Word: defaulting
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Dates: during 1990-1999
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...students will have a repayment schedule negotiated to fit their income, a plan the government says will lower the default rate...
...Clinton administration estimates directloans could save $4.3 billion in five years, fromthe fees it now pays lenders and from fewerdefaults. In fiscal 1993, for example, thegovernment issued 6.1 million loans worth $18billion. Default costs totaled $2.5 billion...
About 1,100 institutions applied for thedirect-loan program. About 900 were eligible: Theyparticipate in FFELP, have a default rate lessthan 25 percent and can electronically processloan applications or are implementing themachinery...
...With no candidate who stands out as a clear vote for competence, voter support is breaking down much as it did last time around: along racial lines, almost by default, with blacks and liberal whites lining up for Dinkins and white ethnics backing Giuliani. The swing factor is the city's growing Hispanic electorate, which gave Dinkins 64% of its vote in 1989 but may deliver less for him this time around. Whichever candidate they elect, New Yorkers can only hope that their new chief executive will be modest enough to borrow a page or two from the new breed...
...flight three singles draw, while Erica Cheng had to with draw from her consolation match at flight four singles because of an injury. In doubles action, Kelly Granat and Majmudar won their flight one consolation match over the Richmond duo of Ashley Faherty and Camille Walter by default. Harvard's Ariel Clapp and Tanya Menon lost in the flight three consolation (6-3, 6-1) to Christine Trotter and Charmaine Ing of Cornell...