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<strong>Administrative forbearance</strong> – A temporary suspension, reduction, or time extension for making principal and/or interest payments on a FFEL Program loan. During any period of forbearance, interest continues to accrue on the loan.
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error-correction model (C5)<br />An econometric method of adjusting a policy instrument to keep a target variable close to its desired value used as early as 19 54 by PHILLIPS.<br /> <br /><em>Reference</em><br />Salmon, M. (1982) 'Error correction me- chanisms', Economic Journal92: 615-29.
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<strong>Repayment start date</strong> – the date the repayment period begins. For Stafford Loans, the repayment period begins on the day following the last day of the grace period. For PLUS Loans, repayment begins on the date the loan is fully disbursed. (PLUS Loans are, however, eligible for an in-school deferment when the borrower is enrolled at least half time.)
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