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<strong>Financial Aid Transcript (FAT)</strong> – An official record of federal financial aid a student has received at schools the student previously attended.
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<strong>Realtime</strong> – A system requirement that a program respond within a small amount of time, typically mili- or microseconds. In jargon, refers to doing something while someone is waiting or watching. The MDHE' s web loan delivery product, MODEL Direct, is a realtime product providing data directly from the MDHE' s FFEL Program database. Change transactions are also sent and posted realtime via MODEL Direct. The MDHE' s FAMOUS system is also a realtime product for administering the state grant and scholarship programs.
<strong>Notice of Loan Approval (NOLA)</strong> – A paper copy of the MDHE' s loan guarantee statement which schools may receive if profiled for this service.
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