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<strong>Financial Aid Director (FAD)</strong> – A staff member at an eligible school who heads the financial aid office.
<strong>Participation agreement</strong> – Agreement with the MDHE that permits a school to participate in the state student assistance programs.
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social ownership (L3)<br />A form of public ownership similar to NATIONALIZATION. It is different from the type of UK nationaliza tion introduced in the 1940s in that members of the public hold non-voting shares and there is a greater degree of WORKERS' PARTICIPATION in management.<br /><em>See also:</em> co-operative; industrial democracy
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