Word: stafford
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...bill, called the "ROTC Campus Access Act," would prohibit any federal monies--including those earmarked for Stafford and Pell Grants--from being awarded to colleges that place restrictions on the creation or maintenance or ROTC programs on campus...
Republican budget hawks have threatened to cut the size of Perkins loans and the interest subsidy on Stafford loans. But the worst is yet to come--the Republicans also want to abolish the federal Work-Study program. These devastating proposals ominously recall a satirical piece that appeared on this page ("Contract With Harvard," Dartboard, Jan. 6, 1995). "The administration has cut 50 percent of aid allotments in order to trim Harvard's deficit...Sadly, Work-Study jobs now belong to the past," the piece joked...
...Dartboard article was all too prescient. Cutting the interest subsidy on the Stafford loans would raise students' payments for their undergraduate education by up to 19.4 percent in total. The neediest students would be charged proportionately, and thus hurt the most. At the loan maximum of $17,125, students would have to squeeze out an additional $3,320 in payments...
...RUTH STAFFORD HAD BIG PLANS THIS year for Kiva Container Corp., a fast-growing maker of corrugated packing boxes whose sales jumped 15% in 1994. But when business began to stall in recent weeks, Stafford had to think again. She put off spending $500,000 on new equipment and adding nine workers to her payroll of 60. "Our customers are reluctant to buy boxes because they are beginning to see their own orders slow,'' says Stafford, president of the Phoenix, Arizona, company. "And that's a big change from what we had been seeing...
Such concerns have helped darken the outlook for executives like Stafford. Instead of the strong earnings she once expected, Stafford looks for profits at her company to be "stagnant or slightly down this year.'' Meanwhile, she is keeping her expansion plans on hold for at least six to nine months. She may know by then whether Greenspan has indeed trimmed growth by the amount he intended-or sent the recovery packing...