Word: loaned
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...billion of the $700 billion rescue package approved by Congress earlier this month on capitalizing banks. To the back burner went Treasury's original plan to buy up distressed mortgage bonds, and along with it the idea that such purchases could be used to pressure banks into giving better loan deals to homeowners facing foreclosure...
...International graduate students are apt to be affected most by the change. CitiAssist allowed foreign students to borrow without a cosigner, while most similar programs require that a U.S. citizen or permanent resident cosign the loan...
...Citibank, the consumer and corporate banking arm of financial services giant Citigroup, terminated its loan program for graduate students at Harvard last week, according to University officials...
...Students who are U.S. citizens will be able to find alternative sources of funding more easily, such as the federal government’s direct loan program, said University spokesman John D. Longbrake...
Resistance to open education is not the only instance of the University denying free access to its resources in part, at least, for the sake of revenue. Just take a look at the Ivy League’s Borrow Direct interlibrary loan program in which all the Ivies—except Harvard—take part, despite the fact that Harvard has the fourth largest library collection in the world. Although Harvard does participate in a type of ILL program, it usually slaps charges onto the loans...