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<strong>Disbursement</strong> – 1) The transfer of loan funds by the lender to the school or escrow agent. (Note: under limited circumstances, a lender may also disburse funds directly to the borrower.) For a Federal Consolidation Loan, disbursement occurs when loan proceeds are transferred from the consolidating lender to the current holder of the loan being consolidated, which pays the original loan in full. 2) For the state student assistance programs administered by the MDHE, disbursement is the transfer of grant or scholarship funds to the school, or in some instances, to the student. Disbursement to the school occurs via EFT or master check. Disbursement to a student occurs via individual check.
<strong>Late conversion</strong> – The scheduling of a FFEL Program borrower' s first payment due date beyond the normal regulatory time limits.
research programme (B4)<br />A cluster of interconnected theories constituting the principal ideas of a group of economists who have agreed on certain basic assumptions, e.g. NEW CLASSICAL ECONOMICS. Lakatos is particularly associated with this approach to economic methodology.<br /><em>See also:</em> economic methodology <br /><em>Reference</em><br />Lakatos, L and Musgrave, A. (eds) (1972) Criticism and the Growth of Knowledge, Cambridge: Cambridge University Press.
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