2 3 5 A B C D E F G H I L M N P Q R S T U V W Y
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Borrower in Default

By law, the U.S. Department of Education considers a borrower in default when he fails to make on-time repayment of his loans for nine consecutive months. Default Avoidance Assistance for…

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Budget for Education

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The budget for education refers to the annual federal appropriation for education-related spending. It amounted to approximately $141 billion on education in fiscal year 2014. Calculating that figure is challenging, however. Federal…

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Budget Lifetime Default Rates

The Budget Lifetime Default Rate measures the anticipated default rate for Subsidized and Unsubsidized Stafford loans (unless otherwise noted) that entered repayment in a particular fiscal year over an estimated…

6 mins read

Budget Point of Order

Budget Point of Order refers to a procedural hurdle in Congress for spending or revenue bills. The Budget Point of Order Mechanism Decisions about spending, revenue and budget processes established…

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Budget Process

The federal budget process refers to the multiple processes involving the executive and legislative branches that outline federal expenditures and revenues for the upcoming fiscal year. The Budget and Accounting…

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Budget Reconciliation Points of Order

Several points of order apply to the budget reconciliation process to ensure it is used only for certain purposes. Decisions about spending, revenue and budget processes established in a budget…

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Budget Reconciliation Process

The Budget Reconciliation Process refers to a mechanism in the annual budget resolution that allows Congress to make changes to spending and revenues without the normal procedural hurdles. The annual budget…

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Budget Resolution

The Budget Resolution, which is drafted by the House and Senate Budget Committees each year, is an agreement between the two legislative chambers establishing both spending and revenue levels for…