Word: loan
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...intermediaries will loan out and collect the money several times over the 20-year life of the loan, increasing its efficacy, and the allocations will spur other organizations, on the federal, state, and local levels, to provide additional funds, Grogan predicted...
Secretary of Education Richard W. Riley said in the release that the decrease has saved U.S. taxpayers $18 billion when combined with increased collections and savings from new direct loan programs...
Riley added that the low rate of defaults is especially significant because it occurred despite the fact that the "loan volume has tripled and the number of loans doubled" during the eight-year period...
According to a White House press release, the decrease in loan defaults can be credited to "the strong economy, more scholarship aid and tax credits for college, more affordable student loans, and flexible repayment plans," as well as the efforts of schools themselves...
...million Cost to taxpayers of bailing out Madison Guaranty, the savings and loan at the heart of the Whitewater scandal...