Word: loaning
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...loan cuts are also designed to close a legal loophole that benefitted the banks financing student loans, Day said. She added that she fears this lower profitability will impel banks to charge more for their student-loan services...
...students at Harvard and elsewhere, the cuts will mean higher interest rates on loans, although the loan limit will be raised for freshmen and sophomores starting...
...total, the legislation would cut $21 billion from student-loan programs, but $8 billion of that would support the measures that benefit students—meaning that, altogether, student aid will lose nearly $13 billion of its present funding...
Benefits to students under the proposed legislation include an increase in the loan limit from $2,625 to $3,500 for college freshman and from $3,500 to $4,500 for sophomores. The limit for graduate students would also increase, Day said. Some of the $8 billion would also fund SMART grants, which would benefit students who study math, science, technology, engineering, or a foreign language believed to be critical to national security...
...cuts to student-loan programs have stirred controversy largely because, according to some, they account for a too large a portion of the greater $40,000 budget cut, which would also affect Medicare, Medicaid, and other programs...