Tax cut may be boon to student
KU students could save up to $325 a year in income tax if a tax credit bill introduced Monday by Sen. Abraham Ribicoff (D-Conn.) gets Congressional approval.
The proposed tax deduction would subract up to $325 for the first $1,500 a student, or a student's parents pay toward tuition, fees, books and supplies. The total tax credit is computed on a progressive scale, with $150 subtracted for the $200 of expenses, $75 for the next $300, and $100 for the next $1,000.
A KANSAS RESIDENT pays an average of $1,517 to attend KU, with non-Kansas residents paying $1,917, according to Robert Billings, director of the Student Financial Aid office. The figures include cost of tuition, fees, books, housing in a KU residence hall and miscellaneous expenses.
A single student who earns less than $3,000 and pays more than $1,500 to attend college would not have to pay income tax if the proposed bill passes, according to Ribicoff's statements to the Senate.
"I don't think a person in education could be opposed to the Ribicoff bill," Billings said. "But I also think they could propose an alternative that would accomplish the same goal. The idea has a lot of merit, but the question is whether or not tax credit is the best way to aid the financially handicapped student."
Leaders evaluate
The first annual Kansas Collegegian Executive Seminar will be held this Saturday and Sunday. Attending the meeting in the Forum Room of the Kansas Union will be class officers from all of the major college towns in Kansas.
The two-day affair will be highlighted by the guest appearance of Gov. Robert Docking and selected state officials on Sunday.
THE TWO MAJOR areas to be discussed include the methods and problems of class organization, and class service projects.
In addition, a class president's meeting will be held Saturday afternoon to discuss the draft and legal voting age.
Ken North, Roeland Park sophomore class president, announced that the purpose of the meeting will be to evaluate new techniques of class organization and to reappraise the role of the class officer in student government.
Delts among frat top ten
The KU chapter of Delta Tau Delta has been recognized for the second year in a row as one of the top ten chapters within their national fraternity.
RIBICOFF SAID in the introduction of the bill that it was designed primarily to benefit families earning less than $10,000 a year. Billings, however, said the bill would not help students with severe financial strains.
Billings instead suggested increased use of the University's present method of student financial aids and scholarships. "I feel we do a much better job with the way we use it now," he said. "And we help more of the students who are urgently in need of financial assistance."
The Hugh Shields Memorial Award is presented annually to ten of the ninety-five chapters throughout the nation.
THE RIBICOFF BILL, reported to have growing support in Congress, is co-sponsored by 46 Senators, including Kansas Senators Frank Carlson and James Pearson and senators from six of the Big Eight states. It is the same bill that Ribicoff has introduced in previous sessions, with the addition of a tax credit clause for vocational and technical school students.
Mike Hurt, Leawood senior and spokesman for the Delts, said that judgment for all around excellence is based on five factors: scholarship, alumni relations. fraternity education, social standing, and internal organization. Each of these count equally toward the final judging.
12
Daily Kansan
Thursday, February 9, 1867
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Chinese expert visiting
David T. Owen, noted scholar of Chinese literature, will arrive at KU Friday to assume teaching duties. He will be a guest lecturer in the department of East Asian Studies during the spring semester.
section of Modern Chinese Literature in Translation. He will also assist in other East Asian Studies classes.
Owen recently completed an 18-month stay in China. While there he taught English in Peking. He received his bachelor's degree in modern Chinese at the University of London.
While at KU, Owen will teach the 11:30 Tuesday and Thursday
It's KU Night At Lawrence Roller Rink
Every Sunday from 7:30 p.m. to 10:00 p.m. students only will skate to the latest records from Kief's record shop.
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Skate rental: 35¢
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