Word: default
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...plenty of company. Last week Secretary of Education William Bennett released a study blasting the worst of the nation's 7,000 for-profit trade schools for deceitful practices that prey on vulnerable and often semiliterate students. The report lays nearly half the Government's $1.6 billion student-loan default burden on the doorsteps of such institutions. Many of the schools, which currently enroll 1.3 million students, have dropout rates in excess of 50% and loan-default rates to match. "The kids are left without an education and with no job," says Bennett, "and the taxpayer ends up holding...
...effort to crack down, Bennett proposed in December to make institutions with default rates that are consistently over 20% ineligible for federally backed student loans. Last week he called on Congress to tighten standards for organizations that accredit trade schools, and ban loans to students who lack high school diplomas or equivalency degrees...
...underpopulated Albany squad, the big loser yesterday at the MAC, was forced to default in the 118-lb. and in the heavyweight contests. Its misery was furthered by losses to Harvard's Jeff Barey at 134-lbs., John Freeman at 150-lbs., David George at 167 lbs. John Willoughby at 177-lbs., and Alex Konovalchik in the 190-lb. match...
...verification commission. And three weeks ago it, in effect, abolished itself: the plan, said the communique of the five Central American Presidents gathered to assess its progress, had not been implemented, but no deadlines were extended. The U.S. Congress, with its vote this week on contra aid, has by default been designated to make the final judgment on Sandinista compliance...
...unusual defenses. Karpov, on the other hand, plays the game as though he were dissecting a microchip. In his newly published autobiography, Child of Change, Kasparov claims that he is a living example of the new Soviet glasnost and Karpov is a hidebound apparatchik. Karpov, who became champion by default after Bobby Fischer gave up the crown in 1975, has dismissed these charges as merely "part of prematch psychological warfare...