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<strong>Subrogation</strong> – A transfer in the ownership of a defaulted FFEL Program loan from a guarantor to the U.S. Department of Education. Loans to be subrogated are determined by established federal criteria, revised annually by DE.
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<strong>NASFAA</strong> – National Association of Student Financial Aid Administrators.
<strong>Monetary adjustments</strong> – Term used within MODEL Direct for change transactions impacting a disbursement such as increasing or decreasing the certified loan amount, reducing or canceling a disbursement, etc.
carbon sink (Q2)<br />An a rea with trees and plants which has been created to absorb carbon dioxide. This has been proposed to reduce global wa rming.
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