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Each local alumni group having the privilege of nominating
an Alumni Scholar will be required to match the $50.00 advanced from
the fund in the Endowment Association with at least a similar amount.
The matching money put up by locel alumni must be contributed by one
or more of the alumni, not taken from a local loan fund already in
existence. The money given by the local group of alumni may be
awarded cither to the same student getting the assistance from the
general fund as additional aid or mey go to another student, or
students. The moncy contributed by local groups willbe sont in
to the K.U. Endowment Association to be administered there under the
same regulations as that now in the fund. In future years when it
is repaid by students who have used it, such repayments will be
added to the general Alumi Loan Scholarship Fund for Freshmene

If a student is given an additional $50.00 award by the
local alumni, the second $50.00 will be advanced to him at the
beginning of the second semester, after enrollment. The first
$50.00 award will be advanced after enrollment but in time to pay
fees for the first semestore

Each local alumni group will have the privilege of granting
only one Alumni Loan Scholarship for Freshmen from the general fund.
As many can be provided locally as desired.

The University Committee on Aids and Awards will make
further regulations if any sre needed under which prospoctive
students nominated by alumni groups shell be approved for Alumni
Loan Scholerships for Freshmen. It is known thet the committee
will likely require that cach recipient rank in the upper 20% of
his graduating class and will favor those who need finencial
help in getting on educatione