Word: repays
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Another proposal would allow graduates to repay loans at a monthly rate based on their income, rather than at a set rate...
...withhold stabilization funds. Russia also lost access to promised aid when it failed to make payments on its estimated $80 billion in foreign debt. That attitude is changing: just before the summit, the Paris Club, an informal group of creditor nations, agreed to give Moscow another 10 years to repay $15 billion in interest and principal originally...
Clinton is convinced that to help Yeltsin strengthen his hold on power, the U.S. must deliver visible, practical assistance to Russia quickly. He will offer an aid package weighted toward outright grants rather than more loans, which Russia is already finding hard to repay. The plan will put together $417 million now available and another $286 million Clinton is requesting from Congress for humanitarian and technical...
Clinton is pushing the G-7 hard to do more, starting with rescheduling Russia's foreign debt of around $80 billion -- even though Moscow may never repay some of the loans. The U.S. is urging the World Bank and the International Monetary Fund to find ways to help stabilize the Russian economy and the ruble and to ease some of their restrictions. The Administration says the World Bank is taking too much time to design its assistance programs. "The priority," says a White House official, "should be getting resources on the ground and doing something...
...Clinton said he did not want to create "a national bureaucracy." He said he hoped to establish a new system of direct loans to students, eliminating $4 billion worth of administrative expenses and loan defaults and allowing borrowers to repay their debt as a percentage of their future income, rather than in fixed installments...