Word: repaying
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Under their proposal, which they stress is open to negotiation, the town would advance a medical student $2,000 a year at 3% interest for four years, provide and equip an office and guarantee a reasonable income once a practice is established. In turn, the student would repay the loan within three years of completing internship and military service, and would pledge to serve in the town as a general practitioner for at least a year. If the arrangement worked well, the students believe, the young doctors would stay for much longer...
...money remains highly sensitive to supply and demand. Banks are flooded with funds because the Federal Reserve Board has been expanding the money supply, but few companies want to borrow while business remains slow. Instead, corporations are floating long-term bond issues in order to raise funds to repay short-term loans that carry last year's steep rates. This month's offerings are expected to set a new record of $4.6 billion, topping the previous peak of $3 billion last May. Company treasurers are eager to stretch out the maturity of their debts so that they will...
...loss of income and other damages. The Government's own study shows that under today's liability system, litigation consumes 17% of the time of state courts and produces $1 billion a year in legal fees, but yields only 44 cents out of each premium dollar to repay victims for their losses...
That the moral obligation to repay the university is stronger than any legal bond. "It would be foolish," Peterson said, "to throw away three million in alumni gifts for two million in tuition...
Peterson discussed Harvard's plans on Sunday in light of reports that Govenor John J. Gilligan of Ohio will introduce later this week legislation which would create a new form of deferred tuition that would require virtually all the students in the Ohio public university system to repay eventually the cost of their education...