Word: loaned
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Dates: during 1990-1999
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...facts of the case are complex, but the central allegation is clear: that the Clintons used an Arkansas savings and loan as their own personal slush fund, and then interfered with federal regulators investigating the operation...
...commend Harvard for its leadership insupporting the move to direct lending and inpioneering the new programs on campus," thestatement says. "Students will benefit directlyand immediately from lower loan fees, reducedinterest rates, flexible repayment options andsimplified applications...
Under the new system, all financial processingdone at the school itself, using data managementsoftware provided by the Department of Education.Once the loan has been completed, according toHicks, the money should be transferred into thestudents' accounts within three days. Under theold systems, students were forced to wait severalweeks...
Part of the reason Harvard pushed for theprogram was that it had experience in dealingdirectly with the government on loans through theold Perkins Loan Program, Hicks says. Workingunder that program, University officials saw thateliminating secondary institutions eased the loanprocess...
...think the direct loan program will eliminatethe middle man so there will be no hoops orhurdles for students and they can deal directlywith the institution," Wick says. "I also think itshould significantly speed things up, by cuttingdown on bureaucratic delays...if the Department ofEducation does things right."Crimson File PhotoELIZABETH M. HICKS...