LOAN STATUS CODES AND ELIGIBILITY CHART

[Pages:10]APPENDIX C LOAN STATUS CODES AND ELIGIBILITY CHARTS

Code

AL BC

BK

CA CS DA DB

DC DD DE DF DI DK

DL DN DO

DP DR DS DT DU

Status

Abandoned Loan No Prior Default, Bankruptcy Claim, Discharged (For FFELP, only includes Chapter 13 bankruptcies.) No Prior Default, Bankruptcy Claim, Active (For FFELP, only includes Chapter 13 bankruptcies.) Cancelled (For Perkins, means = Loan Reversal.) Closed School Discharge Deferred Defaulted, then Bankrupt, Active. (For FFELP, only includes Chapter 13 bankruptcies.) Defaulted, Compromise Defaulted, Then Died

Death

Defaulted, Unresolved Disability Defaulted, Then Bankrupt, Discharged. (For FFELP, only includes Chapter 13 bankruptcies.) Defaulted, in Litigation Defaulted, Then Paid in Full Through Consolidation Loan Defaulted, Then Bankrupt, Active, other. (For FFELP, only includes Chapter 13 bankruptcies.) Defaulted, Then Paid in Full Defaulted Loan Included in Roll-up Loan Defaulted, Then Disabled Defaulted, Collection Terminated Defaulted, Unresolved

Eligibility For Title IV

No Yes, because loan was not in default and was discharged

Yes, because loan was not in default

Yes

Yes Yes No, unless debtor can show that loan is dischargeable. See Dear Colleague letter GEN-95-40, dated September 1995

Yes, because compromise is recognized as payment in full No, because if borrower is reapplying, then loan status is in error No, because if borrower is reapplying, then loan status is in error No Yes Yes, because defaulted loan has been totally discharged

No Yes, does not matter if loan was in default at time of consolidation. No, unless debtor can show that loan is dischargeable. See Dear Colleague letter GEN-95-40, dated September 1995

Yes, because loan was paid in full Yes, because the loan was combined with other loans. The status of that Roll-up loan will determine eligibility. Yes, because loan debt is cancelled No No

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Code

DW DX

DZ

FB FC IA ID IG IM IP OD

PC

PF PM PN RF RP UA

UB

UC

UD

UI

Status

Defaulted, Write-Off Defaulted, Satisfactory Arrangements, and Six Consecutive Payments Defaulted, Six Consecutive Payments, Then Missed Payment

Forbearance False Certification Discharge Loan Originated In School or Grace Period In Grace Period In Military Grace In Post-Deferment Grace (Perkins only) Defaulted, Then Bankrupt, Discharged, other. (For FFELP, only includes Chapter 7, 11, and 12 bankruptcies.) Paid in Full Through Consolidation Loan

Paid in Full Presumed Paid in Full Non-defaulted, Paid in Full Through Consolidation Loan Refinanced In Repayment Temporarily Uninsured ? No Default Claim Requested Temporarily Uninsured ? Default Claim Denied Permanently Uninsured/Unreinsured ? No Default Claim Requested (For Perkins, non-defaulted loan purchased by School) Permanently Uninsured/Unreinsured ? Default Claim Denied (For Perkins, defaulted loan purchased by School Uninsured/Unreinsured

Eligibility For Title IV

No Yes, assuming student continues to comply with repayment plan on defaulted loan, or is granted forbearance by the GA

No. Borrower made satisfactory arrangements, but then failed to make continuous payments. Only eligible for satisfactory status once. Yes Yes Yes Yes Yes Yes Yes Yes, because defaulted loan has been totally discharged

Yes. Does not matter whether consolidation loan was through FFELP or Direct Loan, nor whether underlying loans were in default Yes Yes Yes

Yes Yes Yes

No, because the loan was defaulted

Yes

No, because the loan was defaulted

Yes

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Code

XD

Status

Defaulted, Satisfactory

Arrangements, and Six Consecutive Payments

Eligibility For Title IV

Yes, assuming student continues to comply with repayment plan on defaulted loan, or is granted forbearance by the GA

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CODE SV0101

FEDERAL DIRECT LOAN SERVICER

NAME Direct Loan Servicing Center, Utica, NY

PHONE NUMBER 800-848-0979

CODE 700006 700008 700009 700010 700014 700022 700023 700027 700030 700034 700037 700038 700040 700041 700043 700054 700057 700059 700065 700067 700072 700077 700081 700082 700085 700086 700088 700096 700097 700098 700100 700101 700106 700109 700112 700113 700119 700120 700126 700127 700133

SELECTED SERVICERS

NAME AFSA - Academic Financial Services Assoc Southwest Student Services Corp Bank of North Dakota Bank One Columbus Brazos Higher Ed Authority College Finance Assistance Corp Colorado Student Loan Pgm COSTEP Intuition Inc UNIPAC Service Corp Education Loan Services Inc Educational Assistance Service Corp Inc EDS Education Financial Services USA Group Loan Services Inc FISC Great Lakes Higher Ed Corp Georgia Higher Ed Assistance Corp Iowa Higher Ed Loan Pgm Illinois State Scholarship Commission Kentucky Higher Ed Student Loan Corp Sallie Mae Missouri Higher Ed Loan Authority Maine Ed Service Massachusetts Higher Ed Assoc Mitchell Sweet and Associates Montana Guaranteed Student Loan Pgm Nellie Mae New Jersey Dept of Higher Ed New Mexico Ed Assistance Foundation PHEAA Opportunity Plan Inc Panhandle South Carolina Student Loan Corp TGSLC Loan Servicing Student Loan Fund of Idaho Student Loan Funding Corp Trans World Insurance Co USA Funds Utah State Board Of Regents Vermont Secondary Loan Market Wyoming Student Loan Corp

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CITY Long Beach Mesa Bismarck Columbus Austin Deerfield Denver McAllen Jacksonville Denver Braintree Aberdeen Richardson Indianapolis Indianapolis Lewiston Madison Tucker Des Moines Deerfield Louisville Reston St. Louis Augusta Boston Tempe Helena Braintree Trenton Albuquerque Harrisburg Canyon Columbia Austin Fruitland Cincinnati Sacramento Indianapolis Salt Lake City Winooski Cheyenne

STATE CA AZ ND OH TX IL CO TX FL CO MA SD TX IN IN ME WI GA IA IL KY VA MO ME MA AZ MT MA NJ NM PA TX SC TX ID OH CA IN UT VT WY

CODE 700138 700139 700143 700147 700165 700172 700181 700194 700195 700196 700198 700200 700202 700203 700204 700790

NAME Student Information Service Center Student Initiated Loan Servicing Indiana Secondary Market Lender Service Pgm Credit Union Processing MHESAC Lender Services Student Loan Servicing Center SUNTECH Inc EFS Iowa Student Loan Liquidity Corp AFSA Data Corp Greater East Texas Servicing Corp Norwest Student Loan Servicing Center Educaid Granite State Management & Resource UNIPAC Service Corp

CITY Albany Montgomery Indianapolis Madison Battle Creek Helena Minneapolis Jackson Fruitland Des Moines Utica Bryan St Paul Sacramento Concord Lincoln

STATE NY AL IN WI MI MT MN MS ID IA NY TX MN CA NH NE

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NUMBER 555 705 706 708 709 712 713 716 717 719 721 722 723 725 726 729 730 731 733 734 735 736 737 738 740 741 742 744 745 746 747 748 749 750 753 755 800 927 / 951

GUARANTY AGENCIES

SHORT NAME FFEL Arkansas California Colorado Connecticut Florida Georgia Idaho Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon PHEAA Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Washington Great Lakes USAF ECMC

NAME Assigned to Department of Education Student Loan Guarantee Foundation of Arkansas EDFund of California Colorado Student Loan Program Connecticut Student Loan Foundation Florida Department of Education Georgia Higher Education Assistance Corporation Student Loan Fund of Idaho, Inc. Illinois Student Assistance Commission Iowa College Student Aid Commission Kentucky Higher Education Assistance Authority Louisiana Office of Student Financial Assistance Maine Education Assistance Division American Student Assistance of Massachusetts Michigan Higher Education Assistance Authority Missouri Coordinating Board for Higher Education Montana Guaranteed Student Loan Program National Student Loan Program, Inc. New Hampshire Higher Education Assistance Foundation New Jersey Higher Education Assistance Authority New Mexico Student Loan Guarantee Corporation New York State Higher Education Services Corporation North Carolina State Ed. Assistance Authority Student Loans of North Dakota Oklahoma Guaranteed Student Loan Program Oregon State Scholarship Commission Pennsylvania Higher Education Assistance Agency Rhode Island Higher Education Assistance Authority South Carolina State Ed Assistance Authority Education Assistance Corporation-South Dakota Tennessee Student Assistance Corporation Texas Guaranteed Student Loan Corporation Utah Higher Education Assistance Authority Vermont Student Assistance Corporation Northwest Education Loan Association-Washington Great Lakes Higher Education Corporation-Wisconsin United Student Aid Funds, Incorporated Education Credit Management Corporation

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CODE 444445 807745 803072 819928 806627 800802 826548 814392 807581 816386 809063 805156 805243 831857 802285 827204 805270 805321 819414 818508 805069 830469 821623 826878 804937 809383 810148 822660 813979 805082 802030 802837 832825 817846 811304 812688 829589 815844 822583 824852 831453 820872

SELECTED LENDERS

NAME Sallie Mae-Rehabilitated Loan Albany Savings Bank FSB Amcore Bank NA AmSouth Bank NA BanCorpSouth Bank Bank of America Bank of Boston Bank of Hawaii Bank of New York Bank of North Dakota Bank of Oklahoma Bank One BankBoston NA Bankers Bank/EdSouth Barnett Bank Trust Company NA Bay Bank Boston NA Bay Bank Harvard Trust Bay Bank Norfolk County Trust Co Beneficial Mutual Savings Bank Carteret Savings Bank Central Bank Chase Manhattan Bank CHELA Financial USA Inc Citibank Student Loan Center Citizens Fidelity Bank & Trust Clearfield Bank & Trust CLS - National City Bank Comerica Bank Commerce Bank of St Louis Commercial National Bank In Shreveport Connecticut Bank & Trust Continental Illinois National Bank CoreStates Bank Corus Bank Crestar Bank Dauphin Deposit Bank & Trust Dearborn Federal Credit Union Dime Savings Bank of Wallingford Dollar Bank Eastern Bank Educational Funding of the South Ellwood Federal Savings & Loan

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CITY Reston Albany Rockford Birmingham Tupelo Brea Providence Honolulu Newark Bismarck Tulsa Columbus Providence Atlanta Jacksonville Dedham Cambridge Dedham Philadelphia Parsippany Monroe New York San Francisco Rochester Louisville Clearfield Cleveland Detroit St Louis Shreveport Hartford Chicago Wilmington Chicago Richmond Harrisburg Dearborn Wallingford Pittsburgh Salem Knoxville Ellwood City

STATE VA NY IL AL MS CA RI HI DE ND OK OH RI GA FL MA MA MA PA NJ LA NY CA NY KY PA OH MI MO LA CT IL DE IL VA PA MI CT PA MA TN PA

CODE 808780 800097 810612 822046 828478 828374 805353 813651 802933 830974 805147 805943 810563 807542 807510 802445 821835 802844 808258 831495 831173 831143 826762 807789 813544 830485 807973 818426 827542 805125 804076 807989 826481 803094 821396 822947 829268 831036 808173 808007 809675 831848 812205 802968

NAME Fifth Third Bank First Alabama Bank of Mobile First American National Bank First Bank A Savings Bank First Financial Bank FSB First Independent Trust Company First Mutual of Boston First National Bank First National Bank of Chicago First National Bank of Omaha First NBC First of America Bank First Tennessee Bank First Union National Bank First Union National Bank First Union National Bank First Virginia Bank Firstar Bank Illinois Firstier Bank NA Fleet Retail Loan Services Florida Federal Savings & Loan Florida Federal Savings Bank Glendale Federal Bank FSB Goldome Bank Great American Federal Savings & Loan Great Western Bank FSB Greater New York Savings Bank Heritage Bank for Savings Heritage Community Bank Hibernia National Bank Hills Bank & Trust Company Home Federal Savings Bank Home Owners Savings Bank FSB Household Bank Hudson City Savings Bank Iberia Savings Bank SSB Imperial Federal Savings Independence FSB Independence Savings Bank Jamaica Savings Bank Jersey Shore State Bank Key Bank USA LaSalle FSB Magna Bank NA

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CITY Cincinnati Mobile Nashville Clayton Stevens Point Sacramento Boston Ames Flint Omaha New Orleans Kalamazoo Maryville Charlotte North Brunswick Roanoke Falls Church Milwaukee Lincoln Utica Jacksonville St Petersburg San Diego Amherst Pittsburgh Chatsworth Brooklyn Northampton Riverdale New Orleans Hills Patchogue Burlington Wood Dale Paramus New Iberia San Diego Washington Brooklyn Lynbrook Jersey Shore Cleveland Chicago Des Moines

STATE OH AL TN MO WI CA MA IA MI NE LA MI TN NC NJ VA VA WI NE NY FL FL CA NY PA CA NY MA IL LA IA NY MA IL NJ LA CA DC NY NY PA OH IL IA

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