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<strong>Reinstatement (of borrower Title IV eligibility)</strong> A process by which a borrower with a defaulted FFEL Program loan may regain eligibility for Title IV aid by adhering to strict repayment requirements.
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<strong>American College Testing (ACT, Inc.)</strong> An independent not-for-profit organization that provides assessment, research, information, and program management services in the areas of educational testing and planning, career planning, and workforce development.
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Benelux (FO)<br />Customs union of Belgium, the Netherlands and Luxembourg. In 1943, the three countries signed a monetary convention for controlling payments between them after the Second World War. In 1944, they agreed to a customs union to come into force in 1948: this abolished tariffs within Benelux and set a COMMON EXTERNAL TARIFF. The aims of Benelux include the free movement of goods and factors of production, the co-ordination of economic, financial and social policies to attain a satisfactory employment level and the highest standard of living, and a joint trade policy.
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