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<strong>Proportional proration</strong> – A required calculation used to determine the applicable 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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snake in the tunnel (F3)<br />The exchange rate regime constituting part of the SMITHSONIAN AGREEMENT and existing December 1971 to March 1973. The 'tunnel' was the permitted range of 4.5 per cent fluctuations around the dollar; the 'snake', the band of 2.25 per cent to which the participating currencies were confined at a particular time. It also applies to the EUROPEAN MONETARY SYSTEM'S currency movements since 1979.
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<strong>Gallagher grant</strong> – Missouri' s Charles Gallagher Student Financial Assistance Program, administered by the MDHE until the 2006-07 academic year and replaced by Access Missouri August 28, 2007.
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<strong>Entrance counseling</strong> – Counseling required to be provided by a school to its borrowers prior to delivering a student' s first disbursement associated with his or her first loan.
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