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National Income and Product Accounts (EO)<br />The national income accounts of the USA which began in 1947; earlier estimates had been produced by the US Department of Commerce with the advice of KUZNETS but they lacked an expenditure breakdown of the national product. The need for better economic information in the Second World War prompted the creation of this new accounting framework. The new accounts had the aims of providing a consistent and interrelated system, improving statistical procedures for estimating all series using the latest data and incorporating changes in basic aggregates to make the definitions used more useful.<br /> The basic table is
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<strong>Package</strong> – Schools award, or “package,” student aid for each year for students. Once the aid is packaged, schools send award letters to students indicating the type(s) and amount(s) of financial aid awarded for 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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<strong>NASSGAP</strong> – National Association of State Student Grant and Aid Programs.
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