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<strong>LLR</strong> – Lender of Last Resort, a student loan lender that agrees to make Stafford Loans to qualified students, regardless of the type of school, school' s CDA, etc. The MDHE offers an LLR program for Missouri students.
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balanced growth (04)<br />1 Growth of different sectors of an economy at the same rate. This has been advocated by many development economists as a strategy. Ragna r Nurske propounded the view that growth should take the form of the co-ordinated and simultaneous application of capital to a wide range of industries so that the national economy would not be a mixture of expanding, declining and stationary sectors.<br /> 2 Steady state growth such that the real variables of the economy, including output and employment, grow at the same positive rates.<br /> <br /><em>Reference</em><br />Rosenstein-Rodan, P.N. (1943) 'Problems of industrialization of Eastern and south-eastern Europe', Economic Journal 53: 202-11.
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<strong>Subrogation</strong> – A transfer in the ownership of a defaulted FFEL Program loan from a guarantor to the U.S. Department of Education. Loans to be subrogated are determined by established federal criteria, revised annually by DE.
<strong>NATTS</strong> – National Association of Trade and Technical Schools.
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