Word: fy
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Dates: during 1980-1989
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...ATOUGH, lean budget" is what Secretary of Education William J. Bennett has called the Education Department's higher education funding requests for Fiscal Year (FY) 1988. Most university representatives agree with that characterization, but with little else in the proposed budget...
...FY 1988 budget proposal calls for a reversal of this trend. They would eliminate many of the established sources of financial aid, replacing them with an unsubsidized loan program that would force students to incur exorbitantly high debt levels in order to finance their education. The Reagan Administration attempts to justify this proposed change with the assertion that students, as the beneficiaries of a college education, should shoulder the major financial responsibility themselves...
...GUARANTEED Student Loan Program would continue, but it would be cut 61 percent, from $3 billion in FY 1987 to $1.2 billion in FY 1988. Ending the federal subsidy of in-school interests and substituting a nine percent "guarantee fee" for the current five percent origination fee would increase costs to borrowers. Meanwhile, new caps on interest rates would make the program less attractive to lending institutions and might induce them to end their participation altogether...
...Administration proposed in its FY 1988 Budget to boost funding for the NSF by 17 percent and to double it in five years...
...megatons). At this moment the US has approximately 3053 EMT and the Soviet Union has about 3471 EMT. If used, these weapons would undoubtedly wipe out the populations of both nations and would surely cause catastrophic environmental damage. According to former Defense Secretary Robert McNamara in Defense Secretary FY 1969, the proposed 250 EMT would still do significant damage to the poulations and economies of both nations, thereby making a first strike sheer stupidity. Without this reduction, however, recovery would be impossible and the entire world would be directly affected...