1265 Interest Payment Code

Code identifying the method of interest payment

Type
Identifier (ID)
Length
Min 1 / Max 2
Codes
CodeDescription
1In-school Interest Paid Monthly by Borrower
2In-school Interest Capitalized Quarterly
3In-school Interest Paid Quarterly by Borrower
4In-school Interest Capitalized Annually
5In-school Interest Capitalized at Repayment
6In Advance
7In Arrears

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