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<strong>MOHELA</strong> – Missouri Higher Education Loan Authority, Missouri' s designated FFELP secondary market. MOHELA, a non-profit quasi-governmental entity, originates, disburses, services, and purchases FFELP and private loans. Additionally, MOHELA provides Missouri students with significant repayment benefits, including deeply discounted interest rates when the MDHE is the guarantor. MOHELA was created more than 20 years ago and is headquartered in Chesterfield, Missouri. May be found on the world wide web at
www.mohela.org.
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<strong>Master Promissory Note (MPN)</strong> – A common form that allows a student or parent to borrow multiple loans for multiple academic years and providing repayment obigations information (rights and responsibilities). A signed borrower MPN is required before student loan funds can be disbursed to the school.
& D = AR equilibrium, at a point of the AVERAGE cosT curve above the minimum, monopolistic competition is criticized for resulting in lower output and higher product prices AR average revenue MR marginal revenue <br /><em>See also:</em> concentration; AC average cost MC marginal cost than under perfect competition.<br /><em>See also:</em> excess capacity theorem <br /><em>Reference</em><br />Chamberlin, E.H. (1933) The Theory of Monopolistic Competition, Cambridge, MA: Harvard University Press.
<strong>Award Letter</strong> – Schools send award letters to students indicating the type(s) and amount(s) of financial aid awarded, or packaged, each year. Under 34 CFR 668.16(h), the school is required to provide information about the sources and amounts of aid offered.
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