Word: loans
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Dates: during 1950-1959
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Last week Reporter Jack Steele of the New York Herald Tribune (see PRESS) broke the news that Flo and Chuck were an influential twosome when it came to getting loans from the Reconstruction Finance Corp.* In May 1950, they called on three RFC directors on behalf of one Sam Fleisher, a Minneapolis contractor who wanted to build a ritzy waterfront hotel in Miami Beach. Fleisher's loan application had been turned down four times, but a few days after Flo and Chuck made their rounds, a loan for $1,100,000 went through RFC with no trouble. Reporter Steele...
...World Bank loan to North Korea...
...Student Loan Fund...
Financial assistance is provided by the Student Loan Fund. In order to qualify for any further financial assistance, men are required to borrow a sum of $1500 at an interest rate of 4 1/2% which begins to accumulate only after graduation. The money must be repaid within four years after the student has left the School...
...falls into two types: the Student Loan Fund, and the interest-free advance-in-aid, on which there is no legal, but a moral commitment to repay. These forms of aid give the School a continuing income on repayment of loans, interest, and grants...