Word: gibsonized
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...This is clearly an attempt by the government to help middle ncome familizs," R. Jerrold Gibson '51, director of fiscal services, said yesterday. A family that becomes eligible for the interest subsidy under this law and borrows $1200 per year for four years (an average loan) will save $840 in interest, he said...
...Gibson added that 90 to 95 per cent of the students who now take out loans will be eligible for the government subsidy. Now, about 70 per cent of all loan-takers are eligible for subsidies...
Some graduate students presently borrow more than the $2500 they are allowed under present legislation by borrowing from different sources, Gibson said...
Brown-Beasley's case is further complicated by several procedural questions he has raised about his dismissal and appeal. For one, he argues that Gibson violated regulations in the personnel manual that call for "progressive" discipline of employees, including a warning letter before suspension and a suspension before discharge. One section also reads: "An employee should not be disciplined or discharged in haste or anger. If a serious incident occurs which may warrant discharge, the employee should be suspended pending investigation...
...Gibson apparently did not follow these steps in disciplining Brown-Beasley, who received neither a warning letter nor a suspension. However, Edward W. Powers, associate general counsel for employee relations, called attention last week to another clause in the manual that permits "discharge without prior warning or suspension" in the case of "very serious offenses, for example, serious dishonesty, including theft of University1