Word: loaned
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Dates: during 1980-1989
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Renda G. Johnson, the Law School's director of financial aid, says her office is making an effort to relieve the financial burden of loan repayments for graduates who choose public service or other lowpaying careers...
Over the last seven years, the office has offered an option known as the a Low Income Protection Plan, under which graduates are provided with interest-free loans or "forgiveness," to help them live with heavy Law School debts, she says. The Law School will "forgive," or repay, the difference between the loan repayments due and the percentage of income that the graduate is required to pay, she says...
...farm foreclosures have increased, many farmers have come to view bankers as the enemy. In 1983 a Minnesota farmer and his son lured a bank president and a loan officer to their foreclosed ten-acre tract, ambushed and killed them. Last year a Nebraska farmer was killed in a shootout after firing at state troopers with a rifle. The conflict began earlier in the day when sheriff's deputies tried to serve him legal papers concerning $300,000 in overdue loans. This fall in Iowa two occasions were recorded in which farmers, carrying loaded guns in their trucks, thought about...
...debt has been created by firms to finance takeovers with borrowed money. The result, he argues, is that many companies are particularly vulnerable to an economic downturn. In a recession, these corporations might be unable to make interest payments on their debt, and the result could be enormous loan defaults. Firms may already be unable to make needed investments in their basic business. Says Rohatyn: "At a time when we are trying to strengthen our important industries to make them more competitive, this weakens them by stripping away their equity and replacing it with high-cost debt." Ultimately the entire...
They had visited Savannah many times, beguiled by its aged squares and majestic live oaks. They bought a shabby mansion for $150,000, the mortgage, as well as a Small Business Administration loan, going in Elizabeth's name. Explaining the absence of her husband's name from the documents, Elizabeth says, "When women decide to do something, make a career, it ought to, well, it ought to be fair." For Michael's part, he was going to devote a year to getting Elizabeth's restaurant on its feet on the ground floor and getting their living quarters organized...