Word: ponement
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Deferred payments are one-year loans at 7 per cent for the amount in excess of what the graduate can pay, which may be renewed so long as the graduate remains in a low-income situation. Applications for post-ponement of payment are to be decided on the basis of Federal income tax returns. If any indebtedness remains after 13 years, the graduate may apply to have the loan "forgiven," with all repayment obligation cancelled...