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Business Glossary Terms - P

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Find below a glossary of terms and definitions that begin with the letter P as it relates to business definitions.

Term Description
Part-time student Undergraduate: A student enrolled for either less than 12 semester or quarter credits, or less than 24 contact hours a week each term. Graduate: A student enrolled for less than 9 semester or quarter credits.
Pell Grant The Pell Grant is a federal program that provides need-based grants to low-income individuals for the purposes of obtaining a college degree. A Pell Grant recipient is defined as a student who received a Pell Grant at any point while attending an institution.

For undergraduates, persistence rates measure the proportion of an entering class or cohort of students who return to enroll in their second and third years and beyond. They are calculated on a fall-to-fall basis and therefore do not take into account students who drop out for one or more intervening terms. (See also Continuation/Retention in Glossary). Some data on doctoral student persistence rates after two years are available.

Postbaccalaureate teaching credential The postbaccalaureate teaching credential trains individuals to meet state standards for teacher certification.
Postdoctoral A postdoctoral scholar("postdoc") is an individual holding a doctoral degree who is engaged in a temporary period of mentored research and/or scholarly training for the purpose of acquiring the professional skills needed to pursue a career path of his or her choosing.
Postsecondary education The provision of a formal instructional program whose curriculum is designed primarily for students who are beyond the compulsory age for high school. This includes programs whose purpose is academic, vocational, and continuing professional education, and excludes avocational and adult basic education programs.
Private Institution An educational institution controlled by a private individual(s) or by a nongovernmental agency, usually supported primarily by other than public funds, and operated by other than publicly elected or appointed officials. These institutions may be either for-profit or not-for-profit.
Private not-for-profit Institution A private institution in which the individual(s) or agency in control receives no compensation, other than wages, rent, or other expenses for the assumption of risk. These include both independent not-for-profit schools and those affiliated with a religious organization.
Program A combination of courses and related activities organized for the attainment of broad educational objectives as described by the institution.
Public Institution  An educational institution whose programs and activities are operated by publicly elected or appointed school officials and which is supported primarily by public funds.
PUENTE Project for Literacy - Puente is an award-winning program that has helped thousands of students reach their dreams of college success through its innovative combination of accelerated writing instruction, intensive academic counseling and mentoring. Puente is co-sponsored by the California Community Colleges and the University of California.