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public sector debt repayment (H6)<br />UK budget surplus; a negative PUBLIC sEc. TOR BORROWING REQUIREMENT. A term coined by Chancellor of the Exchequer Nigel Lawson in his UK budget speech in March 1988.
<strong>Estimated need cutoff</strong> – The estimated need amount that students must demonstrate to qualify for the Gallagher and College Guarantee programs. The MDHE estimates the need cutoff each spring; the actual need cutoff is determined immediately prior to setting spending authority in FAMOUS.
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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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