Word: low-interest
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Financing big solar units for houses has been a problem, but increasing numbers of banks and mortgage lenders now offer solar loans. The New England Merchants National Bank of Boston recently introduced a maximum $10,000, low-interest Energy Saver's Loan, and the San Diego Federal Savings and Loan Association offers low down-payment mortgages for new houses that use some form of solar power. The Bank of America has made about 2,000 loans, totaling more than $3 million, on its solar financing program, almost all of them in California, where Governor Jerry Brown's ambitious...
Congress has begun to show willingness to back solar development projects. Eight solar energy bills were introduced this year, including proposals for low-interest equipment loans, start-up assistance for small solar firms, and requirements that federal facilities use the maximum amount of solar power. Due to a lack of support from either OED or President Carter, however, the total federal solar energy budget is seven times less than that granted for nuclear power development...
...newest revelation: Radcliffe may have to cut back drastically next year on the number of women with low-interest loans from the National Direct Student Loan (NDSL) program because the government slashed Radcliffe's grant by 45 per cent. This mix-up ironically stems from the academic year '76-'77, when freshman men were denied NDSL loan funds so that Harvard would have enough to continue its loans to upperclassmen. Radcliffe had plenty of NDSL money for everyone, but a number of freshman women thought they too were ineligible and did not apply for loans. When it was too late...
JOBS. The Federal Government will offer tax breaks, subsidies and other inducements for businesses to remain in poor neighborhoods, to set up plants in them or expand existing ones. As a further incentive, a National Development Bank, nicknamed Urbank, will be created to offer the businesses low-interest loans...
...Supplementary Education Opportunity Grant program (SEOG) funds that individual schools would allocate mostly to middle income students. The College Work-Study Program would get an extra $50-70 million and the Guaranteed Student Loan Program would be increased so that all students would be eligible for federally subsidized low-interest loans no matter what their income level...