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Hoots : What does "parity" mean with regards to student loans? 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 - freshhoot.com

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What does "parity" mean with regards to student loans?
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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Based on the snippet of a quote, the word parity means equality.


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