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<strong>Non-term-based institution</strong> – A school that measures its academic year in credit or clock hours rather than academic terms such as quarters or semesters.
<strong>Repayment period</strong> – The period during which payments of principal and interest are required. The repayment period follows any applicable in-school or grace period (for Stafford Loans) and excludes any period of authorized deferment or forbearance.
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<strong>Automated Clearinghouse (ACH)</strong> – An overnight method of transferring funds electronically via the Federal Reserve.
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economism (DO)<br />A taste for material success. To Marxists, economism amounts to pursuing intermediate economic goals instead of ulti-
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