Active loan: a loan on which disbursement is still being made.

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Such a conditioned approach to Western assistance to the Soviet Union and East bloc, like a step-by-step loan disbursement arrangements predicated on Moscow's performance toward publicly identified economic and political milestones, will not be unduly onerous if the Soviets are genuinely interested in promoting non-strategic commercial activity and similar developments within the civilian economy.

CENTERFORSECURITYPOLICY: US-Soviet Relations

In response, they clamp down on discretionary expenses when they are far away from a student loan disbursement date.

FORBES: Student Loans and the Spring Swoon