Campus/Area
Tuesday, Aug. 27, 1985
R
University Daily Kansar
Cosigner required for loans
By Mike Snider Of the Kansan staff
Students with financial difficulties may have to let parents know about their situation if they plan to use a short-term loan from the Kansas University Endowment Association to help solve their problems.
Bill Shunk, KUEA loan officer, said yesterday that the Endowment Association now required a cosigner on its short-term loan application. A short, cosiger financial statement is included with the application.
Cosigner do not have to be parents, but they cannot be KU students, staff members or faculty members. There is no age requirement to be a cosigner for the loan, but the cosigner must fill out the financial statement and prove that he can repay the loan if needed, Shunk said.
The change went into effect June 1 and should increase the chances that loans will be repaid, he said. He estimated that the Endowment Association could save as much as $50,000 by increasing the security on short-term loans.
The Endowment Association issued about 7,000 loans in fiscal 1985 to KU students. About 1,000 of the loans went to students in the College of Health Sciences, he said.
The Endowment Association lost about $80,000 because of uncollectible loans in fiscal year 1985, Shunk said. That figure amounts to 3 percent of the money loaned in the period.
Last year, undergraduate students could borrow as much as $1,200 and graduate students could borrow up to $2,400. This year, undergraduates can borrow up to $600 from the Endowment Association and graduate students can borrow up to $1,200.
Loan officers in the financial aid office in Strong Hall base the amount of individual loans on the student's need, Shunk said.
The Endowment Association reduced the loan limit because of an increase in need for the short-term loans, Shunk said.
Now, the Endowment Association reviews loan requests individually, according to a student's need and ability to repay, Shunk said.
Employees of the Endowment Association had considered requiring cosigners for about a year before the Association's executive committee made the policy, he said.
Students decorate by renting art
By Bengt Liung
Of the Kansan staff
For the price of a Sunday newspaper, students can add a touch of class to their homes. Framed prints and reproductions of famous paintings can adorn their walls for a mere 75 cents.
But the art is only rented, and the pictures have to be returned by the end of the month.
The Student Union Activities Picture Lending Library provides the pictures for fees up to $7.50 at the Kansas Union Gallery. The gallery was open yesterday and will be open from 12:30 to 4 p.m. today.
"Seventy-five cents for a Picasso reproduction is cheap." Elizabeth Olmo, Teoka junior, said, holding a colorful reproduction of "The Cock." It was another renting it every semester because it just looks good in our kitchen.
"A framed picture is classier and adds a little extra to our apartment. I like paintings, and if we had posters on the wall any other college student apartment."
"That's too bad," she said. "It was a picture of bikes that went lovely over my sofa at home. I should have been here earlier."
Instead, she left with a Chinese woodblock print called "Tao."
By the end of the day, 58 of 85 pictures had been rented.
"I think it was a really good day," said Rick Lindley, member of the
SUA Fine Arts Board. "It was even better than last year, since we had 10 new pictures and lent the ones that went last year. But I don't think we'll be able to lend all of the remaining pictures tomorrow."
Started in the late 1950s, the lending library tries to add 10 new pictures a year to replace old ones and expand the library, Lindley said. Some pictures are lost, stolen or sold.
"All it takes to rent is a KU ID for students and faculty," he said. "We do this as a service to help people get a place they can call home."
Picture Lending Library Committee,
said, "It's nice when you can rent a
picture and see if you like it at home.
Linda Noll, chairman of the
"And it's so cheap. Prints by Bryan, worth $68, rent for $5, and prints by Jim Dine, worth $32, rent for $3." The lending library is financed by the Student Senate. Rental fees cover such repairs as damaged frames and chipped glass.
"Some people are poster people and won't look at anything else," Lindley said. "But otherwise I think we have the same kind of customers as the poster sale next door."
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All foreign and American students are invited to attend our Tuesday meetings. Better understand our world by getting to know the people of our world.
FRIENDSH1P
"Building Bridges Between Cultures"'*
Tuesdays-7 p.m.
The Center
1629 W. 19th
841-8001
* A van will come by resident and
schol halls between 6:30-7:00 p.m.
FOREIGN LANGUAGE STUDY SKILLS PROGRAM
Wednesday, August 28
7:30-9 p.m.
Room 300, Strong Hall
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1307 Mass. phone 843
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Movie Poster Sale
University of Kansas August 26-30,1985
9 a.m.-5 p.m. M-F Kansas Union, 4th floor lobby SPONSORED BY STUDENT UNION ACTIVITIES
Downtown
745 New Hampshire
in the marketplace
841-3268
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