Word: gibsonized
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...have had amazing success in collecting bills from back years," said Gibson...
...Harvard loan program is on a firm footing," Gibson said. The University draws directly from its endowment for the $37 million in loans it lends to undergraduate and graduate students. The federal government insures against default...
...loan office does everything it can to help students repay their debts, Gibson said. Students who suddenly find themselves unable to pay are encouraged to file deferment forms, he said, and the office requests no more than six per cent of a graduate's total income, regardless of the size of his debt...
...Very few people have a clear idea of how the debt will figure in their plans," Gibson said. He said he would like to realign the system so students do not bear the brunt of their obligations the first year out of school, when other financial pressures are greatest...
President Ford's economic proposals could have profound implications for student loan programs, Gibson said. The present federal loan budget of $300 million could face reduction if Ford's budget cuts touch higher education, he said...