Word: borrower
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Dates: during 1970-1979
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Squeezed by money problems, U.S. campuses from Yale to Vanderbilt are trimming scholarships for needy students, who now must borrow more, work more or quit college. The University of Pennsylvania is an agonized example. In the past 13 years, scholarships have grown faster than any single item in its budget-from $2 million to $14 million. They have helped Penn to increase its mix of black and poor students. But Penn is running a $1.9 million budget deficit. As a result, it is eliminating 57 of the 867 scholarships it now offers freshmen...
...harbingers of his own doom. In this case there is a recluse in his apartment building who is watching TV until the distant day when "Marshal Petain is buried in Verdun"; an old school chum (who appeared briefly in the earlier movie) wandering the streets in zombie-fashion to borrow money; a neighborhood woman who makes feeble amorous advances, more out of habit than anything else; and a mysterious, silent young man whom all in the community assume to be a strangler (but, in fact, turns out to have an identity considerably more pathetic...
...Admissions Office has settled on a figure of 2000 scholarship students for the academic year 1971-72. Each student will be expected to earn or borrow an average of $850, not including summer employment...
...housing: mobile homes, or tiny town houses and apartments in the far-out suburbs. Builders estimate that construction of such units may have to double from present levels. "Young marrieds are avid consumers," notes Adman Victor Bloede, president of Manhattan's Benton & Bowles. "They buy everything." They also borrow heavily. In, particular, they will want appliances and furniture, pots and dishes, infants' wear and home entertainment items as diverse as Tia Maria and tape recorders...
...Yale Plan would allow students to defer the cost of their education over a 35-year period after graduation. Students electing to borrow under the plan would pay back four per cent of their future pre-tax income for 35 years or until their class debt is paid...