Word: loans
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Dates: during 1980-1989
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When she left her work as a receptionist at the California Federal Savings and Loan Association office in West Los Angeles to have her first baby, in 1982, Lillian Garland figured she would simply take a short, unpaid disability leave and return to her job, a right guaranteed by state law. But there were complications. Garland's baby girl was delivered by Cesarean section, and her doctor prescribed a three-month leave. When she returned to Cal Fed, Garland found that her position had been filled. "I didn't know what to do," she says. Unemployed and unable...
...partnership of AT&T and Spain's Telefonica. The factory will soon begin producing 3,000 highly complex custom-made electronic microchips a week for export. AT&T was lured in part by the Spanish government's aid, which included a $74 million cash subsidy, a $75 million loan and 400 acres of land...
...Administration hopes to make these cuts palatable by seeming to liberalize the federal Guaranteed Student Loan (GSL) program, but the package of proposed changes in GSLs would only exacerbate the problem of student indebtedness. Reagan's budget would increase the loan ceiling to $50,000 and to adjust repayment of loans to income levels. However, students would also have to borrow money at market rates and to begin paying interest as soon as they take out loans, instead of being forgiven interest until graduation. The bottom line is that students will graduate much further in debt. Even adjusting repayment...
Thus on January 1 the Adminstration released its proposed budget for fiscal year 1988. This story got the big play it deserved. That same day, however, Education Department officials announced that the Administration would ask for a dramatic expansion of a student loan program that links repayment to the debtor's income. Sounds like a good idea...
...Administration's response? Allow students to borrow even more and cut federal subsidization of educational expenses further. Under current loan programs, the government pays the interest on loans while students are still in college and subsidizes that interest rate after graduation. No more, if Reagan and Bennett have their...