Word: repaying
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Dates: during 1960-1969
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...Court of Appeals for the Fifth Circuit has just reversed all the convictions, as expected. But the redress was unexpected. In an action brought by the Justice Department under the Civil Rights Act of 1957, the court not only ordered the county to repay fines collected from the defendants and to expunge all notation of the arrests and convictions from the records; but, most unusually, it also ordered the county to pay all costs incurred in defense of the baseless charges, including "reasonable" attorneys' fees...
...panel proposes that the repayment of government loans be based on the student's salary after graduation. Thus, a student earning more would repay more than a student earning less who received the same loan...
...Many of Reston's starkly modern town houses proved too costly ($35,000 to $47,000) to lure buyers. In an effort to assure full occupancy of the 15-story apartment tower that makes Reston a symbol of urbanity in the boondocks, rents were set too low to repay the mortgage loan. As Gulf took over, Vice President William L. Henry estimated that Reston would need an injection of $12 million more cash by 1970 to move...
...plan tying repayment to income could become enormously expensive for graduates with very large incomes, so the panel has provided for an escape route from the 40-year obligation. At any time, the student could repay the entire amount of his loan if he also paid commercial interest rates on the money he has borrowed. Andrew M. Gleason, professor of Mathematics and one of the panel's members, said that commercial rates would be about six per cent...
...student who had borrowed $4000 and who obtained a job paying, say $15,000 the year after he graduated might wish to avoid a 40 year commitment that would take a substantial portion of his income each year; he could elect to repay at once the entire $4000 plus six per cent interest...