Word: loan
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Dates: during 1980-1989
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...Kennedy School established its public service loan forgiveness program last spring to encourage its graduates to enter low-paying jobs in the public sector...
Because they have been so unsuccessful in raising money, Allison has made the loan program his top fundraising priority this year, according to several Kennedy School officials...
...loan forgiveness program, which was announced by Allison as part of a broader series of public service initiatives, is designed to insure that Kennedy School alumni with incomes less than $30,000 a year will not have to spend more than 10 percent of their income to repay educational debts...
...program will forgive the entire loan payments owed by graduates who earn under $15,000 annually. In addition, the program stipulates that alumni with salaries between $15,000 and $30,000 a year will be permitted to defer loan payments in excess of 10 percent of their gross income. The income ceiling will rise with the rate of inflation...
British officials, who still rule the crown colony, cobbled together loans worth $512 million to support the financial center's imperiled stock-futures market. The Communist government in Beijing, which takes control of Hong Kong in 1997, was quick to pitch in $42.7 million for the loan package and was reported to be buying equities to help shore up stock prices. Colonial authorities are reviewing exchange rules, yet there are fears that the colony's reputation as a freewheeling but reliable financial center may be permanently damaged...