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<strong>Application</strong> – 1) The paper form or the information provided online/electronically to initiate a FFEL Program loan. Electronic versions of the application include MODEL Direct, CommonLine application send files, etc. 2) An eligibility determination for the state student assistance programs administered by the MDHE.
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<strong>Expected Family Contribution (EFC)</strong> – The amount the student or student' s family is expected to pay toward the student' s cost of attendance as a result of the Federal Need Analysis Methodology.
<strong>Term-based school</strong> – A school that uses standard academic terms, such as quarters, trimesters, or semesters.
jump (G1)<br />A sudden and unexpected fall, or even crash, in a financial market which cannot be hedged against.
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