Word: loan
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Dates: during 1960-1969
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...veterans discharged since the Korean War benefits bill expired in 1955. Under the new law, anyone who has served six months or more in the armed forces may receive up to $150 in monthly payments while studying in high school or college, qualify for a guaranteed home loan of up to $7,500 or direct loans of up to $17,500 where private financing is not available, and is entitled to limited hospital benefits for nonservice-connected disabilities...
Under Johnson's plan, students would have to negotiate loans from state loan programs, other non-profit lending agencies and private banks at up to six per cent interest. The government would guarantee the loan and pay all the interest while the student is in college...
When he graduates and begins to repay the loan, the government would pay up to three per cent of the interest. This is roughly the way the government now handles G.I. loans and insured mortages...
Almost all Cliffies who have borrowed money have done so through the NDEA, and a large percentage of the loan funds at Harvard have come from the same source. Exact figures were not available last night...
Glimp added that there may be problems in meshing the new proposal with already existing state loan systems. Only 16 states, Massachusetts included, have such programs, and some sort of machinery for administering the loans might have to be established in the others, he observed...