Word: loan
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Part of the $19 billion endowment should also come in the form of financial aid return to students. Graduates of the Class of 2000 who took student loans from the University are at an average debt of $14,487, and they could spend the next 10 years paying Harvard back. Even more daunting, this debt follows Harvard's 1998 financial aid increase that allowed many students to reduce their annual loan requirement by $2,000. Although Harvard boasts a low default rate, the prospect of paying back the University upon graduation is a daunting one. Again, the University is poised...
Lamont Library has introduced a new program to loan laptops to students in the library and has installed 24 new roaming network jacks in an effort to keep pace with what officials called a nationwide trend toward increased wireless network access...
Student users are asked to fill out an evaluation of the program after each use. So far, according to Collins, the response has been positive, although one user complained that the maximum loan period of three hours was insufficient...
...biggest reason for increasing productivity, Feldstein says, is, of course, the computer and particularly the Internet. Wyss cites a little-noticed benefit: with computers, managers "can get a high school graduate to do the work a college graduate used to do." One example: a mortgage-loan applicant was once interviewed by "a trained loan officer with a college degree" who probably referred the application to a loan committee, which might have given an answer in two weeks. Today "you'd be sitting across the desk from somebody who was probably a teller two weeks ago, and she's reading...
Heinecke says he can't agree to the clause because pizza isn't his only business. It wasn't even his first. Four years after moving to Thailand in 1963, Heinecke borrowed $1,200 from a loan shark to open an office-cleaning service and a public relations company. He made his first million before age 21. While pizza franchises were popping up all across America during the late '70s, he came to believe that if Thais were exposed to pizza, they would like it. "I operate on the belief that, fundamentally, we're all more similar than dissimilar...