1 | Guaranteed |
2 | Guaranteed with Changes |
3 | Denied A loan guarantee will not be issued for the loan application under consideration |
4 | Rejected A loan guarantee may be issued for the loan application under the consideration if the appropriate errors are corrected |
5 | Pending A temporary status assigned during loan investigation |
6 | Disbursed The loan proceeds have been transferred from the lender to the borrower or to the school |
7 | Grace Status assigned during the grace period prior to loan repayment |
8 | Deferred Status assigned during the authorized loan payment deferment period |
9 | Forbearance Status assigned during the temporary suspension of loan payments, granted at the discretion of the lender, according to federal regulations |
10 | Preclaim Status assigned while attempts are being made to encourage the borrower to resume loan payments |
11 | Claim Application has been made to the guarantor for payment of insured student loan |
12 | Repayment Status assigned during period in which the borrower must make regular installment payments on a loan |
13 | Paid in Full Status assigned when the principal and interest balances are reduced to zero through payments other than an claim payment |