Word: loansã
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...nevertheless consider national service opportunities such as Teach for America and the Peace Corps. It will increase the amount of money provided to students by raising the value of the Segal AmeriCorps Education Award—created to allow those pursuing service opportunities to simultaneously pay off their college loans??from $4,775 to $5,350 per year...
...safety net required by many lenders. Discussions with HUECU have been ongoing for the past six weeks, and the recently completed contract will take effect on April 23 for the next three years. The arrangement—which marks the first time that HUECU will be offering student loans??follows a similar deal penned in February with JPMorgan Chase and will increase the funding options available to international students. After Citibank abruptly pulled out of previous custom loan arrangements with Harvard and several other universities in October, Harvard administrators were left scrambling for alternative ways to help students...
Colleges and universities have seen tuition and fees outpace yearly inflation since the inception of the Guaranteed Student Loan program by the Johnson administration in 1965. Yet what President Lyndon B. Johnson intended as a supplement to college funding—loans?? has now become the main course...
Your editorial titled “Less Scroogerly College Loans?? (Jan. 22), gives the impression that Congress passed a law lowering the interest rate for student loans. Rather, the action was taken by the House of Representatives only. Therefore, the sub-headline “We applaud Congress’ decision to cut interest rates on federal student loans?? is misleading. The editorial does not clear up the distinction. According to the Chronicle of Higher Education (Section: Government & Politics, Volume 53, Issue 21, Page A24), the Senate may take up the matter in February. Until...
With typical bank loans not a viable option, Yunus redefined the terms of financing for these women, substituting honor and reputation for credit and collateral. He gave out small loans??just the equivalent of $10 to start—and soon found that the women were not very different from the best customers of the biggest banks in the largest cities in the world. Their greatest assets were their reputation; they valued their pride; they sought opportunity. He grouped his clients into teams and held them commonly responsible for their collective debt each week. Freed from the predatory...