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<strong>HEA</strong> – the Higher Education Act of 1965, as amended, which created the federal student aid programs.
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Luxemburg effect (F2)<br />The causal relationship between the flow of money capital and the flow of capital goods from a metropolis to colonies or other satellites. Rosa LUXEMBURG asserted that this could assume different forms including loans between states, PORTFOLIO INVESTMENT in foreign-owned enterprises and direct investment in overseas subsidiaries. The metropolis benefits from this in that the money flows generate a demand for its capital goods and the repayment of loans by satellites forces them into economic dependence.
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<strong>DL</strong> – Direct Loan Program, a federal student loan program through which the U.S. Department of Education loans money directly to students and parents rather than having the loans funded by private lenders, as in the case of the FFEL Program. Direct lending is codified in federal regulations within 34 CFR 685.
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