1265 Interest Payment Code

Code identifying the method of interest payment

Batch

Element Details

Type ID

LengthMin 1 / Max 2

Codes

<>7
In Arrears
<>1
In-school Interest Paid Monthly by Borrower
<>4
In-school Interest Capitalized Annually
<>2
In-school Interest Capitalized Quarterly
<>5
In-school Interest Capitalized at Repayment
<>3
In-school Interest Paid Quarterly by Borrower
<>6
In Advance