Word: loan
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...previously said the school’s budget crunch would force him to cap spending on the Loan Repayment Assistance Program (LRAP), which offers debt relief to KSG graduates earning under $50,000 a year in public sector jobs...
Massino, 61, has other legitimate businesses (Cafe Via Vento, in Maspeth) and properties (in Queens and Palm Coast, Fla.), but his favorite is the CasaBlanca. From that neighborhood ristorante, he has allegedly run an operation that, the feds assert, includes extortion, loan sharking, illegal gambling, narcotics and murder in a vast criminal empire whose tentacles stretch up into Canada and back to the Sicilian motherland. Investigators say he certified his power in 2000, when he convened a meeting of four of the Five Families, at--where else?--the CasaBlanca...
...predictably, instead of providing more funds in aggregate, the Bush administration has recently reduced college aid and proposed harmful new rules for financial assistance. In his proposal to Congress on the Higher Education Act, for instance, the president suggests raising loan limits for college first-years—a move that will almost certainly amplify the financial burden of education for the nation’s neediest citizens. President Bush was right to ask for a new formula for distributing the federal funds already allocated for higher education. But if he really wants to make a difference...
Under the changes to the program announced by Nye, alumni will only be eligible to receive loan assistance for the first three years after graduation. Previously, the school placed no limit on the duration of benefits...
...said Nye first informed student government leaders of the loan cap in a meeting last Thursday...