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picketing (J5)<br />Verbal or physical persuasion of workers not to enter the premises of a firm where there is an INDUSTRIAL DISPUTE. In the UK, only peaceful picketing to convey information by no more than six pickets assembled is legal.
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demand management (E5, H3) Discretionary changes in national MONETARY and FISCAL POLICIES attempting to change the JeveJ of AGGREGATE DEMAND. Under the influence of KEYNESIANISM such policies were very popular in the 1950s and 1960s. However, some critics of demand management have asserted that frequent changes destabilized the economy.<br /><em>See also:</em> fine-tuning
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state monopoly capitalism (P2)<br />A type of economic system, particularly the SOVIET-TYPE ECONOMY, in which the state owns all the means of production (except for a few minor services and agricultural enterprises) and exploits scale economies by running each branch of production as a state-owned monopoly. MARX regarded such a stage of economic development as the prelude to full communism when the state itself would wither away.<br /><em>See also:</em> monopoly capitalism <br /><em>Reference</em><br />Cowling, K. (1982) Monopoly Capitalism, London: Macmillan.<br /> Fine, B. and Martin, A. (1984) Macroeco- nomics and Monopoly Capitalism, Brighton: Wheatsheaf.

<strong>Federal Family Education Loan Program (FFELP)</strong> – Federal student loans that were authorized by Title IV, Part B, of the Higher Education Act of 1965, as amended. FFEL Program loans are funded by private lenders and are guaranteed by state agencies or other non-profit organizations. FFEL Program loans include Federal Stafford (subsidized and unsubsidized), Federal PLUS (for parents or for graduate/professional students), and Federal Consolidation Loans.

<strong>Dependent student</strong> – A student who does not meet the eligibility requirements for an independent student under section 480(d) of the Higher Education Act of 1965.

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Harrod-Domar model (04)<br />A major model of economic growth independently asserted by both HARROD and Domar in 1948 . It uses the concepts of the NATURAL RATE OF GROWTH and the WARRANTED RATE OF GROWTH.<br /> <br /><em>Reference</em><br />Domar, E_D. (1957) Essays in the Theory of Economic Growth, PP- 70-82, New York: Oxford University Press.

financial deepening (G2)<br />An increase in the ratio of financial assets to REAL ASSETS. This Will depend on the number and range of financial institutions and household savings.

interdependent economy (PO)<br />An ECONOMY with close trading links with another economy.<br /><em>See also:</em> open economy
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<strong>IPEDS</strong> – Integrated Postsecondary Education Data System, an annual report filed by postsecondary educational institutions to the U.S. Department of Education. IPEDS data is submitted to the National Center on Education Statistics (NCES).

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<strong>Treasury Offset</strong> – The withholding of a borrower' s federal Treasury payments, such as federal tax refunds, veteran' s benefits, and social security benefits, to repay a defaulted student loan.
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Lloyd's (G2)<br />London insurance market founded in the coffee house of Edward Lloyd in 1688. It consists of underwriting members with unlimited liability for the risks they have underwritten and non-underwriting members. Syndicates of underwriters are responsi ble for most of the risk. Originally, Lloyd's was concerned with marine insurance but it has diversified its interests to fire, accident, motor and aviation insurance. Lloyd's Agents throughout the world and the Lloyd's List provide crucial information for the insurance industry. Although based in the UK, Lloyd's has long done most of its business with US insurance companies.<br /><em>Reference</em><br />Hodgson, G. (1984) Lloyd's of London. A Reputation at Risk, London: Allen Lane and Viking Press.

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<strong>Reauthorization</strong> – The legislative process, generally carried out every five years for the Higher Education Act, whereby Congress reviews and either renews, terminates, or amends existing programs.

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<strong>Setting spending authority</strong> – The act of changing Bright Flight, Gallagher, and College Guarantee awards from estimated to actual in FAMOUS. Once spending authority is set, students' eligibility statuses are frozen and schools can begin requesting disbursements and award amounts.

affinity card (G2)<br />A CREDIT CARD linked with a charity that receives donations in proportion to the amount spent by the user of that card.

Corn Laws (N4, N5)<br />The series of English laws dating from the reign of Edward IV which protected English agriculture by imposing tariffs on the import of corn to maintain its price; also export bounties (subsidies) were granted to farmers. CLASSICAL ECONOMISTS such as SMITH objected to this interference with

Feldstein, Martin, 1939- (B3)<br />US economist who is an authority on public finance and welfare policies. He was educated at Harvard and Oxford Universities, returning to the former to be professor of economics from 1967. His quantitative work on fiscal programmes has shown their effect on employment and investment and interaction with macroeconomic policy. He became president of the influential NATIONAL BUREAU FOR ECONOMIC RESEARCH in 1977.
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<strong>SAP</strong> – Satisfactory Academic Progress. To remain eligible for most types of financial aid, the student must maintain satisfactory academic progress as defined by the school.

<strong>HT</strong> – Half Time, an enrollment status indicating the student is carrying an academic workload, as determined by the school, that is more than half time but less than full time.
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