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Newspaper
Mount Dora Topic
Location
Mount Dora, Florida, United States of America
Date
Jan 08, 1959
Page
7
The new education bill creates a federal college loan plan open to freshmen. Students may borrow up to 1000 a year, total 5000, with 3 percent interest after a one year grace. Repayment spans ten years with military service pauses. Grants may cancel for teachers or total disability. Graduate fellowships offer 2000 to 2400 yearly plus allowances.
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