Word: loaning
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...protesters called on the school to sustain the growth of the Loan Repayment Assistance Program (LRAP), which aids KSG graduates who work in the public sector and earn less than $50,000 a year...
...recipients with incomes of less than $32,000, LRAP covers loan payments in full. And alumni who are married or who have a registered domestic partner can qualify for aid if they make...
...Greenspan's view, this peace of mind simply comes at too high a price. Look at today's mortgage rates: the average 30-year fixed rate is 5.7% vs. just 3.7% for the average one-year adjustable-rate mortgage, or ARM, which resets every year. On a $200,000 loan, the fixed rate costs $1,160 a month, while the ARM costs just $921 a month for the first year. What happens after that is where it gets interesting. Within two years the ARM could rise as much as 4 percentage points, bringing the monthly payment to $1,407. Most...
...rate starts out low and automatically adjusts downward without the cost of refinancing. Beyond that, Greenspan said, fixed-rate borrowers pay an excessive premium. In high finance there is a quantifiable cost to fix a rate for 30 years. Home-owners pay about 1 percentage point on their loan rate for it, while mortgage lenders (which must hedge their rate risk) pay less than half of that. Over the past 10 years, homeowners with a fixed-rate mortgage "might have saved tens of thousands of dollars had they held adjustable-rate mortgages" instead, Greenspan said...
...response, Summers cited his aggressive leadership in urging the U.S. government to bail out Mexico with a $25 billion loan in 1995. He then characterized his role in pushing for Harvard’s new financial aid initiative as leading by example. The new policy eliminates the parental tuition contributions for families making under $40,000 annually and lowers the parental contribution for households that earn between $40,000 and $60,000 annually...