Word: payee
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Velikovksy, who had practiced psychoanalysis before studying the history of man and the cosmos, first introduced himself to the physical science community when he sought out Professor Harlow Shapley, then director of the Harvard Observatory, to gain comment on and an evaluation of his concept of cataclysmic history. Shapley refused...
Under the Eli version of Pay As You Earn (PAYE), students who say "charge it" will repay the debt at the rate of .4% of their adjusted gross income for each $1,000 borrowed. Thus an alumnus who had borrowed $4,000 and had an adjusted income of $10,000...
A rising number of conventional student loans are being defaulted, Yale officials say, because the usual five-to ten-year repayment schedule takes too large a bite from the borrower's income when his earning power is lowest. Because PAYE is geared to long-term income, the plan should...
Negative Dowry? Wives who did not work would bring their husbands a "negative dowry" of unpaid obligations, but under one version of the plan, their repayments would be limited and only taken out of the first $ 10,000 of the family's annual income. The hypothetical payback rate of...
PAYE's most energetic champions are Yale President Kingman Brewster Jr. and M.I.T. Physicist Jerrold Zacharias, a fiery curriculum reformer. They and their supporters originally hoped that the scheme would help colleges to ease their financial squeeze by raising tuition. In turn, PAYE would help students raise the cash...