Word: gibsons
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Dates: during 1970-1979
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Harvard students will not be adversely affected by bureaucratic delays in the federally guaranteed student loan program, R. Jerrold Gibson '51, director of the Student Loan Office, said Wednesday...
...chief income protection provision of the Plan is the graduated repayment schedule. "We realize that the roughest period for repaying the loans will be the first few years, so we have tried to shift the burden to the end," Gibson said...
...major difference between this Plan and our former loan program is that we're clearly moving to a time when we'll have to increase the indebtedness of the individual student, and we need the funds and an effective program for protecting low-income students," Gibson commented...
...GIBSON ESTIMATED last week that the College would loan out over $1 million next year under the new program to between 1000 and 1200 students. He predicted that the total University loan figure might reach $4 million although final figures are not available from several faculties...
...protecting the people at the bottom," Gibson said last week, "but not by increasing the amount of indebtedness of these people at the top. Everybody knows what his indebtedness is, and he doesn't have to worry about being penalized for repaying his loan early. Our Plan also provides for a shorter period of indebtedness--10 to 13 years versus...