Word: loaned
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Dates: during 1990-1999
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Elizabeth M. Hicks, Harvard's coordinator of financial aid, says the loss of the in-school interest subsidy on student loans would increase the cost of a student's Stafford Loan by nearly 20 percent...
Students borrowing $17,125, the maximum amount allowed under the Stafford program, would either see their monthly payments raised by $41 or their loan repayment time extended by 3.4 years, Hicks says...
...When you go to get any other type of loan, you do not get that type of subsidy from the federal government," he says...
...Loans borrowed With in-schoolsubsidy Without in-school subsidyYear in school Annual loan limit Totalloan balance Standard monthlypayment Total loan balance Standardmonthly payment Percentage increase1st $2625 $2625 $50 $2876 $50 0.0%2nd 3500 6125 75 6928 85 13.1%3rd 5500 11625 143 13459 165 15.8%4th 5500 17125 210 20445 251 19.4%Total...
...conflict and further unnerved by the atmosphere of political uncertainty, drove the ruble toward an all-time low against the dollar, even as a delegation from the International Monetary Fund was in Moscow to review the govern- ment's commitment to economic reform. At stake is a $12 billion loan package to back an economic-stabilization program. Parliament jeopardized that program last week by deciding to delay a critical vote on the 1995 budget that is intended to curb runaway government spending and re- duce the deficit. A revised budget, now being hastily put together by government economists, is supposed...