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<strong>Statutory interest rate</strong> – The maximum annual interest rate under the Higher Education Act of 1965, as amended, that a lender may charge on a FFEL Program loan.
Monetary Policy Committee (UK) (E5) The committee set up in 1997 to set interest rates independently of the Treasury. It has the single task of maintaining a target rate of inflation set by the CHANCELWR OF THE EXCHEQUER. It has been noted for increasing the volatility of interest rates. Its narrow remit resembles New Zealand's rather than the US's comparable committee.
<strong>A+ Schools Program</strong> – A program administered by the Missouri Department of Elementary and Secondary Education (DESE) which provides paid tuition and fees as well as other financial incentives for students who fulfill needed requirements, graduate from a designated A+ high school and who attend a Missouri community college or vocational-technical school. More information is available at:
http://www.dese.mo.gov/divimprove/aplus/index.html.
<strong>Federal Family Education Loan Program (FFELP)</strong> – Federal student loans that were authorized by Title IV, Part B, of the Higher Education Act of 1965, as amended. FFEL Program loans are funded by private lenders and are guaranteed by state agencies or other non-profit organizations. FFEL Program loans include Federal Stafford (subsidized and unsubsidized), Federal PLUS (for parents or for graduate/professional students), and Federal Consolidation Loans.
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