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<strong>Access Missouri</strong> – A Missouri state need-based financial aid program administered by the MDHE through the FAMOUS system. This program was newly implemented as of August 28, 2007 and replaced both the Charles Gallagher Grant as well as the College Guarantee program. More information is available at: http://studentaid.ed.gov/PORTALSWebA...sp?tab=funding.
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<strong>Accrued interest</strong> – Each day interest is calculated on the unpaid principal balance of a loan and increases (accrues). Interest accrues on a subsidized Stafford Loan after the grace period is completed and the borrower enters repayment. For unsubsidized Stafford, parent PLUS, and Grad PLUS Loans, on the other hand, interest begins to accrue after the first disbursement of the loan.
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common resource problem (QO)<br />The difficulty of assigning to a particular user the cost of using a resource available to several users.
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