Word: repay
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Payoff. Washington so far has picked up 75%, or $175 million, of SST development costs, and the bill may well soar to $4 billion. The Government intends not only to recoup its money but also to repay the losing firms' investment through still unspecified production royalties. Boeing has poured in $30 million of its own, has 2,400 Seattle technicians at work on the project. Lockheed has invested nearly $31 million in ten years of research and facilities for 1,900 engineers and other experts. In the engine competition, G.E. has spent $20 million, United Aircraft about $15 million...
...year proposition would have been impossible. NDEA, if the experience of Harvard students is any indication, has been a dependable, easily accessible source of money. Graduate and undergraduate students may now borrow up to $1000 a year interest free while they are in school; after graduation, they begin to repay the principal and pay interest at three per cent...
Johnson has failed to realize that the proposed revisions would be more expensive than the present plan. Under the NDEA, the government is the banker; students get 90 per cent of their money from the government--the colleges put up the rest--and they repay the full amount after graduation. But under the guaranteed loan plan, the government would be subsidizing the interest on student loans and that money, paid to private banks or lending agencies, would never be returned to the government...
When he graduates and begins to repay the loan, the government would pay up to three per cent of the interest. This is roughly the way the government now handles G.I. loans and insured mortages...
Ahead were more talks between the monarchs. Iran's Shah will soon repay the visits by Hussein and Feisal with trips to their capitals...