Word: loaning
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...grants are denied to deserving students and as individual loan debts skyrocket, millions of students will no longer be able to go to college," Senator Edward M. Kennedy '54-'56 said in a statement last week...
...committee proposes keeping the loan origination fee paid by students at its current level of 3 percent. And it proposed maintaing the interest rate reduction on new loans scheduled to take place in July...
...Kenneth Starr's investigation suffered its first major setback when an Arkansas federal judge threw out one of the two indictments Starr recently obtained against Arkansas Governor Jim Guy Tucker. Judge Henry Woods ruled that charges growing out of a cable-TV deal, which alleged Tucker had falsified a loan application and schemed to evade taxes, dealt with matters beyond the counsel's Whitewater jurisdiction. Starr said he would appeal...
...Whitewater investigation of special prosecutor Kenneth Starr. "This is a major blow to Starr," says Washington correspondent Suneel Ratan. "It means that he can no longer go after whomever he wants. His authority is being cut back." Tucker, a Democrat, had been accused of obtaining a federally backed loan under false pretenses and trying to avoid taxes. U.S. District Judge Henry Woods said the charges bore no resemblance to the matters Starr has been assigned to investigate. Ratan cautions, however, that Starr can, and probably will, appeal Woods' decision...
...Clinton associates in the Whitewater deal were indicted by a federal grand jury in Little Rock. James McDougal and his former wife Susan were named in a 21-count indictment that included charges of fraud, conspiracy and making false statements to obtain federally backed loans. And there were 11 new charges against Arkansas Governor Jim Guy Tucker, who did legal work for the failed savings and loan owned by the McDougals. (Tucker was indicted in June on separate charges.) President Clinton and his wife were not charged-as an accompanying press release from independent counsel Kenneth Starr pointed...