Word: low-interest
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Like an ink blot spreading relentlessly across a clean blotter, Harvard may well continue to spread into and dominate Cambridge--or so city officials fear, in the wake of a new University loan program which offers low-interest, long-term mortgage terms to tenured faculty members buying nearby housing...
...Cambridge Option" plan allowing tenured faculty to purchase housing near the University at low-interest, long-term mortgage terms may adversely affect the Cambridge real estate market, city officials said yesterday...
University faculty who plan on buying homes in Cambridge this year will be eligible for low-interest, long-term loans under a new $2 million mortgage subsidy plan approved by the Harvard Corporation. Thomas O'Brien, financial vice-president, said yesterday...
...store crops to prop the price; federal purchases these days are limited to small amounts for foreign aid, school-lunch programs and the like. Instead, the Government encourages farmers to store on their own land any produce they do not want to sell immediately, by offering low-interest loans to build storage facilities. All over the Midwest, shiny new galvanized-metal bins with conical roofs have become as prominent as the traditional white frame farmhouse...
...National Guaranteed Student Loan program which provides federally-subsidized loans to students at an interest rate of only 3 per cent. This mix-up stemmed from the academic year 1976-77 when NGSL funds were denied to freshmen men so Harvard would have enough NDSL funds to continue the low-interest loans to upperclassmen. Radcliffe had plenty of NDSL money for all undergraduate women, but a number of freshmen women thought they too were ineligible and did not apply for the loans. When it was too late, administrators realized that Radcliffe would not be able to spend...