Perkins Data Provider Instructions Appendix B: Loan Code Tables

Table B−2: Perkins Loan Status Codes

Code Status Definition Report this Date in Date of Open/Closed,
Loan Status Field Student Eligibility,
Balance Requirements
FC False Loan approved for discharge Report the date the loan CLOSED
Certificatio due to a false certification discharge was approved. STUDENT ELIGIBLE
n Discharge determination. For a loan previously Amount of Outstanding
Identifies a loan for which a reported as closed for other Principal Balance must be
discharge application has reasons, report the date the zero.
been received and the loan loan discharge was
discharge has been approved approved.
due to false certification. For a loan with an additional
Includes: financial transaction
• A loan where 100% of pending, report the date the
the loan, plus interest financial transaction
paid by the student, is occurred resulting in the
discharged loan being closed.
• 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 false
certification discharge.
FR Fraud A loan which was obtained Report the date the data OPEN
fraudulently. provider became aware of STUDENT INELIGIBLE
the 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.
IA Loan A loan for which at least one Report the Date of First OPEN
Originated disbursement has been Disbursement. STUDENT ELIGIBLE
(Disbursed) made.
Amount of Outstanding
A loan remains in an IA Principal Balance must
status until it enters grace or have a positive balance.
other appropriate code.
ID
(Now
IA, IG,
or IM)

Dave Revised: 02-15-2007

March 31, 2004 Version 3

B–11