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LoanType

Payitoff API: LoanType Schema

Schema Definition

Property

Type

Format

Description

code

string

The official federal code that indicates the type of a loan.

description

string

The official federal description of the type of a loan.

federal

boolean

Is this a federal loan?

guarantor

string

The institution who guarantees a loan will be paid in the event a student borrower defaults on the loan.

lender

string

The institution that originally funded a loan.

subsidized

boolean

Is this loan subsidized by the federal government?

sula_eligible

boolean

Is this loan SULA eligible?

Example

{
  "code": "D2",
  "description": "Direct Stafford Unsubsidized Loan",
  "federal": true,
  "guarantor": "Department of Education",
  "lender": "Department of Education",
  "subsidized": false,
  "sula_eligible": false
}

Click here for the complete list of possible Loan Type code & description values


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