Word: repayment
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...fund for that purpose with an unusual feature that absolves unsuccessful prospectors of any risk. If a project such as drilling for oil turns out to be a flop, the government will simply write off the loan as a loss. If it is a success, the private developers will repay the money that they borrowed for the venture at a high interest rate to replenish the fund. No less an effort, and probably a far larger investment, will be needed if Japan's economy is to triple in size by 1980, as the government plans...
...Duke plan, which would allow a limited number of students to defer payment on up to $1500 of their tuition and repay the university over a period of 30 years, follows in outline the Yale proposal...
...major advantage, says Princeton Provost William Bowen, would be that "the student who enters a relatively low-paying field would not be saddled with a huge debt." If a graduate student borrowed $2,000 and later earned $10,000 a year, he would repay only $90 annually. In that case, PAYE would recover $2,700 after 30 years, not enough to repay his debt and its interest completely. PAYE would be in the hole...
...would make up the difference? Prosperous graduates, who would pay more out of their higher incomes and thus subsidize the others. If a $20,000-a-year man had borrowed $2,000, for instance, he would repay $180 annually, or a total of $5,400 over the 30-year period. Those expecting to become affluent would have an incentive to join the plan at the beginning of their education as insurance against financial problems later. If they had enough money at midcareer, they could "buy out" their obligation for twice what they had borrowed, plus accrued interest...
...convicted offenders to recover the money. States would get federal grants to copy the plan. Of all U.S. offenses, 87% are property crimes, and restitution as the entire punishment makes sense in many cases unless violence is involved. Variations include Sociologist Charles Tittle's idea: the state would repay victims immediately, then confine and employ property offenders at union wages, keeping half their pay and putting the rest in trust for their use upon release...