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invisible foot (D3)<br />A reduction in redistribution caused by political competition. Invisibility comes about because of the difficulties of observation, quantification and measurement. An example of an invisible foot would be the movement of people between locations to obtain a better mix of taxes and public expenditure, thereby invisibly creating an efficient resource allocation.<br /><em>See also:</em> fiscal mobility; Tiebout hypothesis
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<strong>School Certification Request (SCR) process</strong> – Optional process within CommonLine file specifications whereby a C record type is generated in application send files in response to a borrower-initiated application process. With the SCR process, the application send file is sent to the school for certification after the borrower has completed his/her part of the process, including passing any required credit check.
<strong>FFEL Program</strong> – The Federal Family Education Loan Program loans that were authorized by Title IV, Part B, of the Higher Education Act of 1965, as amended. FFEL Program loans are funded by private lenders and are guaranteed by state agencies or other non-profit organizations. FFEL Program loans include Federal Stafford (subsidized and unsubsidized), Federal PLUS (for parents or for graduate/professional students), and Federal Consolidation Loans.
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