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<strong>DFee</strong> – Default Fee, a fee required by the Deficit Reduction Act of 2005. All Stafford and PLUS Loans guaranteed on or after July 1, 2006 must be assessed a one percent fee. The fee either must be deducted from the borrower' s loan proceeds at the time of disbursement or paid by a third party from other non-federal sources (such as a lender or servicer). This fee is also referred to as FDF.
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generational accounting (H6)<br />The construction of accounts showing the taxes paid less transfer payments received over a person's lifetime in order to execute long-term fiscal planning and analysis. Lifetime net fiscal burdens are calculated by summing the net taxation of all generations living at a point in time. In most major OECD countries, often in central banks or treasuries, these accounts are produced. This analysis examines the fiscal burden on future generations created by current policies to see if they are sustainable and achieving a balance in the fiscal burden between generations. At the end of the 1990s the USA, Germany and Japan had serious generational imbalances.<br /> <br /><em>Reference</em><br />Kotlikoff, L.J. (1992) Generational accounting, New York: Free Press. generative city (R1)<br />A city whose existence and growth are a major cause of the growth of a region. The best example in most countries is the capital city.<br /><em>See also:</em> parasitic city
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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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