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<strong>WIA</strong> – Workforce Investment Act, a student financial aid program administered by the Missouri Department of Economic Development, formerly known as the Job Training and Partnership Act (JTPA).
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<strong>Proration</strong> – A reduction of the standard annual loan limit for an undergraduate student if the student' s program or remainder of the program is less than a full academic year in length.
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council tax (H2)<br />UK local property tax introduced in 1991 as a replacement of the coMMUNITY CHARGE. Poorest households are exempted from it; other households are assessed on the assumption that two adults live in the household (a single person would have a rebate of 25 per cent). The value of each property is placed within one of seven bands, which are defined differently for England, Scotland and Wales.
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<strong>Award</strong> – Schools award, or “package,” student aid for each year for students. Once the aid is awarded, schools send award letters to students indicating the type(s) and amount(s) of financial aid awarded for the year. (Under 34 CFR 668.16(h), the school is required to provide information about the sources and amounts of aid offered.) The financial aid award may also be referred to as the “financial aid package.”
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high-technology industry (L6, 03)<br />An INDUSTRY, usually CAPITAL INTENSIVE, requiring a high level of RESEARCH AND DEVELOPMENT to maintain its international standing. Leading examples are the aerospace, pharmaceutical and computer industries.
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<strong>DAA</strong> – Default Aversion Assistance, assistance provided to a lender by the guarantor in order to prevent a delinquent loan from defaulting. A lender must submit a DAA request (DAAR) to the MDHE when a borrower is more than 60 days delinquent on a student loan.

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<strong>Encryption</strong> – A process by which data is translated into a proprietary code (algorithm) so that it can only be read or altered by an entity that possesses the keys to decipher (decrypt) the code. There are two types of encryption: symmetric (private key) and asymmetric (public key).

of Money, Chicago: University of Chicago Press.<br /> - (1957) A Theory of the Consumption Function: A Study by the National Bureau of Economic Research, New York, Princeton, NJ: Princeton University Press.<br /> - (1982) Capitalism and Freedom, Chicago and London: University of Chicago Press.<br /> Friedman, M. and Schwartz, A.E (1963)<br />Monetary History of the United States, 1867-1960, Princeton, NJ: Princeton University Press.<br /> - (1982) Monetary Trends in the United States and the United Kingdom: Their Relation to Income, Prices and Interest Rates 1867-1975, Chicago: University of Chicago Press.<br /> Thygessen, N. (1975) 'The scientific contributions of Milton Friedman', Scandinavian Journal of Economics 79: 56-98.

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merchant capitalism (NO, PI )<br />An economic system consisting of wholesalers who advance funds to manufacturing workers to produce goods for the merchants' ma rket. This stage of economic development was succeeded by INDUSTRIAL CAPITALISM.

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<strong>Electronic Data Exchange (EDE)</strong> – Federal system used by schools to administer the Federal Pell Grant Program and the direct loan program.

<strong>MSGP</strong> – Missouri Student Grant Program. Original name for the Charles Gallagher Student Financial Assistance Program, which was discontinued after the 2006-07 academic year and replaced by Access Missouri on August 28, 2007.
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compensating wage differential (J3)<br />A differential in wages or salaries created to compensate for a poor job attribute, e.g. a health hazard or variability of earnings. Firms grant these differentials to enable them to retain staff in undesirable jobs and to recruit new workers.
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material balance (E1)<br />The balance of demand and supply for a particular class of commodities. This balancing was a central feature of planning techniques in the Soviet-type economy. If there is excess demand when expected supply has been calculated, the planners can recommend the importation of extra quantities of the scarce resource or cut down the amounts requested by subordinate organizations.
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<strong>GEN</strong> – General Dear Colleague Letter.

spatial duopoly (Rl)<br />Two firms located at different places competing for the same group of dispersed customers.
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endogenizing the exogenous (E1)<br />The inclusion in an economic model of something previously regarded as given. Classical economists, for example, regarded FULL EMPLOYMENT as given, whereas KEYNES included it as a variable in his model of the national economy. Expectations were often regarded as given but now many economic models include them.<br /><em>See also:</em> endogenous variable; exogenous variable

<strong>Cost less aid</strong> – A figure calculated by deducting all financial assistance the student has been or will be awarded for the loan period from the cost of attendance for that same loan period.
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market anti-inflation plan (E3)<br />A proposal to keep the general price level stable but individual prices flexible by a system created by legislation which would issue sales rights to firms. These rights would equal current net sales at pre-existing prices, corrected for changes in a firm's capital and labour inputs and the average growth in national productivity. Relative prices could change by a firm buying sales rights unused by other firms. See also: incomes policy; Lerner; prices policy<br /><em>Reference</em><br />Lerner, A.P and Colander, D.C. (1980) MAP: A Market Anti-inflation Plan, New York: Harcourt Brace Jovanovich.

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