Word: repayable
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Dates: during 1980-1989
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...loan forgiveness program, which was announced by Allison as part of a broader series of public service initiatives, is designed to insure that Kennedy School alumni with incomes less than $30,000 a year will not have to spend more than 10 percent of their income to repay educational debts...
...students--totalling $5.6 billion--is going unpaid. By the end of the decade, annual government payments on defaulted loans will increase 10 times, from $209 million in 1978 to $2 billion. Bennett is right on the money in calling for a crackdown on students who borrow and don't repay...
...soaring numbers of students who fail to repay their loans has shocked congressmen and sent Administration and college officials running to find a solution. The government's annual payment on defaulted loans will jump 10-fold from $209 million in 1978 to $2 billion by the end of the decade...
Under the Bennett plan, schools at which more than 20 percent of those students with GSLs fail to repay their debts will lose access to all federal financial aid programs, including Pell grants and College Work-Study. The plan, which does not need Congressional approval, will impose its first cuts in 1989, the Secretary said...
First came a vague foreboding, a kind of free-floating anxiety. The U.S., said worriers, could not go on forever spending more than it would tax itself to pay for, buying more overseas than it could earn from foreign sales, and borrowing more abroad than it could easily repay. There had to be a day of reckoning, and it could unhinge the whole world economy. But when might it come? What form would it take? How bad might it be? No one could say, and so the forebodings could be pushed to the back of the mind...