### Question
How does Student Loans define defaulted principal amount outstanding?


### Answer
Under *42 U.S.C. § 297a*, **defaulted principal amount outstanding** is defined as:

> the total amount borrowed from the loan fund of a school that has reached the repayment stage (minus any principal amount repaid or cancelled) on loans—


(i) repayable monthly and in default for at least 120 days

#### Citation:
  - *42 U.S.C. § 297a*
  - Heading: **CHAPTER 6A-PUBLIC HEALTH SERVICE > SUBCHAPTER VI-NURSING WORKFORCE DEVELOPMENT > Part E-Student Loans**

