Word: loan
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Dates: during 1960-1969
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Harvard students will probably receive less money next year from Federal loan, grant, and work study programs...
...largest cut will come in the NDEA loan program, he said, predicting that Harvard's share of these funds will be decreased by about $200,000 from this year's total of $1 million. The work study and opportunity grant money Harvard students receive will probably remain just about at this year's levels of $400,000 and $200,000 respectively, Gunness said...
...past, most funds have come from the members themselves, who contribute up to 10% of their annual income. Now the Muslims are looking for other sources of income and are trying to negotiate a $20 million loan from various banks. Some of this money will be used for additional business investment, and one-third of it will be spent to "revitalize" the 47 schools the sect operates across the country, notably the 37-year-old University of Islam in Washington...
...well as new ones-particularly when ghetto areas are involved. In Los Angeles' Watts district, there has been no new industrial construction for 35 years-not even to replace facilities destroyed in the riots of 3½ years ago. Last week the Commerce Department announced a $3.8 million loan for development of a 45-acre industrial park in the overwhelmingly black area, where unemployment is running up to 20% (v. 3.3% for the nation as a whole). On a scarred parcel of land now occupied by a railroad siding, some ramshackle houses and several squalid junk yards...
...take advantage of others' ignorance to make their own living. In a typical case, an illiterate woman came to Legal Aid because she had been tricked into putting up the deed to her home as security for $700 worth of household repairs. After the repairs were completed, a loan company claimed that with interest and other charges she actually owed $1,900. When the company threatened to take over her home, Bill Ide, one of the Legal Aid volunteers, promptly filed suit for his client. Charging contractor and loan company with a "fraudulent conspiracy," Ide asked...