Word: lender
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Under the old system, Harvard acted as a lender for some of its students But the process also included outside lenders such as banks and loan guaranteeing agencies...
...both sides of the great smoking divide, attitudes seem to be changing. - The angry outbursts by smokers that greeted the initial blizzard of antismoking activity have, in many cases, been replaced by a sense of resignation, almost fatalism. Marcia Spurlock, an Atlanta mortgage lender, smokes 1 1/2 packs a day and goes out of her way not to irritate nonsmokers. "I'll stand outside in the freezing cold to have a cigarette instead of offending anyone," she says. Dave Wahl, an art director for Ogilvy & Mather advertising in Los Angeles, seems equally resigned to traipsing outside his office building whenever...
Harvard was actually one of about 30 schools toact as a lender under the old loan system. Itcould loan out federal money to students, but ithad to deal with numerous intermediaries andlevels of bureaucracy at several differentcompanies...
...under the new program, the University willbe the lender to all its students and will onlyhave to deal with one other lendinginstitution--the federal government, according toHicks...
...were probably the only lender in the nationin favor of reform," she says...