5,000 students get financial aid
Big Business is carried on in KU's financial aid department.
Last year at KU over $2.4 million was provided for 5,700 students, over one-third of the entire student body, in financial aid.
A CLOSER LOOK at the program shows that university scholarships, amounting to over $650,- 000, benefited 1,400 students last year.
They ranged the undergraduate aids, based on academic record, financial need, and participation in school and community activities, to specialized gifts such as the Summerfield and Watkins Scholarships.
The above scholarships represent the highest academic honors the university can bestow on a Kansas high school graduate. They are awarded on the basis of the National Merit Qualifying Examination taken in the junior year of the high school student.
Finalists in the exam are brought to Lawrence for interviews and personal consideration. This type of aid ranges from small amounts to a full support of $1,500 per school year, which is determined by the individual family resources of the scholar.
A maximum amount of $400 per year is given to other high ranking entries in the national merit testing by the university. They are guaranteed additional assistance as needed from the National Defense Student Loan Program, which is renewable for up to four years, or as long as the student maintains a "B" grade average.
KU also maintains scholarship halls for 256 men and 200 women in a combined total of nine halls. As long as the student maintains a 1.5 grade point average he is allowed to remain in the hall.
GREATER UNIVERSITY Fund scholarships are equal to a year's fees at KU and awarded to a Kansas resident. Applications must be received prior to Feb. 15, in order to be considered for these, as well as most university sponsored aids.
There are a limited number of cash scholarships available for the 1967 Spring semester to students enrolled at KU for the fall 1966 semester and who have applied prior to that time. There are usually scholarship hall spaces open during the first days of the fall semester.
A "financial aid package" may be earned by a student and is awarded through the Educational Opportunity Grant in an amount of $300 matched equally by KU.
The office of financial aid also maintains an employment service to help men and women find part-time and summer employent. This is maintained throughout the school year.
THE WORK-STUDY program is available to KU students for the first time in the fall 1966. It was established to stimulate and promote the part-time employment of students in institutions of higher education who are from low-income families and are in need of the earnings from such.
Loans are also a major factor in the continued education of a large number of students. Short-
Murphy Hall home of arts
Murphy Hall, which houses the School of Fine Arts, was built in 1957 at a cost of nearly $3 million. It has a revolving stage, two theatres, 88 practice rooms, and 37 teaching studios.
term loans for periods not less than 90 days are re-payable the following fall. These require a 4 per cent interest rate and amount to $300.
Under the National Defense Student Loan program, long-term funds are available to KU students on a competitive basis.
Up to $1000 yearly is available and cannot exceed $5000 during undergraduate work. A substantially higher amount is offered to graduates.
KANSAS BANKS and other institutions participate in a program called the United Student Aid Funds Loan. Generally they are available after the student has completed his freshman year and re-payable at 6 per cent interest. No interest is due during enrollment in school and the grants may be repaid up to 54 months.
Who handles these awards? Who received them? And how are they determined?
Most all financial matters are taken care of in the Financial Aid Office, 26 Strong Hall. They are based on the fact that an average student spends $1,575 if from Kansas and $2,025 if from out of state to attend KU. They are determined from the family's ability to support the student and the student's academic and other pursuits.
Daily Kansan 5
Thursday, September 15, 1966
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