Student Loan Shortage May Occur in February
The endowment association may run out of funds again in February.
Heavy borrowing in February could mean a repeat of the office's October situation when the endowment association ran out of loanable funds.
ROBERT BILLINGS, director of the office of aids and awards, said the office expects to make approximately 600 loans totaling $100,000 in February.
These programs are sponsored by the KU-Y.
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The Yale Russian Chorus, singers of Russian folk music from Yale University, will appear here March 19.
KU will hear a Russian concert this spring and may also host a Russian-exchange program.
Beatty Hunter, Hutchinson freshman in charge of the programs, said the exchange program might be in the spring. He said a letter from the East-West Relations Committee arranging the Russian tour has indicated that the Russian students touring the western United States may stop at KU in March or April.
THE RUSSIAN-EXCHANGE is pending final verification, depending on whether Russian students touring the United States can stop here.
Russian Exchange Program Possible
If these students can come, Hunter said, the program would be similar to the Russian-exchange program held here in 1961.
"WE WOULD INVITE them to speak at forums and lectures," Hunter said, "and introduce them to mid-western living."
The Yale Russian Chorus is a 30member group of American students versed in Russian folklore and history and proficient in the Russian language.
Billings said that he expects an increase of 25 to 30 per cent in the volume of student loans next semester.
Touring Russia last summer, the group won wide acclaim among the people for their singing of Russian folk songs.
"Business is greater second semester. Students usually have enough money saved for the first semester," he said.
"WE ENCOURAGE people who need help to come in early. If they wait we may not have the money to help them."
The National Defense Student Loan Program provides that students may borrow as much as $1,000 a year at three per cent interest. Loans for a student's entire college education may not exceed $5,000.
Loans are made on the basis of need and scholarship. An over-all grade point average of C is required. Long-term loans are payable at the rate of three per cent.
THE UNITED STUDENT Aid Fund is sponsored by local banks. Students may borrow $1,000 a year or a total of $3,000 at six per cent. Repayment begins four months after graduation.
HE POINTED to several other financial plans open to students.
Billings said that the reasons most people are turned away are low academic record and insufficient need.
Students have 30 months in which to repay the loan.
It is better to borrow and take a part-time job to finish school and get out in an earning situation than to leave school, Billings said.
Repayment of the principal is ten per cent per year beginning one year after graduation and completion of military service.
John B. Johnston assistant professor of mathematics, will discuss "A Formulation of Logic" during a mathematics staff seminar at 3:30 p.m., Nov. 29, in 119 Strong Hall.
Math Prof. to Discuss Logic
Tuesday, Nov. 27, 1962 University Daily Kansan
SPALDING. England — (UPI) — The Rev. Graham Jakeham said today attendance at his church has picked up marvelous since he did a little modernizing.
Less Sermon, More People
He streamlined his service from 80 to 67 minutes.
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