Word: loan
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...businessman, whether he's a farmer or not, would be mad not to take a loan with such a generous interest rate...
...Government's predicament can be blamed on both congressional and bureaucratic shortsightedness. Normally after droughts or other natural disasters, farmers had got aid through the Farmers Home Administration. But that agency, run by the Agriculture Department, made its loans hard to come by. An applicant's credit record was scrutinized closely and his loan request reviewed by a committee of local farmers and FHA officials quite likely to know his real needs. These committees then kept tabs on a loan recipient to make sure he spent the money for the intended purpose. It was partly because farmers complained...
...regulations also require financial aid officers to discuss the loan payment schedule with each loan recipient...
Financial aid officials said this week they don't know if the new regulations will cut down on loan defaults...
...University grants about $10 million in loans a year, Gibson said. The new regulations apply to all undergraduate and graduate loan recipients, although Gibson said the default rate was generally higher for undergraduates