Loan

A Loan object provides the details fo a single student loan for a Borrower.

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Use LoanPayload for API POST requests
When creating Loans for Borrowers via the Create Loans API endpoint, you must supply loan details in the shape of a LoanPayload.
You will receive a Loan object in the API response.

Schema Definition

Property	Type	Format	Description
`account_number`	`string`		The `Borrower`'s account number for a Loan with a Servicer, if known.
`balance_entering_repayment`	`number`	`float`	The total `Loan` balance at the time a borrower first entered repayment.
`borrower_id`	`integer`	`int64`	The Payitoff ID of the `Borrower` this `Loan` belongs to.
`created_at`	`string`	`date-time`	A `DateTime` string indicating when this `Loan` was created.
`disbursement_dates`	`array`	`type: string` `format: date`	An array of dates on which funds were disbursed to a `Borrower`.
`external_id`	`string`		It is possible to create Loans using data fetched from third parties, such as Plaid's Liabilities endpoint. When doing so, we recommend providing any unique identifier, such as Plaid's `account_id` value in the `external_id` property to help you keep track of which Payitoff loans correspond to the loan info you retrieve from subsequent syncs with Plaid and other products.
`final_monthly_payment`	`number`	`float`	The amount of the final monthly payment.
`guarantor`	`string`		The entity who guarantees a loan will be paid in the event a student borrower defaults on the loan.
`id`	`integer`	`int64`	The Payitoff ID of this `Loan` object.
`idr_renewal_date`	`string`	`date`	The date on which an IDR plan requires income recertification.
`interest_rate`	`number`	`float`	The interest rate applied to a loan.
`loan_status`	`string`		The current status of a Loan (description or code). A complete list can be found on our Loan Statuses page.
`loan_status_history`	`object`		The history of loan status changes. Returns key-value pairs where the status change is the value and the date on which the status changed is the key.
`loan_type`	`string`		The type of loan. A complete list can be found on our Loan Types page.
`metadata`	`object`	`additionalProperties: true`	TODO
`monthly_payment`	`number`	`float`	The standard monthly payment over the course of the repayment term.
`original_principal`	`number`	`float`	Original principal balance when `Loan` entered repayment.
`origination_date`	`string`	`date`	The date the `Loan` was officially given to the borrower.
`outstanding_interest`	`number`	`float`	Total unpaid interest.
`outstanding_principal`	`number`	`float`	Total unpaid principal.
`periods_in_repayment`			How many months a Loan has been in repayment.
`pslf_cumulative_periods`	`integer`	`int32`	How many monthly payments have been made that count toward PSLF eligibility.
`repayment_begin_date`	`string`	`date`	The date a borrower first entered repayment. This date could be in the future (if borrower is currently a student) or in the past (if borrower is currently or has been in repayment).
`repayment_plan`	`object`	`RepaymentPlan`	An object describing the `Loan`'s Repayment Plan.
`repayment_plan_begin_date`	`string`	`date`	The date the `Loan` entered the current Repayment Plan.
`repayment_plan_type`	`string`		The type of Repayment Plan. This will be the `name` value of the associated `RepaymentPlan`.
`servicer_name`	`string`		The name of the financial institution servicing the loan, to whom the borrower makes monthly payments.
`total_cost`	`number`	`float`	With IDR plans, there is sometimes a "tax bomb" at the end of their repayment term—any outstanding balance is forgiven, but treated as taxable income. The `total_cost` field provides the sum of `total_paid` plus the taxes owed on that forgiven amount (which is calculated and provided in the `estimated_tax_liability` field). In other words, `total_cost` is the bottom line amount a borrower will pay to dispense of their loan on its current Repayment Plan.
`updated_at`	`string`	`date-time`	A `DateTime` string indicating when this `Loan` was last updated.
`ytd_interest_paid`	`number`	`float`	The total Year-to-Date interest paid.
`ytd_principal_paid`	`number`	`float`	The total Year-to-Date principal paid.

Example

{
  "account_number": null,
  "balance_entering_repayment": 25664.00,
  "borrower_id": 259,
  "created_at": "2021-02-17T23:25:23.667483Z",
  "disbursement_dates": null,
  "external_id": null,
  "guarantor": null,
  "id": 676,
  "idr_renewal_date": null,
  "interest_rate": 7.08,
  "loan_status": "In Repayment",
  "loan_status_history": {},
  "loan_type": "Direct Stafford Unsubsidized Loan",
  "metadata": {},
  "monthly_payment": 300.00,
  "original_principal": 20000.00,
  "origination_date": "2019-09-22",
  "outstanding_interest": 0.00,
  "outstanding_principal": 20000.00,
  "periods_in_repayment": 0,
  "pslf_cumulative_periods": null,
  "repayment_begin_date": null,
  "repayment_plan": {
    "description": "Standard Repayment Plan",
    "idr": false,
    "name": "Standard",
    "type": "standard"
  },
  "repayment_plan_begin_date": "2020-05-11",
  "repayment_plan_type": "Standard",
  "servicer_name": "Nelnet",
  "updated_at": "2021-02-17T23:25:23.667483Z",
  "ytd_interest_paid": null,
  "ytd_principal_paid": null
}