<table>
<colgroup>
<col style="width: 11%" />
<col style="width: 3%" />
<col style="width: 3%" />
<col style="width: 13%" />
<col style="width: 0%" />
<col style="width: 19%" />
<col style="width: 1%" />
<col style="width: 7%" />
<col style="width: 3%" />
<col style="width: 8%" />
<col style="width: 12%" />
<col style="width: 14%" />
</colgroup>
<thead>
<tr class="header">
<th colspan="12"><strong>Date of Outstanding Principal
Balance</strong></th>
</tr>
</thead>
<tbody>
<tr class="odd">
<td colspan="2"><strong>Loan Identifier:</strong></td>
<td colspan="2"><strong>History Kept:</strong></td>
<td colspan="3"><strong>Date Sequence Edit:</strong></td>
<td colspan="2"><strong>Type:</strong></td>
<td><strong>Size:</strong></td>
<td><strong>Position:</strong></td>
<td><strong>Field Code:</strong></td>
</tr>
<tr class="even">
<td colspan="2">No</td>
<td colspan="2">Yes</td>
<td colspan="3">No</td>
<td colspan="2">Date</td>
<td>8</td>
<td>245-252</td>
<td>283</td>
</tr>
<tr class="odd">
<td colspan="4"><strong>Description:</strong></td>
<td colspan="8">Date when Amount of Outstanding Principal Balance field
was last updated.</td>
</tr>
<tr class="even">
<td colspan="4"><strong>Comments:</strong></td>
<td colspan="8"><ul>
<li><p>Report the date of the most recent change in the principal
balance. The balance will change whenever there is a disbursement,
payment, cancellation, or other event affecting the principal
balance.</p></li>
<li><p>When a loan is closed, report the actual date when it was closed,
not the quarter or month end date. Once a loan is closed, the date
should not be changed again except to correct a reporting
error.</p></li>
<li><p>For Closed Loans, Date of Outstanding Principal Balance should
equal Date of Loan Status.</p></li>
<li><p>If a loan is paid in full by a cancellation, the Date of
Outstanding Principal Balance should equal Date of
Cancellation.</p></li>
</ul></td>
</tr>
<tr class="odd">
<td colspan="4"><strong>Part of Event Type:</strong></td>
<td colspan="8">Not part of an event.</td>
</tr>
<tr class="even">
<td colspan="4"><strong>Companion Field(s):</strong></td>
<td colspan="8"><ul>
<li><p>[Linked through edit]</p></li>
</ul>
<ul>
<li><p>Submittal (Extract) Date on Header (204)</p></li>
<li><p>Date of First Disbursement (225)</p></li>
<li><p>Amount of Outstanding Principal Balance (284)</p></li>
</ul>
<ul>
<li><p>[Linked through Event]</p></li>
</ul>
<ul>
<li><p>Amount of Outstanding Principal Balance (284)</p></li>
</ul></td>
</tr>
<tr class="odd">
<td colspan="4"><strong>Default Value / Use:</strong></td>
<td colspan="8">Must always be filled for loans. Use default value of
00000000 for grant overpayments.</td>
</tr>
<tr class="even">
<td colspan="4"><strong>Reporting:</strong></td>
<td colspan="8">Report in regular monthly update.</td>
</tr>
<tr class="odd">
<td><strong>Edit Level:</strong></td>
<td colspan="4"><strong>Verifies:</strong></td>
<td><strong>Error:</strong></td>
<td colspan="2"><strong>Error No.:</strong></td>
<td colspan="4"><strong>Error Message:</strong></td>
</tr>
<tr class="even">
<td>Domain-Level Error</td>
<td colspan="4">Must be a valid date (if not zeros).</td>
<td>Invalid date.</td>
<td colspan="2">1146</td>
<td colspan="4">Invalid Date of Outstanding Principal Balance.</td>
</tr>
<tr class="odd">
<td>Record-Level Error</td>
<td colspan="4">Date is provided.</td>
<td>Contains zeros.</td>
<td colspan="2">1109</td>
<td colspan="4">Date of Outstanding Principal Balance is required.</td>
</tr>
<tr class="even">
<td>Record-Level Error</td>
<td colspan="4">Date is not reported for grant overpayments.</td>
<td>Is not zeros.</td>
<td colspan="2">1321</td>
<td colspan="4">Date of Outstanding Principal Balance is not used for
Grants.</td>
</tr>
<tr class="odd">
<td>Record-Level Error</td>
<td colspan="4">Date of Outstanding Principal Balance is on or after
Date of First Disbursement.</td>
<td>Date of Outstanding Principal Balance is before Date of First
Disbursement.</td>
<td colspan="2">1414</td>
<td colspan="4">Date of Outstanding Prin Bal must be &gt; = Date of
1<sup>st</sup> Disbursement.</td>
</tr>
<tr class="even">
<td>Record-Level Error</td>
<td colspan="4">Date is not in the future. Only events that have
occurred should be reported.</td>
<td>Date of Outstanding Principal Balance is after Submittal (Extract)
Date.</td>
<td colspan="2">1415</td>
<td colspan="4">Date of Outstanding Prin Bal must be &lt;= Submittal
Date.</td>
</tr>
<tr class="odd">
<td>Load-Level Error</td>
<td colspan="4">For all open loans and any closed loans where Date of
Outstanding Principal Balance is not equal to Date of Loan Status, Date
of Outstanding Principal Balance must be on or after prior Date of
Outstanding Principal Balance</td>
<td>Date of Outstanding Principal Balance is before prior Date of
Outstanding Principal Balance</td>
<td colspan="2">1430</td>
<td colspan="4">Date of Outstanding Principal Balance may not precede
multiple, previously reported dates</td>
</tr>
<tr class="even">
<td>Load-Level Error</td>
<td colspan="4">For all open loans and any closed loans where Date of
Outstanding Principal Balance is not equal to Date of Loan Status, if
Date or Amount of Outstanding Principal Balance has changed, the Date of
Outstanding Principal Balance must be after any Date of Outstanding
Principal Balance that was first reported to NSLDS prior to the start of
the prior quarter.</td>
<td>Date of Outstanding Principal Balance is before any Date of
Outstanding Principal Balance that was first reported to NSLDS prior to
the start of the prior quarter.</td>
<td colspan="2">1431</td>
<td colspan="4">Based on time of reporting, later Date of Outstanding
Principal Balance is required</td>
</tr>
<tr class="odd">
<td colspan="3"><strong>Date Revised:</strong></td>
<td colspan="9"><strong>03-28-2005</strong></td>
</tr>
</tbody>
</table>