Word: loaning
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Should it pass, Massachusetts would be the first state to offer a tax deduction on student-loan interest, a deduction that would benefit current students and recent graduates...
...Massachusetts, the average is twice that amount. For students attending private colleges, it is not uncommon to graduate with $40,000 or even $50,000 in student-loan debt...
...students eligible for aid, the College gives a combined job and loan offer around $6,000 to $7,000. Any remaining financial need is met through a combination of outside scholarships, federal grants and University scholarship funds. This year, those scholarships averaged $15,400 per aid recipient...
...passed by July 1998, the state bill would be a companion to the federal student loan tax cut that Congress passed as part of Clinton's education package last year...
...encourage more bold acts. Indeed, the ink hadn't dried on this page when giant Yamaichi Securities said it too would liquidate--and regulators pledged cash to protect the firm's clients. Japan's financial system has some $500 billion of uncollectible debt--reminiscent of the savings-and-loan mess in the U.S. a decade ago. America's taxpayer-financed bailout was painful, costing more than $300 billion. But once lenders were healthy again, they sowed seeds for today's miracle economy. Until Japan goes through something like that, it won't get much of a recovery...