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<strong>DP Grant</strong> – Default Prevention Grant program, offered by the MDHE since 2001. Schools are periodically invited to submit proposals for grant funds to help reduce their default rates, reduce default claims paid for their borrowers, improve retention rates, implement financial literacy programs, or implement other default prevention activities.
original issue discount bond (G1)<br />A type of JUNK BOND issued at a large discount below its par value with couPoN rates below the market yields at the time of issue. After an initial period, the coupon rate is raised.
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<strong>OPE ID</strong> – An 8-digit identification number, including a 6-digit number followed by a 2-digit branch code, assigned by the U.S. Department of Education' s Office of Postsecondary Education (OPE) division after approving an institution to participate in the federal student aid programs. Schools that don' t administer Title IV aid but want their students to qualify for in– school deferments are also assigned an OPE ID number.
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