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<strong>Trailer</strong> – A term that comes at the end of the school' s SAY.
<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.
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lending rate (E4)<br />The RATE OF INTEREST on bank loans. It varies according to the type of customer. In the UK, major quoted companies are charged base rate plus 1 per cent, small companies base rate plus 2 per cent and personal borrowers base rate plus 5 per cent.
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