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I read in a newspaper that interest on part-time student loans was made the same as a full time student's loan in order to

"achieve parity between part-time and full-time student loan programs"

Now I understand that "parity" means to make them equal, but does it have any financial meaning?

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    Whoever voted to close as off-topic: IMHO, this question is not off-topic. Commented Jan 25, 2012 at 16:14

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Based on the snippet of a quote, the word parity means equality.

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    then why didn't they just say "equality"? Commented Jan 25, 2012 at 5:18
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    There is no way to know why they used parity, but it is acceptable and not unusual. Commented Jan 25, 2012 at 11:06
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    There is a financial meaning of parity, but it doesn't apply here. Commented Jan 25, 2012 at 18:48
  • @Theta30: Because they wanted to make themselves seem more educated.
    – Vikki
    Commented Dec 6, 2019 at 22:53

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