Word: loansã
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...Committee on Education and the Workforce were to become law, Harvard would rank 11th in greatest losses in Supplemental Educational Opportunity Grants (SEOGs) among American post-secondary institutions, as it faces $844,000 in annual cuts. Harvard could also see a projected decline of $629,000 annually in Perkins loans??losses that would be eclipsed only by those suffered by three other universities...
...conservative American Enterprise Institute offered dire predictions of even higher costs if interest rates continue to rise; Republicans—and some Democrats—have since latched onto the issue. Proponents of the bill would offer students variable rates, forcing them to pay the going rate on loans??a move which could make going to college prohibitively expensive for many young people...
...cost of attending college—and the cost of repaying loans??becomes more expensive, it will also reduce the array of career options available to students on financial aid. Rather than working as a nurse or taking a job as a teacher—both fields where demand is incredibly high—more and more graduates will seek more lucrative jobs so that they can pay back their debts. America is better off when more college graduates choose to give back in public service, and this proposal prevents many students from realistically pursuing that option...
...advocated the implementation of micro-loans??programs that extend credit to the poor who are unable to provide banks the collateral they demand...
...first time in eight years, HMS will increase the amount of their “unit loan”—which includes federal and Harvard loans??from $20,000 to a fixed $22,500 for students who entered HMS before the announcement...