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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?

  • Whoever voted to close as off-topic: IMHO, this question is not off-topic. – Chris W. Rea Jan 25 '12 at 16:14
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Based on the snippet of a quote, the word parity means equality.

  • then why didn't they just say "equality"? – Theta30 Jan 25 '12 at 5:18
  • There is no way to know why they used parity, but it is acceptable and not unusual. – mhoran_psprep Jan 25 '12 at 11:06
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    There is a financial meaning of parity, but it doesn't apply here. – DJClayworth Jan 25 '12 at 18:48

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