Word: exceeds
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...predicts higher interest rates, the market tumbles. Last week Kaufman warned that "a confrontation between the credit needs of the U.S. Treasury and those of U.S. corporations is shaping up for 1982." He said that long-term interest rates will increase from their present levels and "perhaps exceed" their 1981 highs. Top-rated utility bonds are currently yielding 16.75%, down from 18% last year...
...proposal to discontinue student loan payments to colleges whose default rates on a federal aid program for especially needy students exceed 25 per cent will have little effect on Harvard students, University officials said yesterday...
Harvard's planning for the management of its endowment--in similar fashion to the planning of most other universities--is based on the maintenance of market value of the endowment and on the assumption that the rate at which income is distributed from that endowment cannot consistently exceed a level of approximately 4.0% to 5.0% of market value without reducing the value of the endowment. A rate of distribution higher than this level in the absence of continuous, significant capital appreciation can be maintained only if the rate of return earned by the assets in which the endowment is invested...
Problems for S and Ls are serious elsewhere too. A list kept by the Home Loan Bank Board shows that 200 S and Ls could be close to reaching the point where their liabilities exceed their assets and wipe out their net worth. Hundreds more may be in that position within a year...
When a student cannot establish his need for additional funds he may decide to cancel or pay back a portion of his loan or he may decide to stop working. But each case in an individual one. Students will not automatically exceed their earnings ceiling by working second semester. No students have been notified so far that they are approaching their earnings ceiling...