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<strong>Trailer record</strong> – The ending portion of a CommonLine file. The trailer record contains a summary of the preceding records, including totals, and is used to verify transmissions. In CommonLine file specifications, the trailer record is documented as @T.
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<strong>EDE</strong> – Electronic Data Exchange, a federal system for institutions to electronically transmit, receive, and correct application data, package student awards, and transmit Federal Pell Grant and direct loan information.
<strong>Payment period</strong> – The basis on which a school must schedule and deliver disbursements for a particular loan period. A payment period is determined by the structure of the school' s academic program.
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