Word: loaned
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Dates: during 1980-1989
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...wish to enter into an agreement with the Dean of the John F. Kennedy School of Government, Harvard University that will enable us to encourage public service. Specifically, it is our wish to sponsor a program that through loan forgiveness provisions will enable students at the School of Government to assume certain lower salaried positions in public or non-profit institutions that they could not otherwise accept because of student loan indebtness...
...Service Endowment at the School. To underwrite the Dickinson Endowment, we would pledge the sum of $500,000 to be payable over a period of not fewer than ten years. Our expectation is to make an initial payment of $250,000, of which $50,000 could be spent on loan forgiveness this academic year...
...donors will be appointed by the Dean of the School of Government to serve on the Advisory Committee of the Loan Forgiveness Fund and on the Advisory Committee of the School's Center for Health and Human Resources Policy...
...colleges--suffer high default rates because many of their students come from low-income backgrounds. Ivy League universities have lower rates of default simply because their students--and the schools themselves--have more money. Elite schools, for instance, can afford to set up special bureaucracies to deal with student loan-takers. Bennett's solution most hurts the weakest link in American higher education, and puts too little pressure on students at well-endowed schools whose failure to repay their debts is particularly offensive...
...time of belt-tightening on Capitol Hill, congressmen want to see their education money used wisely before they decide to spend more. Universities would further their own interests by taking the loan situation more seriously. Why should any senator or representative allocate funds for student aid programs when he knows many of the borrowers never will pay back their loans...