Word: defaulting
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...from, say, the New York Times, and let it go at that, let the reader wade through the sociopolitical spate of happenings of the century's second decade in the appropriate studies of the period, and for his own impression." Then he adds: "Lazy man's way, way of default and ineptitude...
...plumbers made their first payment in 1991 as scheduled, but have continued to default on further payments even after Harvard granted them a one year extension...
...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...