Word: perlis
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Dates: during 1940-1949
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...plans for enlarging Harvard's student loan facilities were proposed by Monro. The first, which has been employed at Yale for ten years, would provide for a maximum loan of $600 per year interest free until five years after graduation from college. Then there would be a 4 to 41/2 percent interest rate on the loan until it was completely repaid...
...second plan which MIT has used since 1929 involves similar loans which are paid back at a rate of $50 per half year after graduation and pays a continuous 1 percent interest rate on the loan. Which plan Harvard may adopt is still completely undecided and the question brought considerable debate at the Council meeting...
...post-war inflation of costs has created a scholarship problem for the College. The minimum cost of going to Harvard College has increased about 50 per cent from about $1000 in 1940-41 to about $1500 or more now. Our scholarship money which comes from endowment has, of course, set increased anything like this amount...
Loans: The Committee has recommended that there be a reduction in interest rates on long-term loans granted by the College, and that money be made available for large amounts of such loans to undergraduates. At present grants from the College loan funds carry an interest rate of 41/2 per cent. We are presently studying loan fund systems of other colleges which charge no interest at all until after graduation, or very low rates of interest of 1 or 2 per cent...
...Meteorological Society the latest word on Jupiter's atmospheric oddities. Oddest is the "red spot," a cloud 30,000 miles long and about 10,000 miles wide which goes around the planet's axis in a little less than ten hours. Its speed varies a few yards per second; so do the earth's westerly winds. Both, presumably, are reacting to a common cause-something in the sun. Dr. Panofsky would like to know what...