Word: loans
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Dates: during 1950-1959
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...HELP loans will bear interest one-half per cent in excess of the "prime rate" in Boston at the time that the loan is made. In Boston at present the "prime rate," that paid by the biggest borrowers with the best credit, is four per cent...
Under the terms of the "Higher Education Loan Plan" ("HELP" loans), student borrowers will sign notes due and payable six months after graduation, but they may receive from the bank an agreement to extend the note as much as three years beyond this date...
...loan project has attracted attention in other states. In New York, a bill to establish a "higher education assistance corporation" has administration approval. Groups in Maine, Rhode Island and Connecticut have expressed interest in seeking similar legislation in these states...
...suggested that the oil companies might like to offer financial aid towards construction of the refinery. Last week word came from Brazil that Petrobrás had accepted a Texas Co. offer to supply 15,000 bbl. of crude a day and to make a fiveyear, 6% loan of $6,000,000 to help cover the refinery building costs...
...deal was profitable in both directions. By offering the loan. Texaco built good will for continued sales of refined and crude products, helped build future demand. For Brazil the new plant will boost daily refining capacity to 243,000 bbl., 68,000 bbl. more than current consumption. When the refinery is built, Brazil will be close to balancing consumption and refining capacity for the first time in its history. Petrobrás, however, is not yet out of the woods. Domestic production of crude oil is an embarrassingly low 25,000 bbl. a day-and exploration and development work still...