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<strong>Fixed rate</strong> – An interest rate that is fixed at the time the loan is obtained (as opposed to a variable rate, which may change at specific times or based on specific indicators). As of July 1, 2006, interest rates on FFEL Program loans are fixed, replacing the variable rate loans that existed prior to that date.
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new political economy (DO, EO)<br />A school of economics which attempts to demonstrate that actual economic policies are determined by a political mechanism. Income distribution and the nature of political institutions are especially emphasized. GAME THEORY, PRINCIPAL AGENT, TRANSACTIONS COSTS and the POLITICAL BUSINESS CYCLE are all used as tools of analysis.<br /><em>Reference</em><br />Drazan, A. (2000) Political economy in macroeconomics, Princeton, NJ: Princeton University Press.<br /> Persson, T. and Tabellini, G. (2000) Political Economy: Explaining Economic Policy, Cambridge, MA: MIT Press.
<strong>Publications Order Form</strong> – The MDHE makes available, free of charge, a variety of publications to assist in providing financial aid officers and students with information about financial assistance, debt management, and default prevention. More information is available at:
http://www.dhe.mo.gov/publicationsorderform.shtml.
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<strong>Out of school date (OSD)</strong> – The date the student ceases to be enrolled at least half time. An OSD may also be referred to as the last date of attendance (LDA) or, if the student completed the program of study, the actual graduation date.
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