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<strong>Trailer record</strong> The ending portion of a CommonLine file. The trailer record contains a summary of the preceding records, including totals, and is used to verify transmissions. In CommonLine file specifications, the trailer record is documented as @T.
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<strong>Dependent student</strong> A student who does not meet the eligibility requirements for an independent student under section 480(d) of the Higher Education Act of 1965.
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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:
studentaid.ed.gov/PORTALSWebApp/students...nts.jsp?tab=funding.
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<strong>Deficit Reduction Act of 2005</strong> Legislation signed into law by President Bush in February of 2006. The portion of the legislation impacting student financial aid provisions, including student loan interest rates and fees, consolidation rules, school as lender, and other policies and procedures, is referred to as the Higher Education Reconciliation Act (HERA) of 2005.
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