Word: payed
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Dates: during 1980-1989
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...junior entered Emory University two years ago, her total bill, including tuition, has jumped from $13,900 to $16,100, an increase of almost 16%. Despite a patchwork quilt of aid that includes scholarships, loans and an on-campus job, Kenner's father, a train conductor, must now pay $6,000 out of pocket to send his daughter to school this year -- $2,000 more than in 1987. To help make ends meet, her mother recently took a job as a data processor. "I told my parents I'd go somewhere else," Kenner says, "but they wanted me to stay...
...bills mount, many parents suspect that institutions are kicking up their fees at will, knowing that families will pay almost anything to give their child the cachet of a Harvard or Yale degree. "It's Chivas Regal pricing," says Kalman Chany, president of Campus Consultants Inc., a Manhattan-based financial-aid consulting firm. "The most selective schools can afford to charge what they want because they've got lines out the door of people who want to go there...
Sometimes, winning your heart's desire is the first step toward losing it. Canadian developer Robert Campeau is learning that lesson, and has only begun ; to pay the price. A onetime machinist's apprentice and a self-made real estate tycoon, Campeau, 66, borrowed his way to the top shelf of the U.S. retailing industry. He spent $3.6 billion in 1986 to buy the Allied group of stores (holdings: Brooks Brothers, Bonwit Teller and Jordan Marsh). Last year he won a $6.6 billion bidding war with R.H. Macy for control of Federated Department Stores, a costly victory that gained...
Campeau had created problems for himself at a headlong pace. Even as he scooped up retailers, Campeau made plans to build dozens of big department stores. While he spun off such acquisitions as Brooks Brothers and Bonwit Teller to pay part of his $11 billion debt, he insisted that his remaining chains could churn out enough cash to make interest payments, finance expansion and yield profits as well. Instead, the cash registers rang slowly as the retailing industry suffered from stagnant consumer spending...
...retrospect, it is clear that the state should have used more of its oil income (an estimated $2 billion a year) to regulate the industry more tightly. Instead, the oil money has flowed into entitlement programs, which pay all Alaska residents an annual stipend of some $800 and senior citizens an additional guaranteed income of $250 a month. Even today Alaska officials bristle at the suggestion that residents who benefit from oil shipments should be made to share some of the burden of safeguarding them...