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multicollinearity (C1)<br />The state of an econometric relation such that some or all of the explanatory variables are highly correlated with each other.<br /><em>See also:</em> autocorrelation
<strong>Default</strong> – Occurs when the borrower fails to make FFEL Program loan payments for 270 days or more or when the borrower fails to meet other terms of the promissory note.
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