Word: cents
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...also represents hotel, restaurant and bartending workers throughout Boston and at MIT, campaigners recognized that the Harvard unit furnished the swing votes on which the union election hinged. In 1978, the University's kitchen employees propelled Joseph Sullivan into the Local 26 presidency by granting him nearly 85 per cent of the Harvard vote...
...Local 26 workers have threatened to go on strike in a move that could throw student eating plans into disarray. The sticking issue in MIT negotiations is the length of the contract. Management has offered a three-year deal with an average 8.5-per-cent raise, while the union wants the contract proposal shortened to two years. The union's willingness to take the economic risk of striking will not go unnoticed by Harvard labor officials...
Students who applied for loans after August 22 will have to pay a 5-per-cent "origination" fee designed to cut federal expenditures for the program. In fact, the fee will reduce a $2500 loan to $2350, although the recipient will still pay interest on the entire...
Interest borrowers pay in a related, but far smaller, program, Auxiliary Loans to Assist Students, will increase from 9 to 14 per cent on October 1. This program, which provides maximum yearly loans of $3000, benefits parents, graduate students and independent students without regard to income...
...approved cutbacks in the so-called Pell Grant program for low-income students. The approximately 1000 Harvard students receiving these outright subsidies will receive a maximum of $1670 next year, down from $1750. Other students who qualify for special National Direct Student Loans will have to pay 5-per-cent rather than 4-per-cent interest...