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PFL Unit 6
Vocabulary for PFL unit 6
| Term | Definition |
|---|---|
| Trade school | School that offers specific and specialized training in skills such as massage therapy, nursing, welding, and computer networking; sometimes called vocational school. |
| Associate degree | An undergraduate degree awarded for a two-year course of study. |
| Bachelor degree | A degree from a college or university that usually requires about four years of study. |
| Master’s degree | A graduate degree from a college or university that usually requires a bachelor degree and about two extra years of study. |
| Doctorate degree | The highest degree of study; requires about 4 extra years of school (possibly less time if the student already holds a Master's degree). |
| Post-secondary education | Education after high school such as college or trade school. |
| Community college | A post-secondary school that serves a local area and does not offer room and board; generally offers associate degrees and certificate programs, but not higher-level courses. |
| Tuition | The money paid for instruction. |
| Room and board | The costs for where you live and what you eat while at school. |
| Free Application for Federal Student Aid (FAFSA) | The official a form to request federal, state, and school assistance to pay for college. |
| Direct student loans | Allows an undergraduate or graduate student to borrow money directly from U.S. Department of Education. |
| Perkins Loan | Allows an undergraduate or graduate student to borrow money from their school. |
| Private student loan | Allows a student to borrow money from a bank or other financial institution. |
| Scholarship | A type of financial aid that is awarded based on a specific set of criteria, such as participation in sports or music, and does not need to be repaid. |
| Grant | A type of financial aid that does not have to be repaid, and is awarded based on financial need. |
| Federal Work-Study Program | Provides part-time jobs for students with financial need, allowing them to earn money to pay for education expenses. |
| Military Tuition Assistance | Programs that allow the military to pay for a student’s tuition. |
| Long-term care | Services that meet the needs for medical and/or non-medical care for those who cannot care for themselves for a long period such as the disabled or elderly. |
| In-home care | Assistance provided in the person’s home that aims to provide essential care while helping an individual stay as independent as possible. |
| Assisted living | Allows independent living with personal and medical support provided as needed.Residents typically live in their own apartments and benefit from an array of basic services including security, meals, housekeeping, laundry, and access to medical services. |
| Nursing home | Patients in these facilities are typically unable to care for themselves; All levels of personal care are provided, including doctors specialized in geriatric (older age) medicine and physical, occupational, and respiratory therapists. |
| Social Security | A federal government program that provides monetary assistance to retired people, replaces about 40% of an average wage earner’s income after retirement, and will cover about 21% of a person’s living expenses. |
| Retirement plans | A lump-sum or monthly payment provided by the employer to the employee upon retirement, based upon the employee’s earnings, length of service, and age. |
| 401(k) | A retirement savings plan sponsored by an employer allowing workers to save and invest pre-tax dollars from their paycheck; employers often make contributions to their employees’ plans. |
| 403(b) | An employee of a tax-exempt organisation such as a public school, some hospitals, and churches can set aside pre-tax money in the account, invest it as he or she sees fit, and withdraw the money during retirement. |
| Individual Retirement Account (IRA) | A type of retirement savings account that is established by an individual rather than an employer; a maximum amount of income may be deposited before taxes are paid on it, invested as the individual chooses, and then withdrawn during retirement. |
| Power of attorney | A document that allows a person -- the principal -- to appoint another person -- the agent -- to manage his/her affairs if he/she becomes unable to do so. |
| Medical directive | A legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity; also known as a living will. |
| Will | A legal document sets forth your wishes regarding the distribution of your property and the care of any minor children upon your death. |
| Beneficiary | A person who receives property, money, or other assets from the deceased. |
| Guardianship of minors | A person is appointed either by the parent’s will, the child’s family, or the court to care for a minor after a parent’s death. |
Created by:
joann.roe
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