Loan Summary Display

This section displays summary information for all loans that are associated with the borrower. The loans are presented in order by loan priority, loan name, and vintage. Additional loan detail information can be obtained by selecting a loan and using the Loan Detail function from the Loans Navigation Bar drop-down box.

The individual data elements that comprise each loan summary line are described in the following table:

Field Name

Description

Checkbox

Used to select specific loan(s) for use in conjunction with a Loan-based function. An individual loan can be selected by clicking in the box on the appropriate loan summary line. All loans can be selected by clicking the master checkbox located in the Loan Summary Display header line.

Loan Name

Established via information contained in the NOTES table at the time the loan was originated.

Loan Sub Name

Established via information contained in the NOTES table at the time the loan was originated.

Campus

Campus Code. Established via the loan origination process.

Status

Loan status. See Loan Status Codes for more information.

Cohort Indicator

Has a value of "C" if the loan went into repayment during the previous fiscal year. Otherwise, this value is blank.

Payment Due Date

Next scheduled payment due date, as determined by the Payment Frequency.

Last Paid Date

The date the last payment was applied.

Interest Rate/Amount

The displayed value is the Interest Rate if it is accompanied by a "%" character, the Interest Amount if it is accompanied by a "$" character.

Number of Installments Past Due

Calculated by the CLM system. The displayed value indicates how many scheduled payments are past due.

Number of Installments Currently Due

This value will indicate if a payment is due (1) , or if no payment is currently due (0).

Partial Payment Received

If the last payment applied to the loan was not sufficient to cover the scheduled payment amount due, the amount applied is shown here.

Payment Amount

Scheduled payment amount due, as described in the Payment Plan established for the loan. The amount is comprised of both principal and interest.

Original Amount

The original principal amount (disbursed amount) for the loan.

Principal Balance

The amount of the loan that remains to be paid.

Loan Payoff Amount

Loan Payoff value, calculated through the displayed Payment Date.

Interest Amount Due

System-calculated amount that reflects the Payment Plan established for the loan. Can be a fixed amount or a percentage of the installment amount. Calculated through the displayed Payment Date.

Interest Balance

System-calculated amount that reflects the unpaid Interest Balance.

Late Fees

System-calculated amount that reflects the Payment Plan established for the loan. Can be a fixed amount or a percentage of the installment amount. Calculated through the displayed Payment Date.

Collection Fees

System-calculated amount that reflects the Payment Plan established for the loan. Can be a fixed amount or a percentage of the installment amount. Calculated through the displayed Payment Date.

Payment Due

System-calculated amount that is the sum of all due Pay Plan Amounts, Late Fees and Collection Fees.

The background color that is used to display the loan summary information provides an indication of how overdue/delinquent a particular loan is, as follows:

Background Color

Meaning

Black

Loan is current

Orange

Loan has 1 to 4 installments past due (based on payment frequency)

Red

Loan has 5 or more installments past due (based on payment frequency).

Accounts that have a payment term of "Accelerated" or "Balance Due In Full" will always be displayed with a red background color.

Field Name	Description
Checkbox	Used to select specific loan(s) for use in conjunction with a Loan-based function. An individual loan can be selected by clicking in the box on the appropriate loan summary line. All loans can be selected by clicking the master checkbox located in the Loan Summary Display header line.
Loan Name	Established via information contained in the NOTES table at the time the loan was originated.
Loan Sub Name	Established via information contained in the NOTES table at the time the loan was originated.
Campus	Campus Code. Established via the loan origination process.
Status	Loan status. See Loan Status Codes for more information.
Cohort Indicator	Has a value of "C" if the loan went into repayment during the previous fiscal year. Otherwise, this value is blank.
Payment Due Date	Next scheduled payment due date, as determined by the Payment Frequency.
Last Paid Date	The date the last payment was applied.
Interest Rate/Amount	The displayed value is the Interest Rate if it is accompanied by a "%" character, the Interest Amount if it is accompanied by a "$" character.
Number of Installments Past Due	Calculated by the CLM system. The displayed value indicates how many scheduled payments are past due.
Number of Installments Currently Due	This value will indicate if a payment is due (1) , or if no payment is currently due (0).
Partial Payment Received	If the last payment applied to the loan was not sufficient to cover the scheduled payment amount due, the amount applied is shown here.
Payment Amount	Scheduled payment amount due, as described in the Payment Plan established for the loan. The amount is comprised of both principal and interest.
Original Amount	The original principal amount (disbursed amount) for the loan.
Principal Balance	The amount of the loan that remains to be paid.
Loan Payoff Amount	Loan Payoff value, calculated through the displayed Payment Date.
Interest Amount Due	System-calculated amount that reflects the Payment Plan established for the loan. Can be a fixed amount or a percentage of the installment amount. Calculated through the displayed Payment Date.
Interest Balance	System-calculated amount that reflects the unpaid Interest Balance.
Late Fees	System-calculated amount that reflects the Payment Plan established for the loan. Can be a fixed amount or a percentage of the installment amount. Calculated through the displayed Payment Date.
Collection Fees	System-calculated amount that reflects the Payment Plan established for the loan. Can be a fixed amount or a percentage of the installment amount. Calculated through the displayed Payment Date.
Payment Due	System-calculated amount that is the sum of all due Pay Plan Amounts, Late Fees and Collection Fees.

Background Color	Meaning
Black	Loan is current
Orange	Loan has 1 to 4 installments past due (based on payment frequency)
Red	Loan has 5 or more installments past due (based on payment frequency). Accounts that have a payment term of "Accelerated" or "Balance Due In Full" will always be displayed with a red background color.