Word: loans
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Dates: during 1950-1959
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...this rosy chorus of economic expansion, the one dissonant note struck last week came from Vance Brand, director of the U.S.'s Development Loan Fund. Henceforth, in granting aid to foreign countries, announced Brand, the fund will "place primary emphasis on the financing of goods and services of U.S. origin." From now on, in other words, the Development Loan Fund is going to demand that its aid dollars be spent in the U.S., even if the same products are available more cheaply elsewhere...
...recent years the West German government has underwritten some $2 billion worth of West German sales to underdeveloped countries at terms so stiff-repayment in four years, 6% or more interest-that time and again the U.S. has been obliged to bail out the overcommitted debtor with a dollar loan...
Over $450,000 in student loan funds, the largest amount in the history of the College, will be made available to undergraduates by the Administration during the coming year. The sum represents a $100,000 addition to last year's total...
According to Wilbur J. Bender '27, Dean of Admissions and Financial Aid, the loan increase will help swell the amount of College funds granted to nearly 50 per cent of undergraduates through scholarships, loans, and jobs to approximately $2.6 million...
Bender predicted that the loan fund, which has grown by 1000 per cent since 1949, "might double in the next ten years." Scholarship grants, he forecast, would increase to a lesser degree...