Table 1–1
Loan Status Codes
Code Status Definition
AL Abandoned Loans in a non-claim status
loan with a date entered
repayment of less than
twelve years and balance
information that has not
been updated in four or
more years.
The status includes loans
where the 12- 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), or
• A loan holder is known,
but refuses to provide
status and balance
information on a loan
Status should be updated if
the loan is “found,” paid by
borrower, or discharged to
reestablish the borrower’s
eligibility.
Note: The loan should be
updated to a PM status after
12 years of repayment has
elapsed.
BC Bankruptcy A non-defaulted loan for
Claim, which a bankruptcy claim
Discharged was paid to the lender and
which was discharged by a
bankruptcy court.
Report this Date in Date
of Loan Status Field
Report either the date the
status applies, that is, the date
the GA determined the loan
holder cannot be found, the
date the GA learns that the
loan holder refuses to provide
status and balance
information, or the date the 12-
year and 4-year requirements
are met.
Date of Outstanding Principal
Balance should be the date
the balance was actually
reported; if no OPB has been
reported then report the last
disbursement date as the date
of Outstanding Principal
Balance.
Report the date the
bankruptcy claim was paid to
the lender. The Date of
Outstanding Principal Balance
equals the Date of Loan Status
and the Date Claim Paid.
5
Open/Closed Balance
Requirements
OPEN
STUDENT INELIGIBLE
The lessor of the Amount
of Outstanding Principal
Balance last reported by
the loan holder or the
original Principal Balance.
Report Amount of
Outstanding Principal
Balance in the following
preferential order:
1) Last reported
outstanding principal
balance, if available
2) Total amount
Disbursed
3) Net Guaranty
(Guaranty Amount
minus Total
Cancellations)
CLOSED
STUDENT ELIGIBLE
Amount of Outstanding
Principal Balance,
Amount of Outstanding
Accrued Interest Balance,
and Amount of Ending
Balance on Claims of
Other Fees must be zero.
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

BK Bankruptcy A non-defaulted loan for Report the date the OPEN

Claim, Active which a bankruptcy claim bankruptcy claim was paid to
STUDENT ELIGIBLE
was paid to the lender and the lender. The Date of Loan
which has not been Status equals the Date Claim There must be a positive
discharged by a bankruptcy Paid. balance in the sum of
court. Amount of Outstanding
Principal Balance,
Amount of Outstanding
Accrued Interest Balance,
and Amount of Ending
Balance on Claims of
Other Fees.
CA Canceled A loan for which one or Report the date the loan was CLOSED
more of the following fully cancelled (the most
STUDENT ELIGIBLE
conditions exist: recent Date of Cancellation).
For loans discharged due to Amount of Outstanding
1) None of the loan’s
an Unpaid Refund Discharge, Principal Balance,
proceeds were ever
report the date of discharge. Amount of Outstanding
disbursed to the
The Date of Loan Status Accrued Interest Balance,
student
equals the Date of and Amount of
2) None of the lender’s Cancellation. Disbursement must be
checks were ever zero.
cashed
3) All of the lender’s
checks remained
uncashed 120 days
after disbursement
4) All of the loan proceeds
in an escrow account
remain undisbursed for
more than 120 days
after being transferred
to the account
5) The disbursed amount
is repaid in full within
120 days of
disbursement and no
further disbursements
were made.
6) The loan was fully
discharged due to an
unpaid Refund
Discharge

6
 Table 1–1
Loan Status Codes
Code Status Definition
CS Closed School A loan approved for
Discharge discharge due to a closed
school determination.
Identifies a loan for which a
discharge application has
been received and the loan
discharge has been
approved due to a closed
school. Includes:
• A loan for which 100%
of the loan, plus interest
paid by the student, is
discharged
• A loan where part of the
loan is paid under a
discharge, but part has
been paid for other
reasons
• A loan previously
closed and
subsequently eligible for
a closed school
discharge
Report this Date in Date Open/Closed Balance
of Loan Status Field Requirements
Report the date the loan CLOSED
discharge was approved. STUDENT ELIGIBLE
For a loan that was previously
Amount of Outstanding
reported as closed for other
Principal Balance,
reasons, report the date the
Amount of Outstanding
loan discharge was approved.
Accrued Interest Balance,
For a loan with an additional and Amount of Ending
financial transaction pending, Balance on Claims of
report the date the financial Other Fees must be zero.
transaction occurred resulting
in the loan being closed.
For a loan in which a
supplemental claim is
processed, report the date the
supplemental claim was paid.
7
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

DA Deferred A loan for which the lender Report the same date found in OPEN
has granted the Date Deferment Starts. The
STUDENT ELIGIBLE
postponement of periodic Date of Loan Status equals the
installment payments of Date Deferment Starts. There must be a positive
principal because the balance in the sum of
For SLS loans still in initial in-
borrower meets the Amount of Outstanding
school deferment period, this
eligibility requirements Principal Balance, and
is the day of the final
specified in regulations. Amount of Outstanding
disbursement on the loan.
Accrued Interest Balance.
Note: Before a DA code can
be used, the grace period
must have expired, and the
loan must have entered
repayment. If the student
continued or returned to
school before the grace
period expired, the loan is
reported in an IA status.
Also applies to an SLS loan
linked to a Stafford loan that
has not entered repayment,
or a non-linked SLS loan
where the borrower has
maintained continuous
enrollment since obtaining
the SLS loan.

8
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

DB Defaulted, A loan for which the
Then guaranty agency paid a
Bankrupt, default claim to the lender,
Active, the borrower subsequently
Chapter 13 declared Chapter 13
bankruptcy, and the loan
has not been discharged.
For bankruptcies on which the OPEN
guaranty agency is first
STUDENT INELIGIBLE
notified, by any means, of the
bankruptcy on or after July 1, There must be a positive
1995, report the date the notice balance in the sum of
of the first meeting of creditors Amount of Outstanding
was issued. Principal Balance,
Amount of Outstanding
For initial population and
Accrued Interest Balance,
through June 30, 1995, report
and Amount of Ending
one of the following dates, in
Balance on Claims of
this order of preference:
Other Fees.
1) The date the notice of the
first meeting of creditors
was issued;
2) The date bankruptcy
petition was filed;
3) The date of the first
meeting of creditors; or
4) The date the guaranty
agency received the
notice of the first meeting
of creditors.

9
 Table 1–1
Loan Status Codes
Code Status Definition
DC Defaulted, A loan for which the
Compromise guaranty agency has paid a
default claim to the lender,
agreed on a compromise
settlement with the
borrower, and the borrower
has satisfied the conditions
of the compromise.
DD Defaulted, A loan for which the
Then Died guaranty agency, after
paying a default claim to the
lender, terminated collection
activities due to the
borrower’s death.
Report this Date in Date Open/Closed Balance
of Loan Status Field Requirements
If the compromise occurred on CLOSED
or after July 1, 1995, report the
STUDENT ELIGIBLE
date the compromise was
satisfied. The Date of Amount of Outstanding
Outstanding Principal Balance Principal Balance,
equals the Date of Loan Status Amount of Outstanding
Accrued Interest Balance,
For initial population and
and Amount of Ending
through June 30, 1995, report
Balance on Claims of
one of the following dates, in
Other Fees must be zero.
this order of preference:
1) The date the guaranty
agency approved the
compromise;
2) The date the borrower
accepted the compromise;
3) The date the guaranty
agency terminated
collection due to
compromise; or
4) The date the compromise
was entered in the
guaranty agency’s
system.
If the death occurred on or CLOSED
after July 1, 1995, report the
STUDENT INELIGIBLE
date the borrower died.
Amount of Outstanding
The Date of Outstanding
Principal Balance,
Principal Balance equals the
Amount of Outstanding
Date of Loan Status .
Accrued Interest Balance,
For initial population and and Amount of Ending
through June 30, 1995, report Balance on Claims of
one of the following dates, in Other Fees must be zero.
this order of preference:
1) The date the borrower
died; or
2) The date the guaranty
agency terminated
collection due to the
borrower’s death.
10
 Table 1–1
Loan Status Codes
Code Status Definition
DE Death A loan for which the
guaranty agency has paid a
death claim to the lender.
Also, a loan for which a
guaranty agency paid a
bankruptcy claim to the
lender, and then the
borrower died.
DF Defaulted, A loan for which the
Unresolved guaranty agency has paid a
(was
default claim to the lender
DU)
and on which the guaranty
agency is pursuing
collection.
This includes defaults that
are being contested.
DF does not include any
loan on which a borrower
met the conditions for a XD
loan status, but
subsequently became
delinquent. Such loans are
reported in a DZ loan status.
This does NOT include
loans that are currently
referred to legal counsel for
litigation.
Report this Date in Date Open/Closed Balance
of Loan Status Field Requirements
If the death occurred on or CLOSED
after July 1, 1995, report the
STUDENT INELIGIBLE
date the borrower died.
Amount of Outstanding
If the date the borrower died is
Principal Balance,
unknown, report the date the
Amount of Outstanding
guaranty agency became
Accrued Interest Balance,
aware of the borrower’s death.
and Amount of Ending
For initial population and Balance on Claims of
through June 30, 1995, report Other Fees must be zero.
one of the following dates, in
this order of preference:
1) The date the borrower
died; or
2) The date the guaranty
agency paid the death
claim to the lender.
Report the date the guaranty OPEN
agency paid the default STUDENT INELIGIBLE
insurance claim to the lender.
There must be a positive
This date must be the same as
the Date Claim Paid to Lender. balance in the sum of
Amount of Outstanding
Each time the loan returns to
Principal Balance,
an unresolved status after
Amount of Outstanding
having been in another status
Accrued Interest Balance,
(e.g., DL, DT), enter the day
and Amount of Ending
after the previous status
Balance on Claims of
ended.
Other Fees.
For a defaulted Loan that
subsequently entered a
bankruptcy status that was
either dismissed or the student
loan was not discharged, enter
the date of the dismissal or
denial of discharge .
11
 Table 1–1
Loan Status Codes
Code Status Definition
DI Disability A loan for which the
guaranty agency has paid a dates:
disability claim to the lender.
Also, a loan for which a
guaranty agency paid a
bankruptcy claim to the
lender, and then the
borrower was certified for a
total and permanent
disability.
DK Defaulted, A loan for which the
Then guaranty agency paid a
Bankrupt, default claim to the lender,
Discharged, the borrower subsequently
Chapter 13 declared Chapter 13
bankruptcy, and the loan
has been discharged.
Report this Date in Date Open/Closed Balance
of Loan Status Field Requirements
Report either of the following CLOSED
STUDENT ELIGIBLE
1) The date the guaranty
Amount of Outstanding
agency paid a disability
Principal Balance,
insurance claim to the
Amount of Outstanding
lender, or
Accrued Interest Balance,
2) The date the guaranty and Amount of Ending
agency decided to Balance on Claims of
terminate collection on Other Fees must be zero.
the loan because of the
borrower’s disability.
For bankruptcies on which the CLOSED
guaranty agency is first
STUDENT ELIGIBLE
notified, by any means, of the
bankruptcy on or after July 1, Amount of Outstanding
1995, report the date of the Principal Balance,
court order discharging the Amount of Outstanding
loan. Accrued Interest Balance,
and Amount of Ending
The date of Outstanding
Balance on Claims of
Principal Balance equals the
Other Fees must be zero.
Date of Loan Status .
For initial population and
through June 30, 1995, report
one of the following dates, in
this order of preference:
1) The date of the court
order discharging the
loan;
2) The date the guaranty
agency received the court
order discharging the
loan; or
3) The date the guaranty
agency determined that it
must terminate collection
activities due to the
discharge of the debt.
12
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

DL Defaulted, In A loan for which the
Litigation guaranty agency has paid a referred to legal counsel for
default claim to the lender
and referred the loan to legal
counsel for litigation.
DN Defaulted, Defaulted loans that are
then paid in paid in full by a
full by consolidation loan.
consolidation
Note: Report a non-
defaulted loan paid in full
through consolidation with
a PN code.
DO Defaulted, A loan for which the
Then guaranty agency paid a
Bankrupt, default claim to the lender,
Active, Other the borrower subsequently
declared bankruptcy (other
than Chapter 13), and the
loan has not been
discharged.
Report the date the loan was
litigation.
Report the date the loan was
paid in full.
For bankruptcies on which the
guaranty agency is first
notified by any means, of the
bankruptcy, on or after July 1,
1995, report the date the notice
of the first meeting of creditors
was issued.
For initial population and
through June 30, 1995, report
one of the following dates, in
this order of preference:
1) The date the notice of the
first meeting of creditors
was issued;
2) The date the borrower
filed the bankruptcy
petition;
3) The date of the first
meeting of creditors; or
4) The date the guaranty
agency received the
notice of the first meeting
of creditors.
OPEN
STUDENT INELIGIBLE
There must 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.
CLOSED
STUDENT ELIGIBLE
Amount of Outstanding
Principal Balance,
Amount of Outstanding
Accrued Interest Balance,
and Amount of Ending
Balance on Claims of
Other Fees must be zero.
OPEN
STUDENT INELIGIBLE
There must 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.

13
 Table 1–1
Loan Status Codes
Code Status Definition
DP Defaulted, A loan for which the
Paid in Full guaranty agency paid a
default claim to the lender,
and the borrower has either
repaid the guaranty agency
the entire amount due
(including any accrued
interest, fees, or other
charges) or the loan has an
outstanding balance of $25
or less and the guaranty
agency considers the loan
as paid in full.
Note: If a defaulted loan is
paid through loan
consolidation, report the
loan using the DN code.
DR Defaulted loan A loan which is no longer
included in a being serviced because it
rolled-up loan was combined with another
loan. For example, one loan
is subrogated to DCS, but
the loan is really a
combination of three loans.
In this example, report the
two loans not subrogated
with this code.
This code will be used to
clean up rolled-up loans
from the past. Data
providers are advised that
rolled-up loans are not
permitted. Loans must be
subrogated individually to
DCS in the same manner as
reported to NSLDS.
DS Defaulted, A loan for which the
Then Disabled guaranty agency paid a
default claim to the lender,
and then terminated
collection activities because
the borrower was certified
for total and permanent
disability.
Report this Date in Date
of Loan Status Field
Report the date when the loan
was paid in full. The Date of
Loan Status equals the The
Date of Outstanding Principal
Balance equals The Date of
Loan Status .
Report the date the loan was
rolled-up into another loan.
Report the date the guaranty
agency approved the
disability cancellation.
The Date of Outstanding
Principal Balance equals the
Date of Loan Status.
14
Open/Closed Balance
Requirements
CLOSED
STUDENT ELIGIBLE
Amount of Outstanding
Principal Balance,
Amount of Outstanding
Accrued Interest Balance,
and Amount of Ending
Balance on Claims of
Other Fees must be zero.
CLOSED
STUDENT ELIGIBLE
Amount of Outstanding
Principal Balance,
Amount of Outstanding
Accrued Interest Balance,
and Amo unt of Ending
Balance on Claims of
Other Fees must be zero.
CLOSED
STUDENT ELIGIBLE
Amount of Outstanding
Principal Balance,
Amount of Outstanding
Accrued Interest Balance,
and Amount of Ending
Balance on Claims of
Other Fees must be zero.
 Table 1–1
Loan Status Codes
Code Status Definition
DT Defaulted, A loan for which the
Collection guaranty agency has paid a agency decided to terminate
Terminated default claim to the lender
and has determined that it is
not reasonable to pursue
collection on the loan at the
present time and collection
activity has been
temporarily suspended.
DU Defaulted, A loan for which the
Unresolved guaranty agency has paid a
(See
default claim to the lender
also
and on which the guaranty
DF)
agency is pursuing
collection, but on which the
borrower has not made at
least six voluntary,
consecutive payments.
This includes defaults that
are being contested.
This also includes any loan
on which a borrower met the
conditions for a DX loan
status but subsequently
became delinquent.
This does NOT include
loans that are currently
referred to legal counsel for
litigation.
Report this Date in Date Open/Closed Balance
of Loan Status Field Requirements
Report the date the guaranty OPEN
STUDENT INELIGIBLE
collection on the loan.
There must 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.
The first time the loan enters OPEN
this status, report the date the
STUDENT INELIGIBLE
guaranty agency paid the
default insurance claim to the There must be a positive
lender. This date must be the balance in the sum of
same as the Date Claim Paid to Amount of Outstanding
Lender, when the reason for Principal Balance,
the claim is “Default”. Amount of Outstanding
Accrued Interest Balance,
Each time the loan returns to
and Amount of Ending
an unresolved status after
Balance on Claims of
having been in another status
Other Fees.
(e.g., DL, DT, DX), enter the
day after the previous status
ended.
For a defaulted loan that
subsequently entered a
bankruptcy status that was
either dismissed or the student
loan was not discharged, enter
the date of the dismissal or
denial of discharge.
Note: Refer to Table 1-2 for
Date of Loan Status
restrictions on when this code
can be used.
15
 Table 1–1
Loan Status Codes
Code Status Definition
DW Defaulted, A loan for which the
Write-Off guaranty agency has paid a
default claim to the lender,
for which there was a
balance due from the
borrower of more than $25,
and for which the guaranty
agency decided to
permanently terminate
collection activities in
accordance with agency
standards approved by ED.
DX Defaulted, Six A loan for which the
Consecutive guaranty agency has paid a
(See
Payments default claim to the lender,
also
on which the borrower has
XD)
subsequently made six
consecutive, voluntary,
reasonable, and affordable
payments, and for which no
subsequent payments are
currently overdue or
missing. A borrower is
entitled to this loan status
only once in the life of this
loan.
DZ Defaulted, six A loan that was in a XD
consecutive (formerly DX) status and the was due, but was not paid by
payments, borrower missed one or
then missed more payments or otherwise
payment(s) did not comply with the
repayment agreement. A
loan is eligible for XD
(formerly DX) status only
one time. Once a loan
becomes DZ, it remains in
this status until it is closed
or rehabilitated. If legal
action occurs, report the
loan in DL status.
Report this Date in Date
of Loan Status Field
Report the date the guaranty
agency approved the write-off.
Report the date the guaranty
agency received the sixth
consecutive, reasonable, and
affordable payment on the
defaulted loan.
Note: Refer to Table 1-2 for
Date of Loan Status
restrictions on when this code
can be used.
Report the date the payment
borrower.
16
Open/Closed Balance
Requirements
CLOSED
STUDENT INELIGIBLE
There must 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. These fields
should reflect amounts as
written off by the
guarantor.
OPEN
STUDENT ELIGIBLE
There must 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.
OPEN
STUDENT INELIGIBLE
There must 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.
 Table 1–1
Loan Status Codes
Code Status Definition
FB Forbearance A loan for which a lender Report the beginning date of
has granted the borrower a the forbearance period.
temporary cessation of
payments, has allowed the
borrower an extended period
for making payments, or is
temporarily accepting
smaller payments than were
previously scheduled.
FC False Loan approved for
Certification discharge due to a false
Discharge certification determination.
Identifies a loan for which a
discharge application has
been received, and the loan
discharge has been
approved due to false
certification. Includes:
• A loan where 100% of
the loan, plus interest
paid by the student, is
discharged
• A loan where part of the
loan is paid under a
discharge but part is
paid for other reasons
• A loan previously
closed and
subsequently eligible for
a false certification
discharge
IA Loan A loan that is guaranteed.
Originated IA also includes PLUS loans
not fully disbursed
A loan remains in an IA
status until it enters grace or who re-enroll, report the day
other appropriate code.
Report this Date in Date
of Loan Status Field
Report the date the loan
discharge was approved.
For a loan that was previously
reported as closed for other
reasons, report the date the
loan discharge was approved.
For a loan with an additional and Amount of Ending
financial transaction pending, Balance on Claims of
report the date the financial Other Fees must be zero.
transaction occurred resulting
in the loan being closed.
For a loan in which a
supplemental claim is
processed, report the date the
supplemental claim was paid.
Report the Date of Guaranty.
For borrowers completing a
period of ‘In Military Grace’
the borrower re-enrolled in
school.
17
Open/Closed Balance
Requirements
OPEN
STUDENT ELIGIBLE
There must be a positive
balance in the sum of
Amount of Outstanding
Principal Balance and
Amount of Outstanding
Accrued Interest Balance.
CLOSED
STUDENT ELIGIBLE
Amount of Outstanding
Principal Balance,
Amount of Outstanding
Accrued Interest Balance,
OPEN
STUDENT ELIGIBLE
There must be a positive
balance in the sum of
Amount of Outstanding
Principal Balance and
Amount of Outstanding
Accrued Interest Balance
after the initial
disbursement. (Note: the
amounts must be zero
until a disbursement
occurs.
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

ID In School or A loan for which the For loans guaranteed on or OPEN

Grace Period student is enrolled at least after July 1, 1995, report the
(See STUDENT ELIGIBLE
half-time in school or is in enrollment period begin date.
also
the loan grace period. A This must be equal to theThere must be a positive
IA, IG,
loan remains in an ID status Enrollment Period Begin Date.
balance in the sum of
or IM)
until the grace period has Amount of Outstanding
For initial population and for
expired and repayment Principal Balance,
guarantees made through June
begins. A student who Amount of Outstanding
30, 1995, report one of the
transfers to another Accrued Interest Balance,
following dates, in this order
institution, but who did not and Amount of Ending
of preference:
fully use the grace period, is Balance on Claims of
reported as ID. 1) The same date found in Other Fees in quarters
Date Enrollment Period after the initial
‘ID’ includes PLUS and SLS
Begins; or disbursement.
loans that are not fully
disbursed. 2) The same date found in
Date of Guaranty.
Note: Refer to Table 1-2 for
Date of Loan Status
restrictions on when this code
can be used.
IG In Grace A loan in the loan grace For students completing their OPEN
Period period. academic program, report the STUDENT ELIGIBLE
day after the last date of
attendance. There must be a positive
balance in the sum of
For students who withdraw,
Amount of Outstanding
report the day after the
Principal Balance and
withdraw date.
Amount of Outstanding
For borrowers completing a Accrued Interest Balance
period of ‘In Military Grace’ after the initial
who are not enrolled or do not disbursement.
intend to re-enroll, report the
day after the borrower’s
military grace ended. end date
of the borrower’s military
service period.

18
 Table 1–1
Loan Status Codes
Code Status Definition
IM In Military A loan that has not entered Report the day the borrower
Grace repayment (i.e., was in IA or entered the military.
IG status) and the borrower
is called or ordered to active
military duty for longer than
30 days.
The IM status should not
be confused with a military
deferment, which is used for
loans that have entered
repayment.
(ED will provide guidance
on regulatory requirements
and time limits.)
OD Defaulted, A loan for which the
Then guaranty agency paid a
Bankrupt, default claim to the lender,
Discharged, the borrower subsequently
Other declared bankruptcy (other
than Chapter 13), and the
loan has been discharged.
Report this Date in Date Open/Closed Balance
of Loan Status Field Requirements
OPEN
STUDENT ELIGIBLE
There must be a positive
balance in the sum of
Amount of Outstanding
Principal Balance and
Amount of Outstanding
Accrued Interest Balance,
after the initial
disbursement.
For bankruptcies on which the CLOSED
guaranty agency is first
STUDENT ELIGIBLE
notified, by any means, of the
bankruptcy on or after July 1, Amount of Outstanding
1995, report the date of the Principal Balance,
court order discharging the Amount of Outstanding
loan. Accrued Interest Balance,
and Amount of Ending
For initial population and
Balance on Claims of
through June 30, 1995, report
Other Fees must be zero.
one of the following dates, in
this order of preference:
1) The date of the court
order discharging the
loan;
2) The date the guaranty
agency received the court
order discharging the
loan; or
3) The date the guaranty
agency determined that it
must terminate collection
activities due to the
discharge of the debt.
19
 Table 1–1
Loan Status Codes
Code Status Definition
PC Paid in Full A loan that is paid in full as
Through a result of the borrower
(See
Consolidation obtaining a Consolidation
also
Loan Loan. PC is also used for
DN or
Defaulted Loan paid in full
PN)
through consolidation.
PF Paid in Full A non-defaulted loan that
the borrower has repaid in
full to the lender, including
principal, interest, and any
other allowable charges.
PF is also used for BK loans
paid in full (zero balance) by
or on behalf of the borrower
(loan not discharged).
If loan is paid in full as a
result of the borrower
obtaining a consolidation
loan, report as ‘PN’.
See code definition for ‘CA’
(Canceled).
Report this Date in Date
of Loan Status Field
Report the date the loan was
paid in full. The Date of Loan
Status equals the The Date of
Outstanding Principal Balance
equals the Date of Loan
Status.
Note: Refer to Table 1-2 for
Date of Loan Status
restrictions on when this code
can be used.
Report the date the loan was
paid in full. The Date of
Outstanding Principal Balance
equals the Date of Loan
Status.
20
Open/Closed Balance
Requirements
CLOSED
STUDENT ELIGIBLE
Amount of Outstanding
Principal Balance,
Amount of Outstanding
Accrued Interest Balance,
and Amount of Ending
Balance on Claims of
Other Fees must be zero.
CLOSED
STUDENT ELIGIBLE
Amount of Outstanding
Principal Balance and
Amount of Outstanding
Accrued Interest Balance
must be zero.
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

PM Presumed Loan records in a repayment Report the day that is 12 years CLOSED
paid-in-full non-claim status with a date from the Date Entered STUDENT ELIGIBLE
entered repayment of 12 Repayment.
years or more and balance Amount of Outstanding
information has not been Principal Balance and
updated in 4 four or more Amount of Outstanding
years. Accrued Interest Balance
must be zero.
This includes loans where
the 12- 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
• The 12- and 4-year
requirements are met
PN Paid in Full A non-defaulted loan paid in Report the date the loan was CLOSED
Through full as a result of the paid in full. The Date of STUDENT ELIGIBLE
Consolidation borrower obtaining a Outstanding Principal Balance
Loan Consolidation Loan. equals the Date of Loan Amount of Outstanding
Status. Principal Balance and
Note: Report a Defaulted Amount of Outstanding
loan paid in full through Accrued Interest Balance
consolidation with a DN must be zero.
code.
RF Refinanced A SLS loan or PLUS loan Report the date the loan was CLOSED
that was paid in full as a paid in full through
STUDENT ELIGIBLE
result of a borrower refinancing. The Date of
refinancing to obtain more Outstanding Principal Balance Amount of Outstanding
favorable loan terms. equals the Date of Loan Principal Balance and
Status. Amount of Outstanding
If a loan is refinanced but is
Accrued Interest Balance
NOT paid in full, continue to
must be zero.
report the loan in the
appropriate other loan
status.

21
 Table 1–1
Loan Status Codes
Code Status Definition
RP In Repayment A loan for which a claim has
not been paid (unless
subsequently repurchased)
and which is not in a
condition authorizing
cessation of payments (e.g.,
deferment or forbearance),
and for which the student
has begun repayment to the
current holder.
Note: A loan remains in an
IG status until the grace
period has expired and
repayment begins. A
student who transfers and
attends another institution,
but who did not fully use
the grace period, is reported
as IA.
An SLS or PLUS loan
entered repayment the day
the loan is fully disbursed
unless a condition
authorizing cessation of
payments exists (e.g.,
deferment or forbearance).
Report this Date in Date Open/Closed Balance
of Loan Status Field Requirements
Report one of the following OPEN
dates, in this order of
STUDENT ELIGIBLE
preference:
There must be a positive
1) For SLS loans where the
balance in the sum of
borrower declined the
Amount of Outstanding
initial in-school
Principal Balance and
deferment, and for PLUS
Amount of Outstanding
loans, enter the date of
Accrued Interest Balance.
the last disbursement.
2) For loans entering
repayment after an in-
school or grace status,
enter the date after the
grace period expires. The
Date of Loan Status is
equal to the Date Entered
Repayment.
3) For loans in forbearance,
enter the day after the
forbearance ended.
4) For rehabilitated loans,
enter the same date found
in Date Repurchased.
5) Each time the loan returns
to repayment after having
been in another loan
status (e.g., deferred),
enter the day after the
previous status ended. In
this case, the Date of
Loan Status is not equal
to the Date Entered
Repayment. The Date
Entered Repayment does
not change once the
student has been placed
in repayment.
22
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

UA Temporarily A curable loan not in default Report the date the loan lost OPEN
uninsured- having temporarily had its eligibility for insurance. STUDENT ELIGIBLE
loan not in guaranty withdrawn meeting
default claim one of the following There must be a positive
requested scenarios: balance in the sum of
Amount of Outstanding
• A loan with a violation
Principal Balance and
or gap in due diligence
Amount of Outstanding
that has been identified
Accrued Interest Balance.
• A loan that is between
If the current balance is
1 and 270 days of
unknown, report the
delinquency with a
original Principal Balance.
violation or gap in due
diligence
• A loan with a BC—
Bankruptcy, Chapter 13
or BO—Bankruptcy,
Other claim reason code
where a claim has been
requested and denied
by the guarantor or the
claim could be
requested but the
lender knows that the
guarantor will deny the
claim as a result of a
violation or gap in due
diligence
for which a default claim has
NOT been requested by a
lender, but a servicing
problem with the loan has
been discovered and the
guaranty has been
temporarily withdrawn. The
loan status should be
updated if the loan is cured
or paid-in-full. If the loan is
not cured or otherwise
closed within 3 years,
update the status to UC.

23
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

UB Temporarily A curable loan in default for Report the date the loan lost OPEN
uninsured- which the guaranty has eligibility for insurance. STUDENT INELIGIBLE
loan in default been temporarily withdrawn
claim denied meeting one of the following There mu st be a positive
scenarios: balance in the sum of
Amount of Outstanding
• A loan where a default Principal Balance and
claim has been Amount of Outstanding
requested by a lender, Accrued Interest Balance.
but the claim was If the current balance is
denied because proper unknown, report the
due diligence original Principal Balance.
requirements were not
met and the guaranty
has been temporarily
withdrawn
• A loan where a default
claim could be
requested but the
lender knows it will be
denied as a result of a
due diligence violation
or gap
The loan status should be
updated if the loan is cured
or paid-in-full. If the loan is
not cured or otherwise
closed within 3 years,
update the status to UD.

24
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

UC Permanently A non-curable loan not in Report the date the loan CLOSED
Uninsured / default which has permanently lost eligibility for STUDENT ELIGIBLE
Unreinsured- permanently lost insurance insurance / reinsurance.
loan not in for one of the following Amount of Outstanding
default claim reasons: Principal Balance and
requested Amount of Outstanding
• A loan that was
Accrued Interest Balance
previously in a UA
must be zero.
status that was not
cured within 3 years
from when a claim (BK,
BO) could have been
timely filed
• For loans that were
previously in a UA
status that were not
cured within 3 years
from when a claim (BK,
BO) was filed and
denied by the guarantor
• A loan where a non-
default claim was paid
to the lender and the
guarantor has
permanently lost
reinsurance
• Death or Disability
claims with a violation
or gap in due diligence
• A loan having a
violation or gap in due
diligence, previously in
a UA status, that the
lender did not cure
within 3 years

for which a default claim has

NOT been requested by a
lender, but a servicing
problem has been
discovered with the loan
and the guaranty has been
withdrawn, or which has
permanently lost insurance,
or permanently lost
reinsurance due to
regulatory violation.

25
 Table 1–1
Loan Status Codes

Code Status Definition Report this Date in Date Open/Closed Balance

of Loan Status Field Requirements

UD Permanently A non-curable loan in Report the date the loan CLOSED

Uninsured / default which has permanently lost eligibility for STUDENT INELIGIBLE
Unreinsured- permanently lost insurance insurance / reinsurance.
loan in default for one of the following Amount of Outstanding
claim denied reasons: Principal Balance and
Amount of Outstanding
• A loan that was
Accrued Interest Balance
previously in a UB
must be zero.
status that was not
cured within 3 years
from when a default
claim (DF) could have
been timely filed
• A loan previously in a
UB status that was not
cured within 3 years
from when a default
claim (DF) was filed and
denied by the guarantor
• A loan that a guarantor
paid a default claim to
lender and the loan has
permanently lost
reinsurance
for which a default claim
has been requested by a
lender, but a servicing
problem has been
discovered with the loan
and the guaranty has been
withdrawn, or which has
permanently lost insurance,
or permanently lost
reinsurance due to
regulatory violation.
Note: If the borrower can
establish that the loan was
paid-in-full, update the
status to PF. This will re-
establish the borrower’s
eligibility.

26
 Table 1–1
Loan Status Codes
Code Status Definition
UI Uninsured / A loan for which the
(See Unreinsured guaranty has been
also withdrawn, or which has
AL, temporarily or permanently
UA, lost insurance, or
UB, permanently lost
UC, or reinsurance due to
UD) regulatory violation.
XD Defaulted, Six A loan for which the
Consecutive guaranty agency has paid a
(Was
Payments default claim to the lender;
DX)
on which the borrower has
requested a satisfactory
repayment arrangement; and
on which the borrower has
voluntarily made six
consecutive, reasonable,
and affordable payments;
and for which no
subsequent payments are
currently overdue or
missing.
Failure to make a payment
results in a change of Loan
Status to “Defaulted, six
consecutive payments, then
missed payments” (DZ) and
the XD loan status cannot
be used again.
A loan can be in this status
only once in the life of the
loan.
Report this Date in Date
of Loan Status Field
Report the date the loan lost
eligibility for insurance/
reinsurance.
Note: Refer to Table 1-2 for
Date of Loan Status
restrictions on when this code
can be used.
Report the date the guaranty
agency received the sixth
consecutive, reasonable,
affordable, and voluntary
payments on the defaulted
loan.
27
Open/Closed Balance
Requirements
CLOSED
STUDENT INELIGIBLE
Amount of Outstanding
Balance must be the
original Principal Balance.
OPEN
STUDENT ELIGIBLE
There must 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.
 Table 1–2
Valid Date of Loan Status Codes

Loan Status Code GA Held Loans Lender Held Loans Date of Loan Status

AL X > 2001-07-01*
BC X No Date Restriction
BK X No Date Restriction
CA X No Date Restriction
CS X > 2001-07-01*
DA X No Date Restriction
DB X No Date Restriction
DC X No Date Restriction
DD X No Date Restriction
DE X No Date Restriction
DF X > 2001-07-01*
DI X No Date Restriction
DK X No Date Restriction
DL X No Date Restriction
DN X > 2001-07-01*
DO X No Date Restriction
DP X No Date Restriction
DR X > 2001-07-01*
DS X No Date Restriction
DT X No Date Restriction
DU X < 2001-06-30
DW X No Date Restriction
DX X < 2001-06-30
DZ X > 2001-07-01*
FB X No Date Restriction
FC X > 2001-07-01*
IA X > 2002-01-01**
ID X < 2001-12-31
IG X > 2002-01-01**
IM X > 2002-01-01*

Legend

Bolded: Indicates new loan status codes

Shaded: Indicates old loan status codes with a limited usage period
28
 Table 1–2
Valid Date of Loan Status Codes

Loan Status Code GA Held Loans Lender Held Loans Date of Loan Status

OD X No Date Restriction
PC X < 2001-12-31
PF X No Date Restriction
PM X > 2001-07-01*
PN X > 2002-01-01**
RF X No Date Restriction
RP X No Date Restriction
UA X > 2002-01-01**
UB X > 2002-01-01**
UC X > 2002-01-01**
UD X > 2002-01-01**
UI X < 2001-12-31
XD X > 2001-07-01*

*
GAs may begin reporting this code as early as 2001-01-01. The date in the chart reflects when a GA is required to
be reporting this code.
**
Lenders/Lender Servicers are required to be reporting the code in the chart as of this date. Lenders/Lender
Servicers may report earlier if mutually agreed to by GA.

Legend

Bolded: Indicates new loan status codes

Shaded: Indicates old loan status codes with a limited usage period
29
 Table 1–3
GA Loan Transfer Code

Code Status Definition Reporting Rules /

Data Providers
AE Loan A loan that has been transferred to and Report the date the transferred loan was
transferred accepted by another data provider — accepted by the new data provider in the Date
another GA, ECMC (GA927), or DCS of Loan Status field.
(GA555). In addition, GAs will report the GA code to
which the loan was transferred in the Code for
Servicer field (field 088). As this is a six byte
field, report 000 followed by GA code.
For ECMC report ‘000927’ and for DCS report
‘000555’
Report the Date of Servicer Responsibility
(field 150) with a date equal to the Date of
Loan Status.

30