Word: unpaid
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Dates: during 1980-1989
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Operations are far more businesslike, with federally mandated interviews for every student taking out a first loan or leaving school with a loan unpaid; with the responsibility of "validating" all of students' family need information for the federal government by checking tax forms; with more directives every day from the Office of Education, which five years ago almost never interfered in an individual college's life; and, most significant, with the institution of a system of monetary penalties for lateness...
...area farmers. Says Northrup: "A few farmers around here are on the edge. Next year, if things don't improve, I might have to tell five or ten that they ought to get out." This year, Northrup pressured his borrowers to sign up for the Government's unpaid land "set-aside" program. To reduce production and raise prices, 10% of each farmer's corn acreage was to be retired during 1982. Only a quarter of U.S. farmers participated; the effect on the crop was negligible...
...declined to predict if Harvard would permit the Justice Department to track down the approximately 30,000 alumni who owe Harvard money from unpaid student loans...
...Attorney for Eastern Pennsylvania recently began confiscating cars owned by delinquent creditors in his jurisdiction, and the policy has already begun bringing in unpaid student loans, a program official said yesterday...
Thus it was a jolt last week when AEG-Telefunken declared that it was insolvent and could not pay its bills. The unpaid debts amounted to $3.5 billion. In addition to being the largest corporate casualty in West Germany since 1945, the collapse of AEG-Telefunken symbolized the problems now facing the country that first gave birth to economic miracles. As the Frankfurter Allgemeine Zeitung candidly observed in a front-page obituary for the company: "This marks the end of all illusions...