Word: shapiro
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...current Harvard Educational Review, Economist Edward Shapiro of the University of Detroit argues that loan programs are unrealistic because they are unrelated to the borrower's ability to pay. He proposes a federally financed program that he believes would take "the sting" out of long-term student loans without cost to the taxpayer...
...Under Shapiro's plan, repayment would be geared directly to income. A former student would pay back nothing until his taxable income was more than $4,000 a year. The repayment sum would be 2.25% of taxable income at that level, rising progressively to 19.4% at the $10,000 level. Shapiro estimates that the average student loan would be paid back in ten years. The deficit created by a minority of defaulters and former students who fail to reach the pay-back income level would be met by assessing prospering graduates above the $5,500 income level a slight...
While most current programs have loan limits of $3,000 to $5,000, Shapiro's plan would enable a student to borrow whatever he needed to get him through college. Since tuition will doubtless continue to rise, the unacceptable alternative to a massive and flexible loan program, as Shapiro sees it, is to exclude more and more qualified students from the schools, a shortsighted and unprofitable way to invest intellectual capital. In education, current debt, individual or national, is future wealth...
Rowing in the second boat will be: sophomore Sam Perry, at bow; junior Pete Cummin, at two; sophomore Pete Walker, at three; senior Bob Clement, at four; sophomore Tom Shapiro, at five; junior Sarg Cheever, at six; sophomore Stu Gauld, at seven; sophomore Galen Brewster, at stroke; and senior Dave Perkins...
Jeff Cheeger, Paul R. Chernoff, James Dowling, Melvin Hochster, John N. Mather, and George Shapiro received honorable mentions...