Word: loans
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Dates: during 1940-1949
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...University's generous loan funds were set up out of genuine concern for the less prosperous undergraduate. In the majority of cases, loans with an interest rate of four and one-half percent or less are granted without collateral, and the University occasionally sanctions outright gifts of money to needy men. Nevertheless, the lending program remains anchored in the past and cannot successfully aid a student population three-quarters veteran. Lehman Hall insists on treating veteran loans in the same category as those to other students when the two cases are vastly different. It makes no provision for the fact...
Several banks recognize the multi-fold problems facing check-shy students and have instituted a service which for a moderate fee advances the money and undertakes the tracing of a late government check. Since commercial establishments can shoulder student worries for a small fee, the University's non-profit loan office should extend a similar program virtually free...
Last week Benny Meyers would have been better off at 30,000 feet with a Zero on his tail. Hughes had testified that Meyers had asked him for a postwar job, and for a $200,000 loan to buy some $10,000,000 in war bonds on margin. Neil McCarthy, ex-Hughes executive, declared that Meyers told him "he had the same kind of deal with other people...
There was one item of good news with the bad. Canada, which went through World War II without a foreign loan, will get a $300 million loan from the U.S. The Export-Import Bank will furnish it, if private financing is impracticable. But another $300 million must come from the savings in consumers' goods from the U.S. Devaluation of the Canadian dollar-often rumored-was "considered and rejected," said Abbott...
Fighting Men. The Netherlands was next. There were solid reasons why Mr. King was a hero there. The Netherlands has already sent 5,000 of its citizens to Canada since the war's end. Canada was the first nation to give The Netherlands a postwar loan; Crown Princess Juliana lived in Ottawa during the war. Most important, it was Canada's army that drove the Germans...