Word: loaned
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Dates: during 1990-1999
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...David Hale, who has invoked his Fifth Amendment privilege and refused to testify. Hale testified in the Whitewater-related trial which delivered convictions of Clinton's former business partners Jim and Susan McDougal and Arkansas Governor Jim Guy Tucker that Clinton pressured him to make an illegal $300,000 loan to Mrs. McDougal. Clinton denied that charge in his videotaped testimony at the trial. In its final report to be issued Monday, the panel will recommend perjury investigations into the testimony by two White House aides and a confidante of Hillary Clinton, sources told The Associated Press. The three reportedly...
...jury in Little Rock returned 24 guilty verdicts against Arkansas Governor Jim Guy Tucker and Clinton's former partners in the Whitewater land deal, Jim and Susan McDougal. After nine weeks of dry courtroom exposition, the jury essentially concluded that the defendants had used McDougal's savings and loan as a private cookie jar, dipping into it for bogus loans to bankroll their many business schemes. Clinton wasn't a defendant in the case (merely a witness for the defense), and most jurors said they believed his testimony but found it tangential. Nevertheless their verdict was a blow...
...main federal student-loan program, created in 1965, is interest-free while the student is in college. Because of the run-up in the cost of public higher education, loan demand was rising so rapidly that the program was in danger of becoming ruinously expensive. So Congress started a second student-loan program, in which the recipients pay interest even during their school years. This program, rolled out in 1992, now has 2 million borrowers and a loan volume of $7.6 billion. The effect has been that of a one-two punch: as tuitions and fees have risen...
...worse would have been an attack led by House Republicans, who threatened to cap the Department of Education's Direct Student Loan program, from which Harvard's loan funds are processed, at 10 percent of total loan funds...
...Loan payments usually must be made monthly with minimum payments typically ranging from $15 to $50. Payments are generally geared to eliminate debts within 10 years...