Word: defaults
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Dates: during 1980-1989
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This week's New York primary--which for all intensive purposes pushed Dukakis over the top--proved what political analysts and election followers knew all along: that Dukakis would win the nomination by default...
...Dukakis can't beat Bush by default. His victory will depend on decision--to take the initiative and tackle the issues...
...then there are the students who are off campus by mistake. Students returning from leave must notify Harvard in advance to get housing, and some of them miss the deadline. They find themselves in off-campus housing by default. Julia *** '91 had a similar problem. She lives at home in Medford largely because her father' checked off the wrong box on her Harvard application. "When he deals with forms he makes stupid mistakes," she says. But she adds, "I probably would have stayed home anyway...
...last option can prove especially painful when borrowers are late making payments or even ignore debts. "I didn't need the money," says Pillsbury of a $4,000 default. "I felt emotionally ripped off." Partly to avoid personal anguish, younger members of the rich set have established more than 200 foundations in the past 15 years to channel their financial contributions...
...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...