Word: loaning
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...Defense chief Robert Gates represents the more Realpolitik team now taking over. He has warned Iraqi leaders that the U.S. military is not on indefinite loan to the Iraqi government and has lauded Democratic efforts to impose a timetable for troop withdrawal. Although Gates has won plaudits from Congress for his candor, he and President George W. Bush clearly need help crafting Iraq policy. That's why the White House is hunting for a "war czar." So far, half a dozen former military officers have declined the offer. Most retired officers under 62 can be ordered back to active duty...
...same institution. Likewise state funding has dropped significantly. State funding covered about half of the cost of tuition in 1980; as of 2000 that number had been cut by a third. The lack of government funding for higher education has created an economic vacuum filled through student loan programs...
Programs such as the Federal Perkins Loan, Stafford Loan, Federal Family Education Loan, and Ford Direct Student Loan allow the federal government to “fund” education without providing any real money. As the recent student loan scandal has proven, private lenders have taken advantage of this situation to do what business does—namely, make money...
...staff of The Crimson wrote that even “the best intended federal regulations may infringe on the ability of colleges to educate their students” what they failed to mention is that as recently as 1997 Congress had amended the Higher Education Act to make student loan debt among the easiest and most lucrative to collect...
Indeed, the power of student loan companies to collect debt is so invasively strong that Harvard Professor Elizabeth Warren equated the industries’ methods to that of organized crime. This legislation came about as a result of congressional lobbying by private loan companies under the auspices of funding higher education, coincidentally at a time when government funding of education was hitting bottom. Federal legislation is currently being used by business to make money at the expense of institutions and students. And as long as there is money to be made, scandals will occur and students will be in debt...