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P Financial Aid Glossary and related terms

P's

Paul Douglas Teacher Scholarship: Put together for graduated high school students who wish to further a career in education. Governed by the states, this scholarship plan inspires and makes it possible for students to be employed as a teacher in a basic or subordinate school when proving attentiveness in such a career.
Parent Contribution: On the foundation of the Federal Methodology and sometimes Institutional Methodology, the capability of the projected estimation of a parent to provide help with costs related to postsecondary education.
Postsecondary: Following high school, including all graduated high school student curriculum plans as well as 2 to 4 year colleges that offer plans as well as technological and occupational paths.
Principal Balance: When money is paid towards an unsettled loan, where interest is charged by the moneylender, in acceptance to keep the interest and the accumulation content. A percentage of each compensation is put away therefore leaving the leftover money to pay for the increase and to go towards the principal balance.
Professional Judgment (PJ): Relying on the specific fundamentals of the student, this aid management with freedom of choice, defines a students suitability for federal student assistance in which certain foundations of information are changed when doing so.
Promissory Note: In order to receive a loan, the debtor must sign an obligatory permissible piece of writing, upon signing, the signer is agreeing for the student loans to be paid back in full which contains interest and specific repayment segments. The debtor’s rights, requirements, termination and time periods before paying are also included in the document.
Proprietary School: Most of these schools propose occupational and technological passages, and are confidential and are approved to earn income.
 

Go to Glossary, letter R.

 

 


 
 
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