1307 Loan Status Code

Code indicating the loan status

Type

Identifier (ID)

Length

Min 1 / Max 2

Codes

Code	Description
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
14	Current
15	Preforeclosure Acceptance Plan Available
16	Preforeclosure Acceptance Plan Not Available
17	Preforeclosure Sale Closing Plan Accepted
18	Preforeclosure Sale Closing Plan Rejected
19	Partial Reinstatement
20	Reinstated by Mortgagor Who Retains Ownership
21	Reinstated by Assumptor
22	Servicing Transferred or Sold to Another Mortgagee
23	Sold
24	Drug Seizure
25	Cancel
26	Refinance
27	Assumption
28	Modification
29	Charge-off
30	Third Party Sale
31	Probate
32	Military Indulgence
33	Contested Foreclosure
34	Natural Disaster
35	Expiration of Redemption
36	Preclaim - Skip
37	Preclaim - Past Due Repayment
38	Preclaim-Failure to Pay Interest
39	Preclaim-Enrolled
40	Preclaim-Ineligible Borrower
41	Supplemental Preclaim
42	Delinquent
43	Foreclosure Started
44	Deed-in-Lieu Started
45	Foreclosure Completed
46	Property Conveyed to Insurer
47	Deed-in-Lieu Completed
48	Claims without Conveyance of Title
49	Assignment Completed
50	Claim Paid