Word: borrower
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Dates: during 1960-1969
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...repayment provisions would make the Zaccharias plan much more attractive than other loan programs. Interest rates would not influence the payment schedule, so a student could borrow as much as he needed. Having repayment tailored to income would also free a borrower from the compulsion to enter a high-paying job in order to pay off his loan and accumulated interest charges as quickly as possible. A borrower's obligation to the Bank would end at his death instead of being passed on to his estate...
...Bank would provide a comprehensive solution to the problem of aiding students. For the first time, a student from a low-income family would be guaranteed that he could find enough assistance to finance a college education. In order to reduce the amount an exceptionally needy student must borrow, the Zaccharias committee will probably recommend direct federal aid for families in the lower income levels...
Congress to adopt a comprehensive student aid lems with the proposal. Under the terms suggested by the panel, it would be profitable for a wealthy student to borrow money, invest it, and buy out of the program immediately after graduation. Nevertheless, the easy availability of the loans is one of the principal attractions of the plan, and the committee has recommended that a student be required only to sign a form stating that he needs the money for his education...
...also been pointed out that women who borrow money and have to re-pay it might seem less attractive to men looking for wives. The committee has proposed several ways to minimize this handicap...
Responding to businessmen's complaints that some of the new rules seemed unduly onerous, OFDI aides sent out word that U.S. corporations will not run afoul of the investment curbs by guaranteeing the debts of their foreign subsidiaries. Only by such underwriting can many a subsidiary borrow abroad-as the Administration still allows-on reasonable terms. Some moviemakers, pointing out that 54% of industry revenues last year came from abroad, hoped for exemption from capital controls to enable them to continue filming overseas. And the petroleum industry demanded a ruling that money spent on oil-well drilling...