Word: loan
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Dates: during 1950-1959
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Furthermore, it is to be regretted that Humphreys College in California received over 100 times as much per student as did the University of Massachusetts. But the disparity in "per student" grants is not in itself improper. Some colleges get more requests for financial aid, and some have smaller loan resources than others. Ideally, this factor of need should be considered...
...only other alternative for alloting money seems to be for the National Defense Student Loan Program to examine carefully the financial aid demands on, and resources of, each institution which sticks its hand in the Federal grab-bag. But, unless the criteria for aid are clearly defined, a dangerous Federal control could arise...
...hand, the Director of the Program may be able to exert a subtle direction over the loan policies of colleges. On the other, colleges will be tempted to apply political pressure on the Director through Congressmen and the like. In this case, the well-established institutions would probably be able to bring most pressure, thus penalizing the colleges that really need the money most...
Even Moscow's basic offer-a loan of $130 million to be paid back over twelve years at a mere 2½% interest-has worked to its advantage. In Indian eyes, this makes the Bhilai project a business deal rather than an embarrassing "gift" (since 1947 the U.S. has showered a whopping $1.75 billion on India in gifts, loans and credits). Furthermore, at cost to its own steel industry, the Soviet Union has been sending India its top talent. "They have to be our best men," said one Russian. "You can say it is a matter of face...
...authorization of 17,500 more public housing units, 2) a six-year, $350 million-a-year urban renewal program, with the Federal Government still paying two-thirds of the cost instead of the gradual reduction to 50% asked by Ike, and 3) a $150 million direct G.I. housing loan fund to backstop the new, higher 5¼% mortgage rate in areas where private capital fails to come forward to finance G.I. housing...