Thursday, Jan. 21, 1965
University Daily Kansan
Page 3
Aids Loans Ease Student Money Aches
A KU student walked into the Aids and Awards office recently thinking he would have to walk out of the University.
His father had sunk all the family income into a new business, hoping this venture would pay off in time to meet his son's remaining educational expenses. The father then went to the KU Medical Center for a routine check-up, where it was discovered he had terminal cancer.
There were obligations involved with the now-terminated new business, but no profits. There was also little left for the son's education.
terest rates for students are low." THE STUDENT who borrows has proved to be a good risk. His potential after-college income is estimated at $150,000 more than that of a high school graduate.
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Young women, too, are preparing to work at some time, and thus no longer feel they might hurt their chances for romance with a "debt for a dowry."
than the $600 maximum, payable the following Sept. 10. Four per cent annual interest is charged from the date of the loan.
"Unfortunately there are many stories like this," Bob Billings, director of aids and awards, said, "and we are able to help most of them find a way to make it on through KU."
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Recently more Endowment Association funds from gifts and bequests have been freed for short-term loans. The idea is to provide some help when needed, but to reclaim the funds as soon as possible in order to aid the maximum number of students.
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BUT THE BOY is now able to continue his schooling through student loans he can repay this summer. In addition he's received help in planning his finances for the remaining two years. He will be able to fulfill one of the father's last wishes—his son's education.
But situations like the one above or the Korean girl whose father got
"Many students know where and when the money for repayment of a loan will come from, but they need money at the moment to tide them over." Billings explained.
Edito
Perk Up Now, Lawyers: Loans. Books Given KU
When tragedies occur or a student's own means of financing runs dry, he turns to the office of aids and awards at KU for help. When this happens, most of the scholarships have been given, and the better-paying jobs already taken. This leaves loans.
behind the Iron Curtain and has never gotten out, or the almost daily fatal or crippling automobile accidents which leave parents unable to manage as before—put a heavy strain on the funds available for student loans.
Most of these students will take out a short-term loan for 90 days. Usually the students borrow less
FOR LARGER amounts, the National Defense Education Act loans up to $1,000 a year for four years. Three per cent interest begins one year after graduation, and the total repayment is due 10 years after leaving KU. Priority is given to elementary and secondary teachers, who may have up to half of the loan cancelled by teaching for five years.
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In the midst of finals this week, law students have something to be cheery about.
At the same time that James K. Logan, dean of the Law School, announced a new loan fund for second year law students, Miss Hazel Anderson, law librarian, revealed the acceptance of a gift of 257 books sent to the law library.
THE LOAN PROGRAM is the result of a cooperative effort between the American Bar Association, the American Law Student Association, and the First National City Bank of New York.
Through its fund for public education, the ABA has given the KU law school $13,000 for a three semester period, through June 1, 1966. Ninety other schools are involved in the plan.
The loans are open to any second year student who is regularly enrolled and in good standing at the law school. The minimum amount of any loan will be $400 and the maximum will be $1500 per academic year.
The 257 books were given to the library by L. H. Ruppenthal, Topeka attorney. These books were part of the library of Ruppenthal's father, Judge J. C. Ruppenthal. The Ruppenthals have given several other sets and volumes of books to the library, according to Miss Anderson.
"THE RUPPENTHALS have long been friends of the University and this library," Miss Anderson said.
USHERS' GIFTS ?
"There has been a marked change toward student borrowing," Billings said. "The attitude is that increased values of an education outweigh increased costs. Repayment can be made through a summer job or the full-time job after graduation. In-
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