIGIBLE
         Discharge         certification determination.       For a loan that was previously   Amount of Outstanding
                           Identifies a loan for which a      reported as closed for other     Principal Balance, Amount
                           discharge application has          reasons, report the date the     of Outstanding Accrued
                           been received, and the loan        loan discharge was approved.     Interest Balance, and
                           discharge has been                 For a loan with an additional    Amount of Ending Balance
                           approved due to false              financial transaction pending,   on Claims of Other Fees
                           certification. Includes:           report the date the financial    must be zero.
                            A loan where 100% of             transaction occurred resulting
                               the loan, plus interest        in the loan being closed.
                               paid by the student, is        For a loan in which a
                               discharged                     supplemental claim is
                            A loan where part of the         processed, report the date the
                               loan is paid under a           supplemental claim was paid.
                               discharge but part is
                               paid for other reasons
                                 A loan previously
                                  closed and
                                  subsequently eligible
                                  for a false certification
                                  discharge
FR       Fraud             A loan which the borrower          Report the date the data         OPEN
                           was convicted of fraud.            provider became aware of the     STUDENT INELIGIBLE
                                                              fraud conviction.                There may be a positive
                                                                                               balance in the sum of
                                                                                               Amount of Outstanding
                                                                                               Principal Balance, Amount
                                                                                               of Outstanding Accrued
                                                                                               Interest Balance, and
                                                                                               Amount of Ending Balance
                                                                                               on Claims of Other Fees.
FX       Fraud,            A loan for which the               Report the date when the loan    CLOSED
         Satisfied         guaranty agency paid a             was paid in full. The Date of    STUDENT ELIGIBLE
                           claim to the lender, and the       Outstanding Principal Balance
                                                                                               Amount of Outstanding
                           borrower has repaid the            equals the Date of Loan
                                                                                               Principal Balance, Amount
                           guaranty agency the entire         Status.
                                                                                               of Outstanding Accrued
                           amount due (including any
                                                                                               Interest Balance, and
                           accrued interest, fees, or
                                                                                               Amount of Ending Balance
                           other charges).
                                                                                               on Claims of Other Fees
                                                                                               must be zero.
Date Revised         04-21-2008




     June 1, 2005                                                                                     Version 4.1
                                                       B-77
GA Data Provider Instructions                                                 Appendix B: GA Coding Tables


                                 Table B–10: Loan Status Codes
 Code          Status             Definition               Report this Date in Date        Open/Closed Balance
                                                            of Loan Status Field              Requirements
PM       Presumed         Non-consolidation loan          Report the day that is 12 years CLOSED
         paid-in-full     records in a non-claim          from the Date Entered           STUDENT ELIGIBLE
                          status with a date entered      Repayment.                      Amount of Outstanding
                          repayment of 12 years or                                        Principal Balance and
                          more and balance                For Consolidation Loans,        Amount of Outstanding
                          information has not been        report the day that is at least Accrued Interest Balance
                          updated in 4 or more years.     12 years and no more than 17 must be zero.
                          Consolidation Loans in a        years from Date Entered
                          non-claim status with a date    Repayment.
                          entered repayment of 12 to
                          17 or more years and the
                          balance information has not
                          been updated for 4 or more
                          years
                          This includes loans where
                          the 12- and 4-year, and 12–
                          17- and 4-year requirements
                          are met and one of the
                          following:
                           A loan holder cannot be
                               determined (e.g., loans
                               purchased by RTC,
                               FDIC, or other party
                               for which the lender is
                               not known)
                           A loan holder is known
                               but refuses to provide
                               status and balance
                               information
PN       Paid in Full     A non-defaulted loan paid       Report the date the loan was    CLOSED
         Through          in full as a result of the      paid in full. The Date of       STUDENT ELIGIBLE
         Consolidation    borrower obtaining a            Outstanding Principal Balance   Amount of Outstanding
         Loan             Consolidation Loan.             equals the Date of Loan         Principal Balance and
                          Note: Report a Defaulted        Status.                         Amount of Outstanding
                          loan paid in full through                                       Accrued Interest Balance
                          consolidation with a DN                                         must be zero.
                          code.
PZ       PLUS Child       A PLUS loan for which the       Report the date the child of    CLOSED
         Death            guaranty agency has paid a      the borrower died.              PARENT ELIGIBLE
                          death claim to the lender       If the date the child of the    Amount of Outstanding
                          due to the death of the child   borrower died is unknown,       Principal Balance and
                          of the PLUS Borrower.           report the date the guaranty    Amount of Outstanding
                                                          agency became aware of the      Accrued Interest Balance
                                                          child’s death.                  must be zero.
Date Revised        04-21-2008




     June 1, 2005                                                                                 Version 4.1
                                                  B-81