Word: loan
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Dates: during 1970-1979
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...convention members also discussed Sen. Edward M. Kennedy's (D-Mass) proposal for expanding the National Direct Student Loan program. Kennedy suggests that loans go from the banks to the parents instead of to the students. Kennedy also proposes that both the bank-to-student loan and the university-to-student loan be consolidated so that debtors can repay them in one series. These measures are designed to decrease the rising number of defaults on student loans...
...this great subject treated in such depth. It is designed, in the words of the catalogue, as "the last panel of the triptych" of exhibitions illustrating the relationships between Paris and three modernist capitals: New York (1977), Berlin (1978) and Moscow. The sheer size of the Soviet loan-some 2,000 works in all media, from paintings to agitprop posters, from architectural drawings to teacups and chess sets-put the center's director, Pontus Hulten, at a disadvantage in bargaining. The Russian side of the show is wholly chosen and catalogued by Soviet experts, whose essays (as one might...
Once again, it is hand-wringing time at the thrifts. With a 13% inflation rate, people are being driven into investments that offer more than the paltry 5¼% or so that savings banks and savings and loan associations are allowed to pay on passbook accounts. The result is that these traditional homes of the small saver are fairly scrambling for deposits. New customers are being lured by both familiar freebies (toasters, tickets to shows) and new appeals. For example, New York's big Bowery Savings Bank (assets: $5 billion) now has its longtime pitchman, Yankee Slugger Joe DiMaggio...
...recession, they have been losing deposits in a big way. April, for instance, is normally a poor month for the savings banks, since their customers commonly make large withdrawals to pay taxes. But April 1979 was by far the cruelest ever: nationwide, savings and loan institutions lost $1.5 billion in deposits (vs. an increase of $400 million last year). They gained back $1.2 billion in May, but that was considerably below last year's more normal $2.1 billion in new deposits...
...Harvard and Radcliffe students took jobs under the program in 1978-79. Maguire says that work study has become "a spearhead into the community--because of the 80-20 split, employers like it." Gibson adds, "work-study reduces the debts students have to pay because it's not a loan and it is an opportunity for the students to get real work experience. They can work in areas of their vocational interest." Both Gibson and Maguire note that students have not yet taken full advantage of work possibilities in the community, since they tend to work in the University...