Word: gibsonized
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Under the new plan, no graduate will be asked to pay more than 6 per cent of his income in any one year. R. Jerrold Gibson '51, director of the Student Loan Office, said yesterday...
...increase surprised many undergraduates since they received no formal notification of the change. R. Jerrold Gibson '51, explained that the changes were announced in the April issue of the Harvard Gazzette and in the Commencement Issue of the Crimson. Gibson mentioned no direct attempts by University officers to notify scholarship students of the change before the new loan forms were issued this August...
...Loans are the new field of expansion in financial aid." Gibson said, "Students will be graduating with a higher total indebtedness than ever before...
...Gibson said that loans--rather than scholarship--will cover most of this year's rise in educational costs. "Expansion of available loan funds is meeting this situation in the only responsible manner." Gibson added...
...have no problems here because we're operating as the lender. We merely send our student loan requests to the Office of Education for an okay," Gibson said...