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.