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<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.
<strong>FDLP</strong> – The William D. Ford Federal Direct Loan Program, a federal student loan program through which the U.S. Department of Education loans money directly to students and parents rather than having the loans funded by private lenders, as in the case of the FFEL Program.
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Islamic economics (BO)<br />A study of the economic teachings of Islam and an Islamic critique of modem Western economic theory and policy. Its central themes include the idea that property is to be held in trust for God, that economic activity should have social objectives, that the return to capital should only be a reward for risk taking and that the quality aspects of economic growth should be considered. There is a distinctive Islamic contribution to taxation, comparative economic systems, co-operatives, income distribution, business cycles,
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