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...amendment that would provide an additional $6.3 billion to the discretionary spending for education. The increase in funding would have gone towards raising Pell Grants from $4,050 to $4,500 and restoring programs including the Gaining Early Awareness and Readiness for Undergraduate Programs (GEAR UP) and Perkins Loans, both of which were eliminated by President George W. Bush’s recent 2007 fiscal year budget cuts. GEAR UP targets low-income students in an effort to prepare them for higher education and the Perkins Loan is a low-interest loan for students with demonstrated financial need...

Author: By Claire M. Guehenno, CRIMSON STAFF WRITER | Title: Senate Votes Down Higher Ed Funding | 3/17/2006 | See Source »

...effectiveness of programs in the field. Action research studies also focus on tailoring programs to better reflect the local culture. For example, in rural India, where income is determined by crop and animal breeding cycles, researchers are studying “how much flexibility microfinance clients can handle over loan payments that doesn’t increase the likelihood of default,” said assistant professor of economics Erica Field, who also spoke yesterday. “They presented economic research not in a boring back-room sort of way but in a really active way and having...

Author: By Abigail W. Darby, CONTRIBUTING WRITER | Title: Forum Probes Impact of Social Programs | 3/15/2006 | See Source »

...woman whose husband is a taxi driver. Thanks to Thaksin, who made it possible for ordinary people to borrow, he finally has the chance to own his own taxi. For years, he paid 500 baht ($13) a day to rent a taxi. Now he is paying off a loan and after four or five years he will own the taxi. My friend says her husband is very happy. It's like a dream for them...

Author: /time Magazine | Title: Should Thaksin Stay? | 3/13/2006 | See Source »

Heidi Journey's dreams of opening her own business were shattered when the bank she applied to for a loan found out about her credit history. Journey owed $10,000 on a Discover card, had a Volkswagen Jetta repossessed after failing to make payments, broke an apartment lease, didn't pay college fees and owed money on utility and cell-phone bills...

Author: /time Magazine | Title: Money: Don't Lose Credit! | 3/12/2006 | See Source »

...Democratic presidential front runner. She attended a press conference on port security in the morning, had lunch with some eBay executives, did an event about kids and car safety with New Hampshire Republican Senator John Sununu and then attended the promotion ceremony of a female Army officer on loan to her staff. Later that evening she joined Republican Senator Trent Lott of Mississippi to talk to CNN about their joint plan to make the Federal Emergency Management Agency (FEMA) independent again. Asked by Anderson Cooper whether the Lott-Clinton duet was the beginning of a beautiful relationship, Clinton was unable...

Author: /time Magazine | Title: Can Hillary Join the Club? | 3/12/2006 | See Source »

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