Word: loan
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Paul S. Grogan, Harvard's vice president for government, community and public affairs said the initiatives--some details of which will be announced in January--will be modeled on the University's successful "20/20/2000" affordable housing loan program, which began last November...
...make excellent teachers but are discouraged by the bureaucracy of the certification process," says Moore, 45, who began teaching fourth grade in Baltimore and now tests students for special education. "Troops to Teachers is an excellent way to tap their potential by lowering the barriers." Bush would also expand loan forgiveness for math and science majors who teach in needy schools...
...Gore's plan, endorsed by the teachers' unions, would spend $8 billion over 10 years to help recruit 1 million new teachers, with provisions for college aid, loan forgiveness and signing bonuses. Gore would spend an additional $8 billion to provide raises of as much as $5,000 each to teachers in poor districts that have adopted aggressive plans to improve teacher quality, plus as much as $10,000 each to teachers certified by a national board. Gore would also require states to ensure that all new teachers pass rigorous assessments. Says Feistritzer: "Gore's proposal might be a little...
...entire loan process--from application to interview to contract--usually takes about 10 days, but can be completed even more quickly to meet the specific needs of clients...
...repayment of loans has been a major problem for HOP in the past. Over the past several years repayment rates have sunk to less than 50 percent. Because the program operates as a revolving loan fund--relying on incoming payments to fund new loans--the loss of payments creates a severe drain on the group's capital...