Word: loaning
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Elizabeth M. Hicks, Harvard's coordinator of financial aid, says the loss of the in-school interest subsidy on student loans would increase the cost of a student's Stafford Loan by nearly 20 percent...
Students borrowing $17,125, the maximum amount allowed under the Stafford program, would either see their monthly payments raised by $41 or their loan repayment time extended by 3.4 years, Hicks says...
...next day that organization asked ceos of more than 200 companies to contact an accompanying list of freshmen Republicans and push for support. Rubin and other officials began telephoning reporters and editors with spin. No one disputed that the stakes are high. Treasury's Rubin argued that if the loan guarantees were defeated, financial markets would panic in Mexico and in other emerging countries. ``You have the prospect of very serious ramifications in Mexico,'' he told Time on Friday, ``and because of the role that Mexico has had as a prototype with respect to developing countries, the very real prospect...
That, in the end, may be the most powerful argument the White House has. By late last week officials affected confidence in an eventual victory on the loan guarantees. Still, they said, Clinton would have to devote a portion of his crucial speech to the issue of assisting Mexico. The situation is consistent with his record. Once again, an exercise in crisis interrupts Clinton's attempts to define himself, trimming his political capital--and perhaps his longevity...
...conflict and further unnerved by the atmosphere of political uncertainty, drove the ruble toward an all-time low against the dollar, even as a delegation from the International Monetary Fund was in Moscow to review the govern- ment's commitment to economic reform. At stake is a $12 billion loan package to back an economic-stabilization program. Parliament jeopardized that program last week by deciding to delay a critical vote on the 1995 budget that is intended to curb runaway government spending and re- duce the deficit. A revised budget, now being hastily put together by government economists, is supposed...