'No magic to it'
UDK-FIRST WITH CAMPUS NEWS
KU holds down defaults
If the U.S. Office of Education is concerned about its National Defense Student Loan defaults, it might send observers to see how KU holds delinquent accounts to 0.2 per cent of the total borrowed.
The national average for default loans is 3.7 per cent, according to testimony by the Office of Education's associate commission for higher education before the House Appropriations Committee.
"THERE'S NO MAGIC to it," Robert Billings, student financial aid director at KU said. "Kansas
Police News Charge man in robberies
A 24-year-old man was charged with two armed robberies following his arrest by two Shawnee County sheriff's officers.
Von J. Greathouse of Roeland Park, Kan., was taken into custody by deputies Ken DeBulk and Ralph Banfield less than an hour after a lone gunman robbed Rusty's IGA Food Store at the Hillcrest Shopping Center here.
Douglas County authorities charged Greathouse with the supermarket robbery as well as a holdup at the Daniels Jewelry Store at Lawrence April 26. Greathouse was arrested as he drove into Shawnee County on U.S. 40.
Officers recovered approximately $5,200 and a pistol matching the description of the one used in the robbery.
students are responsible and successful.
"We make certain that loans are given to worthwhile academic risks and that the borrowers understand their responsibilities for repayment both when they receive the loan and again when they leave the University," Billings said.
Loans are granted on a competitive basis since the applications far exceed the available funds. An undergraduate student may borrow up to $1,000 for one academic year but not more than $5,000 for his entire undergraduate career, according to the KU student financial aid booklet.
A GRADUATE STUDENT may borrow up to $2,500 in one year. Billings said the average is around $750 per student per year.
The loans are repayable at the rate of 10 per cent annually over a period of ten years following graduation. Students going into education can have their loans cancelled at the rate of 10 per cent for each year of teaching service up to a maximum of 50 per cent.
Poetry forum set Thursday
Two similar historical events that were treated quite differently will be discussed Thursday during the Poetry Forum.
CARL LEBAN, assistant professor of oriental languages, will speak at 4:30 p.m. in the Kansas Union on "The Literary Treatment of Assassination by Shakespeare and Lo Kuan-chung."
The public is invited.
Students applying for a National Defense Loan must list all income sources and show a financial need, and must be in good academic standing.
Since the NDSL program began in July, 1958, KU has made loans totaling $4,854,215 to 3,571 students. Only $12,016 of the total is delinquent.
ROTC to tap prime cadets
Over 550 pressed and polished ROTC cadets will pass in review before Chancellor W. Clarke Wescoe in Memorial Stadium Friday.
Cadets in the Army, Navy and Air Force ROTC units at KU will begin the annual review at 3:30 p.m., with the KU Marching Band providing cadence.
WESCOE WILL present three awards to outstanding cadets selected from each unit.
The awards are the Military Order of the Loyal Legion award, the Reserve Officers Association award and the Sons of the American Revolution award.
Daily Kansan Tuesday, May 16, 1967
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Ends "MURDERER'S ROW"
Tonite! "CODE 7 VICTIM 5"
Next - Starts Wed. ---
"Endless Summer" & "Born Free"
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