1265 Interest Payment Code
Code identifying the method of interest payment
- Type
- Identifier (ID)
- Length
- Min 1 / Max 2
- Codes
| Code | Description |
|---|
| 1 | In-school Interest Paid Monthly by Borrower |
| 2 | In-school Interest Capitalized Quarterly |
| 3 | In-school Interest Paid Quarterly by Borrower |
| 4 | In-school Interest Capitalized Annually |
| 5 | In-school Interest Capitalized at Repayment |
| 6 | In Advance |
| 7 | In Arrears |