Word: loans
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Harvard has signed another custom loan agreement to increase borrowing options for graduate students, some of whom have had trouble securing funding in the wake of the credit crunch, University officials announced yesterday. The deal with the Harvard University Employees Credit Union will allow eligible Harvard graduate students to borrow a maximum of $250,000 for their education without a co-signer—a safety net required by many lenders. Discussions with HUECU have been ongoing for the past six weeks, and the recently completed contract will take effect on April 23 for the next three years. The arrangement?...
...guava orchards in the heart of rural Punjab. He trumpeted the National Rural Employment Guarantee Act, a welfare scheme for the poor that offers a minimum of 100 days of paid work to one person per family per year, and boasted about the Congress Party's $14 billion loan-waiver program for farmers, the largest ever in India. There have been widespread reports of money being siphoned off from these programs, but Gandhi deflected those criticisms, instead blaming corruption and inefficiency on the Punjab state government, which is controlled by a regional rival of the Congress Party. "The money disappears...
...government with a way to aid the domestic auto industry without giving Detroit any more direct handouts. "There's a lot of justifiable taxpayer reluctance to keep helping the auto industry," says Goldstein of the Center for American Progress. "Politically this is a viable alternative to sending them additional loan money...
...credit cards among college students has risen to an all-time high, according to a report released Monday by student loan company Sallie Mae. According to the report, college students own an average of 4.6 credit cards, and the mean credit card debt has increased from $2,169 in 2004 to $3,173 last year. But students who discussed credit card use with their parents were less likely to overspend, according to the report. “Students indicated that they wanted more information about smart money management and they wanted it earlier than even college,” said...
...Once shy of making major foreign investments, Beijing has gone on the prowl for resources and underpriced assets across the globe. Cash-rich Chinese companies, backed by soft loans from state banks and re-energized by lower labor costs as jobs dry up, are descending on Central Asia, Africa and even Western Europe to snap up assets. State mining company Chinalco has tabled a $19.5 billion bid for British-Australian resources giant Rio Tinto. Beijing has launched a fund to buy distressed assets worldwide, inked a deal with Brazil's Petrobras and provided Russia with a $25 billion loan...