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<strong>R2T4</strong> – Return to Title IV aid calculation used to determine the portion of aid funds delivered that need to be returned after a student withdraws from school.

MFA distorts the pattern of world trade as it impedes the expansion of low-cost producers. The MFA's effects have been to raise the cost of clothing and the profits of domestic producers in developed countries. It has curbed the exports of developing countries but has encouraged a shift to higher quality products amongst the established Third World producers. In the URUGUAY ROUND it was agreed to phase out MFA quotas over ten years.<br /> <br /><em>Reference</em><br />Choi, Y.-R., Chung, H.S. and Marian, N. (1985) The Multi-Fibre Arrangement in Theory and Practice, London: Pinter.

first-price auction (D4)<br />A method of selling whereby the buyers submit sealed written bids with the item going to the highest bidder. This method is used weekly by the US Treasury when it issues its short-term securities, and also by Scottish solicitors for the sale of houses.<br /><em>See also:</em> auction

<strong>FSA Handbook</strong> – Federal Student Aid Handbook, a guide to administering the Title IV financial aid programs, published annually by the U.S. Department of Education.
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