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<strong>Payment period</strong> – The basis on which a school must schedule and deliver disbursements for a particular loan period. A payment period is determined by the structure of the school' s academic program.
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<strong>Forgiveness</strong> – The release of a borrower or any comaker from all or a portion of his or her loan obligation due to qualifying child care service or qualifying teaching service.
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Chancellor of the Exchequer (H1)<br />UK finance minister who is the ministerial head of the Treasury. The Chancellor is responsible for proposing changes in public expenditure and taxation, the conduct of monetary policy nationally (apart from the independent setting of interest rates) and internationally and all currency matters<br />See also: Monetary Policy Committee
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