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How could such a loan be justified?
Only the Fed could make such a loan.
"What is the point of giving such a loan?
He denied ever applying for such a loan, or receiving such a loan, adding that he had never heard of T.I.B.C. before its collapse.
It also covers nearly all the losses if a student defaults on such a loan.
Such a loan needs the approval of the State Bond Commission.
The pitch for such a loan generally revolves around a few benefits.
(Such a loan would carry an annual percentage rate of 391 percent).
Such a loan often takes the form of equity financing against the current property — to be paid off upon sale.
And analysts agree that Mr. Li would never have landed such a loan without his father's connections.
It wasn't hard to see what sort of person might like to have such a loan: one with no income.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com