Word: gibsonized
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...program, developed by R. Jerrold Gibson '51, director of fiscal services, and called the Parent Loan Program (PLP), allows families with incomes from $15,000 to $50,000 to spread out four years' tuition, room and board bills over a six- to eight-year period...
...Gibson said yesterday that the Richard C. Knight Insurance Company of Boston--which now handles tuition payment insurance for Harvard--will take care of the paperwork on the parent loans, and also provide the insurance...
Most University loans to students who qualify for financial aid are at 7 per cent interest. Gibson figures, however, the PLP loans are at the same effective rate, because parents can use the interest as an income-tax deduction...
...Gibson began working on the loan program after the admissions office feared that they were losing middle-income students to less-expensive state universities...
...ordered to create jobs in public service and launch public works programs to achieve that end. The goal is noble, and drew support from such witnesses as Bishop James Rausch of the U.S. Catholic Conference; Murray Finley, president of the Amalgamated Clothing Workers of America; and Newark Mayor Kenneth Gibson, speaking for the urban poor...