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Herman Miller, a furniture maker based in Zeeland, Mich., established a loan program in 1995 for the company's top 150 managers.
So the group approached things differently, setting up a partnership with the East Biloxi Coordination, Relief and Redevelopment Agency, with which it established a loan fund that the agency will administer over the next 10 years.
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A Treasury spokeswoman, Michele A. Davis, said that the department was not required to establish a loan modification program.
Forward-thinking families might consider establishing a loan pool, a concept that was new to me until I heard about it this week.
The convention passed a resolution in favour of the idea (along with one calling on the provincial treasury to establish a loan department, an idea that came to fruition fifteen years later with the creation of Alberta Treasury Branches), against the stiff opposition of Attorney-General Brownlee.
With money raised through the Christmas appeal, Farm Africa will establish a loan-guarantee fund at the local Barclays bank.
In 1958, the federal government established a student loan program.
The College Cost Reduction and Access Act of 2007 established a public service loan forgiveness program that discharges any remaining debt after 10 years of full-time employment in public service.
Prime Minister Wen Jiabao pledged to grant African countries $10 billion in low-interest development loans over the next three years, to establish a $1 billion loan program for small and medium-size businesses, and to forgive the remaining debt on certain interest-free loans that China previously granted less-developed African nations.
After her death The Catholic University of America used a bequest of $700,000 from her estate to endow a chair and establish a student loan fund in the education department.
But until Mr. Paulson promises to establish a widespread loan modification program, Congress is unlikely to give him the second half of a $700 billion rescue fund he is seeking to undergird the economy.
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