Benefit General Information

The following table provides information regarding how the various data elements of the Benefit record are used within the CLM system.

Field Name

Purpose/Usage

Benefit Type

Identification/informational value.

Benefit Code

Identification/informational value.

Description

Identification/informational value.

Principal Credit Account

Principal Credit ledger account number. This is the ledger account to be used to credit any principal amounts that are written off or canceled.

Interest Credit Account

Interest Credit ledger account number. This is the ledger account to be used to credit any interest amounts that are written off or canceled.

Late Charge Account

Late Charge ledger account number. This is the ledger account to be used to credit any late charges that are written off or canceled.

Collection Charge Account

Collection Charge ledger account number. This is the ledger account to be used to credit any collection costs that are written off or canceled.

Other Credit Account

Other Credit ledger account number. This is the ledger account to be used to credit any "other" amounts written off or canceled.

Other Debit Account

Other Debit ledger account number. This is the ledger account to be used to debit any "other" amounts written off or canceled.

Total Debit Account

This is the ledger account to be used to debit the total amount written off or canceled (which is the sum of the credit amounts).

Late Charge Account

Late Charge ledger account number. This is the ledger account to be used to credit any late charges that are written off or canceled.

Collection Charge Account

Collection Charge ledger account number. This is the ledger account to be used to credit any collection costs that are written off or canceled.

Exit Repay Flag

If this value is set to "yes" ("Y"), it will extend the repayment begin date and give the borrower a 9-month grace period instead of the default benefit extension months.

Get OPEID Flag

Used when requesting In-school deferments. When this flag is set to "yes" ("Y"), the user will be prompted to enter the OPEID of the school the borrower is currently enrolled in, when requesting an In-school deferment. The OPEID value is found on the deferment application.

Max Months

The total number of months this benefit can be used.

Max Months Each Time

The total number of months this benefit can be used each time it is requested/granted.

Percentage Rate

Used when processing Cancellation requests. This is the allowable percentage that is employed each time the Cancellation benefit is applied. For example, the first 2 years may be cancelled at 15%, the next 2 years at 20%, and the final year at 30%.

Field Name	Purpose/Usage
Benefit Type	Identification/informational value.
Benefit Code	Identification/informational value.
Description	Identification/informational value.
Principal Credit Account	Principal Credit ledger account number. This is the ledger account to be used to credit any principal amounts that are written off or canceled.
Interest Credit Account	Interest Credit ledger account number. This is the ledger account to be used to credit any interest amounts that are written off or canceled.
Late Charge Account	Late Charge ledger account number. This is the ledger account to be used to credit any late charges that are written off or canceled.
Collection Charge Account	Collection Charge ledger account number. This is the ledger account to be used to credit any collection costs that are written off or canceled.
Other Credit Account	Other Credit ledger account number. This is the ledger account to be used to credit any "other" amounts written off or canceled.
Other Debit Account	Other Debit ledger account number. This is the ledger account to be used to debit any "other" amounts written off or canceled.
Total Debit Account	This is the ledger account to be used to debit the total amount written off or canceled (which is the sum of the credit amounts).
Late Charge Account	Late Charge ledger account number. This is the ledger account to be used to credit any late charges that are written off or canceled.
Collection Charge Account	Collection Charge ledger account number. This is the ledger account to be used to credit any collection costs that are written off or canceled.
Exit Repay Flag	If this value is set to "yes" ("Y"), it will extend the repayment begin date and give the borrower a 9-month grace period instead of the default benefit extension months.
Get OPEID Flag	Used when requesting In-school deferments. When this flag is set to "yes" ("Y"), the user will be prompted to enter the OPEID of the school the borrower is currently enrolled in, when requesting an In-school deferment. The OPEID value is found on the deferment application.
Max Months	The total number of months this benefit can be used.
Max Months Each Time	The total number of months this benefit can be used each time it is requested/granted.
Percentage Rate	Used when processing Cancellation requests. This is the allowable percentage that is employed each time the Cancellation benefit is applied. For example, the first 2 years may be cancelled at 15%, the next 2 years at 20%, and the final year at 30%.