1265 Interest Payment Code
1265 Interest Payment Code
Code identifying the method of interest payment
Type
ID
Length
Max 2 / Min 1
Codes
<> 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