Word: loaned
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Currently, roughly 60 to 80 students, out of a class of 550, enter the public sector upon graduating. For many, the seemingly insurmountable debt accumulated from years of tuition make low-paying public-interest jobs simply untenable. Some students who enter public interest law now are forgiven of their loans after graduating, but the loan forgiveness program hardly provides explicit encouragement for this branch of law. The new program seeks to rectify that by guaranteeing a tuition-free third year—a psychological frame shift that will hopefully make a public sector career seem more manageable in terms...
...tuition for students whose families have annual incomes under $120,000. According to the medical school, the change will benefit a third of currently enrolled students. While eligible individuals will still be on the hook for $24,500 of the school’s tuition in the form of loans, the initiative represents an admirable step toward ensuring that cost need not dissuade talented students from pursuing careers in medicine, regardless of those students’ means or background. The decision to expand aid was largely motivated by hopes that reducing indebtedness might lessen the burden on recent graduates...
...size of the unit loan is currently...
Flier added that the school will continue its work to become more affordable. Noting that the three components of financing a medical education are the family contribution, the loan package, and institutional scholarships, Flier said the Medical School will now turn its attention to improving loan packages...
...Financial markets have declined dramatically in the past nine months as the effects of a unexpectedly high rates of home loan defaults tore through the economy, wiping out billions in capital, including $350 million of a Harvard investment in one hedge fund that folded last July...