Out of pocket
Out of pocket payment refers to the act of paying for a product or service using personal funds, rather than using money from an insurance provider or another third party. In the context of training programs, out of pocket payment means paying the cost of the program directly, without relying on financial assistance from an employer or other organization.
Loan
Loan or third party payment refers to financing options where a borrower takes out a loan or receives financial assistance from a third party, such as an employer or a scholarship organization, to pay for a product or service. In the context of training programs, loans or third party payments can help individuals afford the cost of the program by providing them with access to financing options that they may not have had otherwise. This type of payment may involve the borrower repaying the loan or fulfilling certain obligations to the third party, such as agreeing to work for the organization for a certain period of time after completing the program.
Scholarship
A scholarship is a financial award given to students based on their academic, athletic or artistic achievements, or financial need to support their academic pursuits.
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