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<strong>Special allowance</strong> – A percentage of the daily average unpaid principal balance paid to a lender by the U.S. Department of Education on eligible FFEL Program loans. Special allowance is only paid when the regulatory maximum student loan interest rate is below market rates.
Medium-term Financial Strategy (E6, H5)<br />The UK policy for public borrowing and monetary growth first announced in May 1979 for the period 1979-E4. Originally, it was argued that announcing the government's strategy gave everyone in the economy a firm basis for expectations. However, increasingly in the 1970s, the strategy became a looser statement of intent. It continued to be published annually in the UK budget report as a set of targets for public borrowing and monetary growth<br /><em>See also:</em> Red Book
<strong>Application</strong> – 1) The paper form or the information provided online/electronically to initiate a FFEL Program loan. Electronic versions of the application include MODEL Direct, CommonLine application send files, etc. 2) An eligibility determination for the state student assistance programs administered by the MDHE.
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