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Setup Instructions |
November 28, 2000
To: Holders and Servicers Participating in the Health Education Assistance Loan (HEAL) Program.
Subject: Implementation
and Amendment of the Revised HEAL Borrower Loan Status (BLS) Process
Lender Policy Memorandum L-2001-1
Lender Policy Memorandum L-2000-11 dated August 22, 2000 contained the the HEAL Program's revised borrower loan status update process designed to obtain additional necessary data from holders and servicers on a regular monthly basis. This process is slated to become effective January 1, 2001 and will allow the HEAL Program to complete a variety of mandated reports and effectively manage our $3.5 billion loan portfolio.
Lenders and servicers, after reviewing the business rules, field definitions and constraints, and error messages, made suggestions to amend the package.
The HEAL Program did amend the BLS process and faxed an advance copy to lenders and servicers on November 2, 2000. The purpose of this policy memorandum is to formally issue the amended/revised HEAL Borrower Loan Status Process. As stated in policy memorandum L-2000-11, each lender is required to submit newly formatted data by January 10, 2001 to report all borrower change actions which occurred in December 2000 unless other accommodations have been made. Those lenders that own and service a small number of loans, nevertheless must initially provide the HEAL Program all fields required on the BLS and update them semi-annually. It is recommended that test tapes be submitted to the HEAL Program in December 2000 prior to the implementation of these new procedures January 1, 2001.
If you have any questions regarding these new procedures please contact
Ms. Terri Ehrenfeld or Ms. Denise Sorrell of the HEAL Program at (301) 443-1540 or by Fax at (301) 594-6911.
Stephen J. Boehlert
Associate Division Director, HEAL
Division of Student Assistance
Revised 11/2/2000
HEAL Borrower Loan Status Business Rules
Basic Requirements/Reporting
- Borrower Loan Status (BLS) data must be submitted to HHS by the 10th of each month.
- BLS data must reflect status changes or other relevant information that occurred the prior month.
- HHS expects data reported by servicers/holders will be accurate and complete.
- The data must be submitted on a loan level basis. Loan ID for each loan must be unique on the tape submission, not submitted more than once.
- BLS data must be submitted to HHS in ascending order by loan id.
- HHS will produce an acceptance and/or an error transaction and summary reports for each BLS data submission.
- Servicers/holders must correct errors and resubmit the corrections on the HEAL returned electronic submission to HHS within 30 days from the process date reported on the Error Transaction Report (ASCII file).
- HHS assumes the last status action reflects the accurate status of the loan at the time it is reported.
- Each borrower status record includes all applicable data elements as defined by the attached HEAL Customer Tape Specifications (Lender-to-HEAL).
- Report monthly all HEAL loans with an outstanding balance and those HEAL loans that have been "closed" during the prior month due to a paid in full by borrower, paid in full by another party other than borrower, paid in full by Department of Ed, paid by claim, or HEAL refinanced. When a loan is reported once as "closed" it will no longer be reported on subsequent submissions.
- All required and applicable optional fields should be populated every month regardless of whether it changed from the prior month.
Definitions/Inferences
G - In Grace Period
- "I" "Grace Period" means that the borrower is in the nine month grace period.
- In "I" type deferments (internship or residency) the "Grace Period" follows the deferment.
- If not an "I" type deferment, the "Grace Period" begins immediately following separation from school or attendance less than full time.
- Nine months of grace must be completed prior to entering repayment.
I - Deferred (Repayment period postponed)/In-School
- Payments are deferred prior to the expiration of "In Grace Period".
- Internship/residency programs that begin prior to the expiration of the grace period.
- Fellowships and educational programs that begin within twelve months of the end of internship/residency are eligible for "I" type deferments and the grace period will start upon completion of this deferment.
- Graduates of chiropractic school are eligible for "Deferred" status immediately upon graduation - for 1 year and prior to the grace period.
-Borrowers currently in a full-time student status
R - Repayment
- "Repayment" means that a borrower is in the repayment period either on the 1st day of the 10th month following graduation after the 9 month grace period; or the 1st day of the 10th month after an "I" type deferment plus grace.
- Repayment date has been called conversion date.
Q - In repayment, but deferred
- Payments are deferred after the expiration of the "In Grace Period".
- Borrower has used the nine month grace period.
- Borrower has enrolled, full time, in a HEAL school or at an institution of higher education, is participating in the Federal Family Education Loan Program (FFELP) or the Direct Loan Program, is a member of the Armed Forces, Peace Corps, VISTA or National Health Service Corps, or has completed an internship or residency training program in osteopathic general practice, family medicine, general internal medicine, preventive medicine, or general pediatrics and is practicing primary care, or provides health care to Indians through a health program/facility funded in whole or part by the Indian Health Service.
F - Forbearance
- Borrower is currently in a period of forbearance granted by the loan holder.
- Status preceding forbearance may only be a "G", "R" or "Q".
- A repayment date must have been or must be submitted prior to/or when receiving a forbearance.
PB - Paid loan in full by borrower
- Borrower has paid the HEAL loan in full to the holder.
- "Borrower paid loan in full" does not mean a claim has been paid on the loan by HHS.
- "Borrower paid loan in full" does not mean the loan has been consolidated.
- "Borrower paid loan in full" does not mean the loan has been sold to another HEAL holder.
- "Borrower paid loan in full" does not mean the loan has been consolidated with Department of Education.
PO - Paid loan in full by another party other than the borrower.
- Another party other than the borrower has paid the HEAL loan in full to the holder.
- Examples of another party other than the borrower are financial or educational institution, mortgage company, friend, family member, attorney, etc.
- "Other than borrower paid loan in full" does not mean a claim has been paid on the loan by HHS.
- "Other than borrower paid loan in full" does not mean the loan has been sold to another HEAL holder.
- "Other than borrower paid loan in full" does not mean the loan has been consolidated with Department of Education.
EP - Loan paid in full by Dept. of ED
- Borrower has consolidated/refinanced this HEAL loan with the Department of Education and the loan holder no longer holds this HEAL loan for this borrower.
Loan Status
BLS actions are reported on a loan level. BLS actions are not reported on a disbursement or borrower level. Voided or canceled loan transactions are not valid BLS actions and therefore should not be reported. All BLS actions are reported to HHS within 45 days of the date the action occurs or the date the servicer/holder is notified of the action. Loan status must be one of the following values:G - Grace
I - Deferred (Repayment period
postponed)/In-School
R - Repayment
Q -
In repayment, but deferred
F
- Forbearance
PB -
Paid loan in full by borrower
PO
- Paid loan in full by another party other than the borrower
EP -
Loan paid in full by Department of Education
For multiple changes in one report period, only submit the most recent loan status.
The loan status and borrower changes for all loans purchased in a given month is reported by the new purchaser (holder) to HHS within 45 days after the purchase transaction.The "effective date of loan status" refers to the date the action actually occurred on the status of the loan.
The "effective date of loan status" is independent of the holder's system posting date.
Future, estimated, or projected status change dates will not be reported to HHS.If a loan is sold in a given month, the lender selling the loan does not report the loan to HHS.
All loan statuses must have an effective date of loan status.
Loans with statuses "G", or "I" can not have a conversion to repayment date.Valid repayment statuses are "R", "Q", or "F".
Loans with statuses "R", "Q", or "F" must have a conversion to repayment date.
Loan statuses "PB", "PO", and "EP" are considered closed statuses.
Loan statuses "PB", "PO", and "EP" are reported to HHS only once.Loan statuses "PB", "PO", and "EP" must have a conversion to repayment date, if the loan was in a repayment status before the loan was closed.
If a loan goes into a "Q" or "F" status the repayment date on the record does not change.
Repayment Date
Repayment date is defined as the date the borrower actually begins repayment.Repayment date typically begins either the first day of the 10th month after the borrower graduates or the first day of the 10th month after an "I" type deferment.
Repayment date will not be reported to HHS until the borrower actually goes into repayment.
The repayment date value will not be changed if the borrower loan status changes from an "R" to a "Q" or "F", only the effective date of loan status will change.
The repayment date must appear on each submission except when submitting a loan status of "I" or "G" in which the field will be left blank.
Future, estimated, calculated or projected repayment dates will not be submitted to HHS.
Deferment Type
The Deferment Type field should only be populated if the status being submitted is a "I" or "Q".
Deferment Type must be one of the following values:
FT - Full time attendance at a HEAL school
or FFELP school
IR - Internship/Residency
GF- Graduate fellowship training or educational activity
PC - Peace Corps
AC - Voluntary service in Vista/Action program
AP - Service in National Health Service Corps or full time
active duty in Armed Forces
CH - Graduate of Chiropractic school
PP - Completed Internship/Residency training and practicing
Primary Care (Osteopathic General Practice, Family Medicine, General Internal
Medicine, Preventive Medicine or General Pediatrics)
IH - Providing health care to Indians through a health program/facility
funded in whole or part by the Indian Health Service
Rev. 11/2/2000
Status Update Data Dictionary
Field Name Field Definition and Constraints
Loan ID Format is: YYYYBB999999 . Number assigned or approved by HHS for all insured loans. YYYY indicates the government fiscal year in which the loan was disbursed, BB is the HHS assigned block number, followed by a 6 position sequentially generated number.
SSN Social security number for borrower currently on the HEAL database. If there is a SSN change, report old SSN in this field and new SSN in "New SSN" field.
Last Name of Borrower Last Name of the borrower.
First Name of Borrower First Name of the borrower.
Middle Initial of Borrower Middle Initial of the borrower's name.
File Type "SO" or "SE" will always be reported in this field to indicate a Status Update file type of "status original" or "status error".
Holder ID Number HHS assigned number for the holder of the loan.
Servicer ID Number HHS assigned number for the servicer of the loan.
New SSN Report the new SSN, if applicable, in each loan record in data file for this borrower. If new SSN, then old SSN is reported in "SSN" field. If no change, leave blank.
Current Loan Status Loan status of borrower's loan in the month the data were reported.
Refer to section on Loan Status.
Effective Date of Date loan status change actually begins. Data in this field is Loan Status submitted to HHS no later than 45 days after the date of occurrence or the date the servicer/holder is notified of the action.
Actual Graduation/ Actual date the borrower graduated or withdrew from school.
Separation Date
Deferment Type Refer to prior section on Deferment Type.
Field Name Field Definition and Constraints
Repayment Date Actual date the borrower's loan went into repayment.
Current Repayment Plan Current type of Repayment Plan borrower is enrolled (G-Graduated, I-Income Sensitive, or L-Level).
Current Outstanding Loan The balance of current Principal, Interest and other fees on the Balance borrower's loan.
Current Principal Balance The balance of current Principal on the borrower's loan.
Current Monthly Payment Current Monthly payment the borrower is billed on a particular Amount loan.
Current Interest Rate Format is: 99.999. Current Interest Rate which is calculated by T-Bill rate + additional interest on a particular loan.
Number of Days The Number of Days Delinquent or Past Due on a particular
Delinquent/Past Due loan.
Refinanced Loan Y or N Yes or No, indicating whether the particular loan is a refinanced/consolidated loan.
Borrower's Street Address Current street address of the borrower.
(Home)-first line
Borrower's Street Address Addition to borrower's street address shown on first line.
(Home)-second line
Borrower's City Current city in which borrower resides.
(Home)
Borrower's State (Home) Current state in which borrower resides. Must be a valid US state code, "FC" for foreign country, "AA" for Military Americas, "AE" for Military Europe/Mid East/Africa/Canada or "AP" for Military Pacific.
Borrower's Zip Code Borrower's current zip code.
(Home)
Borrower's Country (Hm.) Current country in which borrower resides.
Borrower's Phone Number Current phone number for the borrower. Include area code.
(Home)
Borrower's E-mail Address Borrower's current e-mail address.
Borrower's Street Address Current street address of borrower's place of business.
(Business)-first line
Borrower's Street Address Addition to borrower's place of business street address shown on
(Business)-second line first line.
Borrower's City Current city of the borrower's place of business.
(Business)
Borrower's State (Bus.) Current state in which borrower works. Must be a valid US state postal code, "FC" for foreign country, "AA" for Military Americas, "AE" for Military Europe/Mid East/Africa/Canada or "AP" for Military Pacific.
Borrower's Zip Code Current zip code of borrower's place of business.
(Business)
Borrower's Country (Bus.) Current country of borrower's place of business.
Borrower's Phone No. Current phone number for the borrower's place of business. (Business) Include area code.
HEAL Process Date Date the HEAL program processed the original BLS electronic submission.
Error Message Number(s) Error numbers that inform the servicer that problems do exist with the particular loan record. The BLS record is not accepted and the HEAL database is not changed. Servicers are responsible to fix the record and resubmit.
Item # for Error 1 Item numbers that indicate which field(s) received an Error 1.
(Missing Data)
Item # for Error 2 Item numbers that indicate which field(s) received an Error 2.
(Invalid Data)
Filler Blank spaces.
Revised 11/2/2000
BORROWER LOAN STATUS
Error Messages
Error Reasons:
1.
Required value is missing.
2.
Supplied value is invalid.
3.
Cannot find SSN in HEAL file.
4.
Loan ID supplied is invalid since the HEAL system contains no record of
the supplied Loan ID ever being issued.
5.
Loan ID supplied is associated with another borrower's SSN.
6.
New SSN already exists in HEAL file for another borrower.
7.
Loan ID is submitted more than once on the electronic submission.
8.
Repayment Date submitted is before HEAL Last Disbursement Date.
9.
Effective Date of Loan Status submitted is before HEAL First Disbursement
Date.
10. Effective
Date of Loan Status is greater than HEAL tape-received date.
11. "I" (Deferred/In-School) or "G" (Grace Period) Loan Status submitted and repayment
date submitted.
12. "I" (Deferred/In-School) Loan Status submitted and HEAL
Loan Status is PB, PO, or EP.
13. "I" (Deferred/In School) Loan Status submitted and Effective
Date of Loan Status is prior to the Grad/Sep date submitted. Since last
graduating class will be 6/30/2001, this error message will not take effect
until July 2001.)
14. "G"(Grace) Loan Status submitted and HEAL Loan Status
is PB, PO, or EP.
15. "G"(Grace) Loan Status submitted and the Effective Date
of Loan Status is prior to the Grad/Sep. Date submitted.
16. Repayment
date submitted is less than 270 days after Grad/Sep Date in the HEAL database.
17. Repayment
date submitted with a status of G (Grace) or I (Deferred/In-School).
18. "R" (Repayment) Loan Status submitted, and HEAL Loan
Status is PB, PO, or EP.
19. "R" (Repayment) Loan Status submitted, and Effective
Date of Loan Status is prior to the Grad/Sep. Date submitted.
20. "Q"
(In repayment, but deferred) Loan Status submitted, and Effective Date
of Loan Status is prior to the Grad/Sep. Date submitted.
21. "Q"
(In repayment, but deferred) Loan Status submitted, and Effective Date
of Loan Status is prior to the Repayment date in the HEAL database.
22. "Q"
(In repayment, but deferred) submitted, and HEAL Loan Status is EP, PB,
or PO.
23. "Q" or "I" submitted, and deferment type was blank.
24. "F" (Forbearance) submitted, and HEAL Loan Status is
EP, PB, or PO.
25. "F" (Forbearance) Loan Status submitted, and Effective
Date of Loan Status is prior to the Grad/Sep. Date submitted.
26. "F" (Forbearance) Loan Status submitted, and Effective
Date of Loan Status is prior to the Repayment Date in the HEAL database.
27. "PB"
Loan Status submitted, and HEAL Loan Status is EP or PO.
28. "EP" (Dept. of Education Consolidation) Loan Status submitted,
and HEAL Loan Status is PB or PO.
29. "PO" Loan Status submitted, and HEAL Loan Status is PB
or EP.
30. "PB, PO, or EP"
Loan status submitted with outstanding balance greater than $0.
31. Loan
is part of a HEAL consolidation.
32. Loan
is part of a paid claim.
33. Repayment
Plan is not a "G" Graduated, "I" Income Sensitive
or "L" Level.
34. Current
Outstanding Loan Balance must be greater than or equal to $0 and less
than $500,000.
35. Current
Outstanding Principal Balance must be greater than or equal to $0 and
less than $300,000.
36. Current
Monthly Payment Amount must be greater than or equal to $0 and less than
$5,000.
37. Current
Interest Rate must be greater than or equal to 4.750% and less than or
equal to 20.000%.
38. File
Type must be "SO" or "SE".
| Revised 10/26/2000 |
10/30/2000 |
||||
| Item # |
Field Name |
Type |
Size |
Column |
Format |
| 1 |
Loan ID |
Number |
12 |
1-12 |
YYYYBB999999 |
| 2 |
Social Security Number |
Character |
9 |
14-22 |
999999999 |
| 3 |
Last Name of Borrower |
Character |
30 |
24-53 |
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX |
| 4 |
First Name of Borrower |
Character |
25 |
55-79 |
XXXXXXXXXXXXXXXXXXXXXXXXX |
| 5 |
Middle Initial of Name |
Character |
1 |
81-81 |
X |
| 6 |
File Type * |
Character |
2 |
83-84 |
SO (status original) or SE (status errors) |
| 7 |
Holder ID Number |
Number |
6 |
86-91 |
999999 |
| 8 |
Servicer ID Number |
Number |
6 |
93-98 |
999999 |
| 9 |
New Social Security Number |
Character |
9 |
100-108 |
999999999 |
| 10 |
Current Loan Status |
Character |
2 |
110-111 |
Values: G, R, F, I, Q, PB, PO, EP |
| 11 |
Effective date of loan status |
Date |
8 |
113-120 |
YYYYMMDD |
| 12 |
Actual Graduation/Separation Date |
Date |
8 |
122-129 |
YYYYMMDD |
| 13 |
Deferment Type |
Character |
2 |
131-132 |
Values: FT, IR, GF, PC, AC, AP, PP, CH, IH |
| 14 |
Repayment date |
Date |
8 |
134-141 |
YYYYMMDD |
| 15 |
Current Repayment Plan |
Character |
1 |
143-143 |
G'Graduated, I'Income Sensitive, L'Level |
| 16 |
Current Outstanding Loan Balance |
Number |
9 |
145-153 |
999999.99 |
| 17 |
Current Principal Balance |
Number |
9 |
155-163 |
999999.99 |
| 18 |
Current Monthly Payment Amount |
Number |
7 |
165-171 |
9999.99 |
| 19 |
Current Interest Rate |
Number |
6 |
173-178 |
99.999 |
| 20 |
# of Days Delinquent/Past Due |
Number |
4 |
180-183 |
9999 |
| 21 |
Refinanced Loan Y or N |
Character |
1 |
185-185 |
Y'Yes and N'No |
| 22 |
Borrower's street address (home)-1st |
Character |
60 |
187-246 |
Street Number and Name |
| 23 |
Borrower's street address (hm)- 2nd |
Character |
60 |
248-307 |
Street Number and Name |
| 24 |
Borrower's city (home) |
Character |
30 |
309-338 |
City |
| 25 |
Borrower's state (home) |
Character |
2 |
340-341 |
State |
| 26 |
Borrower's zip code (home) |
Number |
9 |
343-351 |
Can be either 5 or 9 digits. No dashes. |
| 27 |
Borrower's country (home) |
Character |
25 |
353-377 |
XXXXXXXXXXXXXXXXXXXXXXXXX |
| 28 |
Borrower's phone number (home) |
Number |
10 |
379-388 |
9999999999 |
| 29 |
Borrower's e-mail address |
Character |
50 |
390-439 |
Email Address |
| 30 |
Borrower's street address (bus.)-1st |
Character |
60 |
441-500 |
Street Number and Name |
| 31 |
Borrower's street address (bus.)- 2nd |
Character |
60 |
502-561 |
Street Number and Name |
| 32 |
Borrower's city (business) |
Character |
30 |
563-592 |
City |
| 33 |
Borrower's state (business) |
Character |
2 |
594-595 |
State |
| 34 |
Borrower's zip code (business) |
Number |
9 |
597-605 |
Can be either 5 or 9 digits. No dashes. |
| 35 |
Borrower's country (business) |
Character |
25 |
607-631 |
XXXXXXXXXXXXXXXXXXXXXXXXX |
| 36 |
Borrower's phone number (business) |
Number |
10 |
633-642 |
9999999999 |
| 37 |
HEAL Process Date |
Date |
8 |
644-651 |
YYYYMMDD |
| 38 |
Error Message Number (s) |
Char/Num |
50 |
653-702 |
9,99,99,99 |
| 39 |
Item # for Error 1 (missing data)** |
Char/Num |
50 |
704-753 |
9,99,99,99,99 |
| 40 |
Item # for Error 2 (invalid data)** |
Char/Num |
50 |
755-804 |
9,99,99,99,99,99 |
| 41 |
Filler |
96 |
805-900 |
Blanks |
|
| * Item #6 will be replaced with "SE". ** Series of numbers representing error message(s) separated by commas. For error numbers 1 and 2, the corresponding Item # from Lender-to-Heal tape specification is also listed. Items #1-36 will be record received from lender. |
|||||
| Revised 10/30/2000 |
||||||
| Item # |
Field Name |
Required/ Optional |
Type |
Size |
Column |
Format |
| 1 |
Loan ID |
R |
Number |
12 |
1-12 |
YYYYBB999999 |
| 2 |
Social Security Number |
R |
Character |
9 |
14-22 |
999999999 |
| 3 |
Last Name of Borrower |
R |
Character |
30 |
24-53 |
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX |
| 4 |
First Name of Borrower |
R |
Character |
25 |
55-79 |
XXXXXXXXXXXXXXXXXXXXXXXXX |
| 5 |
Middle Initial of Name |
O |
Character |
1 |
81-81 |
X |
| 6 |
File Type |
R |
Character |
2 |
83-84 |
SO (status original) or SE (status errors) |
| 7 |
Holder ID Number |
R |
Number |
6 |
86-91 |
999999 |
| 8 |
Servicer ID Number |
R |
Number |
6 |
93-98 |
999999 |
| 9 |
New Social Security Number |
O* |
Character |
9 |
100-108 |
999999999 |
| 10 |
Current Loan Status |
R |
Character |
2 |
110-111 |
Values: G, R, F, I, Q, PB, PO, EP |
| 11 |
Effective date of loan status |
R |
Date |
8 |
113-120 |
YYYYMMDD |
| 12 |
Actual Graduation/Separation Date |
R |
Date |
8 |
122-129 |
YYYYMMDD |
| 13 |
Deferment Type |
R** |
Character |
2 |
131-132 |
Values: FT, IR, GF, PC, AC, AP, PP, CH, IH |
| 14 |
Repayment date |
R*** |
Date |
8 |
134-141 |
YYYYMMDD |
| 15 |
Current Repayment Plan |
R**** |
Character |
1 |
143-143 |
G'Graduated, I'Income Sensitive, L'Level |
| 16 |
Current Outstanding Loan Balance |
R |
Number |
9 |
145-153 |
999999.99 |
| 17 |
Current Principal Balance |
R |
Number |
9 |
155-163 |
999999.99 |
| 18 |
Current Monthly Payment Amount |
R |
Number |
7 |
165-171 |
9999.99 |
| 19 |
Current Interest Rate |
R |
Number |
6 |
173-178 |
99.999 |
| 20 |
# of Days Delinquent/Past Due |
R |
Number |
4 |
180-183 |
9999 |
| 21 |
Refinanced Loan Y or N |
R |
Character |
1 |
185-185 |
Y'Yes and N'No |
| 22 |
Borrower's street address (home)-1st |
R |
Character |
60 |
187-246 |
Street Number and Name |
| 23 |
Borrower's street address (hm)- 2nd |
O |
Character |
60 |
248-307 |
Street Number and Name |
| 24 |
Borrower's city (home) |
R |
Character |
30 |
309-338 |
City |
| 25 |
Borrower's state (home) |
R |
Character |
2 |
340-341 |
State |
| 26 |
Borrower's zip code (home) |
R |
Number |
9 |
343-351 |
Can be either 5 or 9 digits. No dashes. |
| 27 |
Borrower's country (home) |
R |
Character |
25 |
353-377 |
XXXXXXXXXXXXXXXXXXXXXXXXX |
| 28 |
Borrower's phone number (home) |
R |
Number |
10 |
379-388 |
9999999999 |
| 29 |
Borrower's e-mail address |
O |
Character |
50 |
390-439 |
Email Address |
| 30 |
Borrower's street address (bus.)-1st |
O |
Character |
60 |
441-500 |
Street Number and Name |
| 31 |
Borrower's street address (bus.)- 2nd |
O |
Character |
60 |
502-561 |
Street Number and Name |
| 32 |
Borrower's city (business) |
O |
Character |
30 |
563-592 |
City |
| 33 |
Borrower's state (business) |
O |
Character |
2 |
594-595 |
State |
| 34 |
Borrower's zip code (business) |
O |
Number |
9 |
597-605 |
Can be either 5 or 9 digits. No dashes. |
| 35 |
Borrower's country (business) |
O |
Character |
25 |
607-631 |
XXXXXXXXXXXXXXXXXXXXXXXXX |
| 36 |
Borrower's phone number (business) |
O |
Number |
10 |
633-642 |
9999999999 |
| 37 |
Filler |
R |
58 |
643-700 |
Space characters |
|
| R'Required |
||||||
| O'Optional, report when data is available |
||||||
| * If reporting SSN change, then "required" on all loan records for the borrower reported on this tape. |
||||||
| ** Required only when loan status is a "I" or "Q". |
||||||
| *** Required except when submitting statuses of "G" or "I". |
||||||
| **** Required for all loan statuses except "G" or "I". |
| HEAL Borrower Loan Status Update Report Acceptance Transaction ReportBorrower Loan Status Updates Received From Holder (XXXXXX), Servicer (XXXXXX) |
| File Name ' XXXXXXX Received Date ' XXXXXXXX Processed Date ' XXXXXXXX |
| HEAL Loan ID SSN Last Name First Name Middle Initial Holder ID Servicer ID |
HEAL Borrower Loan Status Update ReportSummary Transaction ReportBorrower Loan Status Updates Received From Holder (XXXXXX), Servicer (XXXXXX) File Name' xxxxxxx Received Date' xxxxxxxxxxxxx Processed Date' xxxxxxxxx |
|||||||||
| Number of Records Received ' |
|
||||||||
| Number of Records Passing Edit |
|||||||||
| Number of Records Failing Edit ' |
|||||||||
| If you have any questions or problems, please contact your HEAL representative at DHHS at (301) 443-1540. Please refer to the File Name #, Received Date, and Processed Date displayed in the report header in all correspondence with the HEAL Program. |
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Bureau of Health Professions
To: Lenders and Schools Participating in the Health Education Assistance Loan (HEAL) Program
Subject: Maximum
HEAL Interest Rates for the Quarter Ending March 31, 2001.
Lender Policy Memorandum L-2001-2
Section 60.13 (a) (4) of the HEAL Regulations requires the Secretary of Health and Human Services to announce the maximum quarterly interest rate in effect for HEAL loans.
For loans made before January 27, 1981, the variable interest rate is 9 3/4 percent .
For variable rate loans executed on or before January 27, 1981 through October 21, 1985, the interest rate is 9 3/4 percent .
For fixed rate loans executed during the period January 1, 2001 through March 31, 2001, and for variable rate loans executed on or after October 22, 1985, the interest rate is 9 1/4 percent .
The average bond equivalency rate for 91-day U.S. Treasury Bills during the period October 1, 2000 through December 31, 2000 was 6.23 percent .
We have enclosed HEAL quarterly interest rates for the last four quarters. Interest rates since the inception of the program are available upon request.
If you have any questions regarding the HEAL interest or Treasury Bill rates, please do not hesitate to contact Ms. Sarah Moore at (301) 443-0603.
Stephen J. Boehlert
Associate Division Director, HEAL
Division of Student Assistance
