Word: loaned
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...last major financial aid initiative was implemented for the academic year 1997, when the Medical School reduced the annual unit loan from $25,000 to $20,000, according to Ennis...
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...
With Bear shareholders virtually wiped out, half the firm's employees slated to lose their jobs and no golden parachutes offered to the top executives, it wasn't a bailout. But it did take a $30 billion loan from the Fed to seal the deal. This was a truly extraordinary use of the central bank's powers and an indication that the subprime-mortgage crisis that erupted last summer has evolved into something bigger and more ominous--possibly the greatest challenge to the American way of financial capitalism since the Depression...
...could be that many of the people who take advantage of this are people who would think about going into careers in public service anyway,” said Winograd, who has been active in getting federal legislation passed for loan forgiveness programs...
Stanford Law School Dean Larry D. Kramer said it was “unclear” whether the initiative is more generous than loan forgiveness programs, according to The New York Times. He added that traditional loan forgiveness programs might encourage those students who enter public-interest law to stay there, in contrast to Harvard’s new program, which requires only a five-year commitment...