D's

Default: Failure to repay a loan as agreed in the terms and conditions of the application and promissory note.

Dependent Student: Parental income and asset statistics are necessary when determining an Expected Family Contribution when a student doesn't meet the requirements as an independent student. Reference Subsidized Loan and SEE 'Independent student.'

Disability: When a person is no longer able to go to school, earn income, or work because of a health condition. The debtor is said to be temporarily disabled if the condition has been predetermined as short-ranged. When the condition is determined to, later on cause death, be never ending, or to last for a extended period of time, the person is then considered permanently disabled.

Disbursement: Funds are made available to students through this Financial Aid process which allows the student to receive funds immediately or through their account when needed for living and school expenses.

DRN - Data Release Number. A number appearing in the upper right hand corner of the Student Aid report, on the first page.

Due diligence: In regards to Financial Aid, this refers to a requirement set forth by the Federal Government that a lender, or owner of school loans exercises care and diligence in the servicing of that loan, in order to keep current the insurance against defaulted loans.

Go to Glossary, letter E.

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