Word: default
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...principle issues involved in what happened at San Quentin and Attica. Regardless of whether or not they have accepted the stories the officials in California and New York have given of how the prisoners in the two institutions acted, people involved in the debate have, either openly or by default, accepted the officials' versions of why the prisoners may have acted in the manner in which the authorities claim...
Skon took her first match by default and won her second round in three long sets. Saturday she upset the third and fifth seeded players in the tournament. Finally, she lost in semifinals the following day to top-seeded Lisa Rosenbloom, a Yale student...
...example, at Coolidge, a graduate student, after a rigorous credit check, can get a $2,000 unsecured line of credit at a rate of 1% a month on the unpaid balance, along with an American Express executive credit card and a free checking account. So far the default rate has been less than 1 %, and Coolidge now has customers in 50 states and 26 countries...
...Greening of America notwithstanding, Consciousness Three's grip on campus leaves something to be desired. At least that is the feeling of many frustrated bank-loan officers. The default rates among student recipients of federally insured education loans are commonly running at 4% to 6%, van average of less than 1% for ordinary auto, home-improvement and other consumer loans. The student delinquency problem is especially severe in California. The Bank of America reports that some 15% of its federally insured student loans go sour...
...news is a discouraging omen for colleges and the Nixon Administration, which are eager to expand student loans to erase the financial squeeze in higher education. Bankers blame the high default rates on the nature of the loans themselves. To begin with, there is the difficulty of tracking down a borrower after he has graduated and perhaps moved away. Most important, unlike the majority of consumer loans, student loans are not secured by collateral. Asks one frustrated loan administrator in Illinois: "If the kid doesn't pay up, what are we going to do, repossess his diploma...