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<strong>Hold/release code (H/R code)</strong> – Within CommonLine file specifications, an “H” may be used to indicate a hold on a disbursement and an “R” indicates a status of “release.” This transaction is located within the @1-09 record.
final income (E2)<br />The amount of disposable income available to a household for expenditure and saving. It is measured as gross earnings minus taxation and social security contributions plus housing benefits and transfers.
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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>SLCS</strong> – Student Loan Counseling Services, a company with which the MDHE contracts for default aversion assistance services.
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