Word: loans
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Dates: during 1940-1949
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...year from Aramco in 1941, on the threat of tearing up its multi-billion-dollar concession in his country. Moffett claimed that he had persuaded Franklin D. Roosevelt to propose that Ibn Saud's sagging treasury be propped up with money from a $425 million U.S. loan to Britain...
...take the $30,000-a-year Waltham presidency. Since it was RFC which had lent Waltham $6,000,000 to pay debts and resume production, Pearson asked: "Did Waltham offer the lush salary to Hagerty because he deserved it, or as a reward for helping swing the RFC loan?" Retorted RFC: Hagerty did recommend the loan, but RFC headquarters in Washington had the final word. What job he took was his own business. Last week a federal court gave final approval to the deal with RFC, a whistle blew at Waltham and the company started making watches again...
...plans for enlarging Harvard's student loan facilities were proposed by Monro. The first, which has been employed at Yale for ten years, would provide for a maximum loan of $600 per year interest free until five years after graduation from college. Then there would be a 4 to 41/2 percent interest rate on the loan until it was completely repaid...
...second plan which MIT has used since 1929 involves similar loans which are paid back at a rate of $50 per half year after graduation and pays a continuous 1 percent interest rate on the loan. Which plan Harvard may adopt is still completely undecided and the question brought considerable debate at the Council meeting...
...Loans: The Committee has recommended that there be a reduction in interest rates on long-term loans granted by the College, and that money be made available for large amounts of such loans to undergraduates. At present grants from the College loan funds carry an interest rate of 41/2 per cent. We are presently studying loan fund systems of other colleges which charge no interest at all until after graduation, or very low rates of interest of 1 or 2 per cent...