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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Aug. 8, 1973)
THE BATTALION Page 2 College Station, Texas Wednesday, August 8, 1973 ‘Sallie Mae 9 Aids Education CADET SLOUCH by Jim Earle mw aggies! Give YOOK. PAneurs, A 5ci55cg|pr/OAJ to rue ^ATTAL/ONJ Higher education in Texas re ceived a boost Tuesday with the announcement in Dallas of a pro posed offering of common stock of the Student Loan Marketing Association (“Sallie Mae”). Sallie Mae is a government-sponsored private corporation created to help channel additional funds into the student loan market. A cooperative effort between the Federal Government and pri vate enterprise in the field of post-secondary education, Sallie Mae was formed to assist lenders in making educational loans avail able to a broad spectrum of stu dents throughout the United States. Sallie Mae is expected to be in operation in time to provide liq uidity assistance this year, accord ing to Edward A. Fox, president and chief executive officer of Sallie Mae. Created by the 1972 Amend ments to the Higher Education Act of 1965, Sallie Mae will add support to the Guaranteed Stu dent Loan Program (GSLP), which is a program of insurance by the U. S. Government and by States and non-profit private agencies. It is estimated by the Office of Education of HEW that approximately $4.5 billion of in sured student loans are currently outstanding. From 1966 to 1972, Texas banks have loaned more than $92.5 mil lion to eligible students under the Guaranteed Student Loan Pro gram. This represents slightly more than 2.6% of the national total. Nearly 94% of the guar anteed student loans outstanding in Texas, as of June 30, 1972, are guaranteed directly by the Fed eral Government. Three-fourths of student loans The Aggie GOURMET in Texas granted under the Gov ernment's Guaranteed Student Loan Program, during the fiscal years 1966 to 1972, have gone to students of families with adjusted annual incomes under $6,000. Ap proximately 55% of these loans have been granted to male stu dents and 45% to female students. Since the inception of the Guar anteed Student Loan Program in 1965, the number and amount of student loans have shown steady growth. However, the volume of student loans has decreased in recent months due to factors which are hoped to be tempo rary. From approximately 48,000 loans made in fiscal 1966, aggre gating over $77 million in prin cipal amount, figures increased to a total of over 1,250,000 loans made in fiscal 1972, aggregating over $1.3 billion in principal amount. From the beginning, however, the GSLP has been hampered by the problem of liquidity since there has not been any secondary market for student loans. More over, loan repayments often are deferred for relatively long and uncertain periods of time. LAKKVIKW CLUF 3 Miles N. On Tabor Road Saturday Night: Johnny Lyons, Janet Lynn and The Country Nu-Notes From 9 -1 p. m. STAMPEDE Every Thursday Nite (ALL BRANDS BEER 35*) JST1 tury-' If you are considering a college preparatory school for your child, we encourage you to call or visit The Allen School (formerly Allen Academy). Since 1886 we have helped young people fulfill their potential. ( • pre-school —grade 12 • challenging curriculum • enrich ment programs • French beginning in pre-school • small classes • good faculty • moderate cost • New heated pool/ new air-conditioned gym The Allen School W. B. Stephenson Bok 953/Bryan, T*. 77801 Director of Admissions (713) 823-0066 This Is Aggieland Welcome to A&M. You will be part of a student body that numbers 17,000 which is more than twice the number of students attending A&M a mere decade ago. Needless to say, A&M is one of the fastest growing schools in the nation. You will no doubt notice construction and renovation being carried on at various parts of the campus, so we still have much more to grow. The more the organization grows the less personal it gets. Theoretically. A&M is an exception to many rules and therefore doesn’t follow that it should become less personal with its increasing size. It is not like you are just 1/17,000 of a whole but more like you have 16,999 friends. The A&M Former Student Association is the envy of every similar organization in the world. A&M sports can’t send a team anywhere in the U.S. without drawing a sizeable crowd of Aggies who relish every chance they get to cheer for their school. This phenomenal loyalty is simply called the Aggie Spirit, a very ordinary title for a very unique pride. A&M, with its history of normalcy and calm, is a school completely unlike any other in the world. It defies accurate definition even by its most seasoned follower. By deciding to come to A&M, you became something more than just another student. You became an Aggie. By S. SHARIQ YOSUFZAI In the past two weeks we have considered Greek and Japanese cuisine. The previous columns were of a comparative nature. To day, as is inevitable, the column turns to French cuisine. The French have mastered the art of good eating as no other nationality has. Unfortunately for the student (who usually oper ates on a shoestring budget), a visit to a French restaurant can have disastrous effects on his pocketbook. There are no authen tic French restaurants in Bryan- College Station, so once again the column travels to Houston. The restaurant Ari’s Grenoville advertises itself as the “best French restaurant in Houston.” While that statement is quite dis putable, the prices at Ari’s are very reasonable. So while there are some more pretentious and pompous restaurants in Houston, Ari’s has the fresh feeling of a sidewalk cafe in Paris. Ari’s is located on the Westheimer restau rant row and can be clearly seen as it has a large patio for dining facing the street. Arrive at Ari’s around 7:00 and try to sit out side as the inside gives one a feel ing of claustrophobia. To start off, order L’escargot or the French onion soup. For an entree, try the quiche de lorraine, the chateubriand or the frog legs. To top off your meal order the cherry crepe flambe. This dessert arrives flaming at your table and €bt Battalion Opinions expressed in The Battalion are those of the editor or of the writer of the article and are not necessarily those of the University administration or the Board of Directors. The Battalion is a non-profit, self-supporting enterprise operated by students as a University and Community newspaper. I he Hattaiion, a student newspaper iblished in College Station, Texas, dail; published in College Station, Texas, daily except Saturday, Sunday, Monday, and holiday periods, September through May, and once a week during summer school. at Texas A&M, is except Saturdi tember Represented nationally by National Educational Advertising Services, Inc, New York City, Chicago and Los Angeles. LETTERS POLICY Letters to the editor should not exceed 300 words and are subject to being cut to that length or less if longer. The editorial staff reserves the right to edit such letters and does not guarantee to publish any letter. Each letter must be signed and show the address of the writer. Address correspondence to Listen Up, The Battalion, Room 217, Services Building, College Station, Texas 77813. MEMBER The Associated Press, Texas Press Association Mail subscriptions are $3.50 per semester; $6 per school ear; $6.50 per full year. All. subscriptions subject to 6% tax. Advertising rate furnished on request. Address: The Battalion, Room 217, Services Building, College Station, Texas 77843. yea sale The Associated Press is entitled exclusively to the use for roduction of all news dispatches credited to it ise pul matter herein are also reserved. reproduction of all news dispatches otherwise credited in the paper and local news of spo: Right of reproduction of all other not ntaneous origin published herein. Second-Class postage paid at College Station, Texas. Members of the sey, chaii H. E. Hierth, B. B. Sears. Student Publications Board are: Jim Lindsey, chairman ; Dr. Tom Adair, Dr. R. A. Albanese, Dr. W. C. Harrison, J. W. Griffith, L. E. Kruse and EDITOR TED BORISKIE Photographer Pete Leabo Reporter Barry Donnelly Gibson’s once again welcomes the new students to Texas A&M University - Please take advant age of our complete line of camera goods, school supplies and all back to school needs. SUN. 9:30-6:30 MON.-SAT. 8 a.m.-9 p.m. Limited Sale Of Merchandise on Sunday 1420 TEXAS COLLEGE STATION is a spectacular sight in addition to being a culinary delight. As a rule of thumb, white wine usually goes well with fish, lobster or other sea food while red wine goes well with beef. Keep in mind that red wine is usually not chill ed, so you may be better off ordering white wine if you plan to visit Ari’s before the summer is out. Dress very casually and stay home if it is raining as the inside portion of Art's leaves much to be desired. The best thing about Ari’s Grenoville is that it is quite inexpensive and at the same time provides good food. Until next week, au revoir. Mama Burger Basket AiW A Char-Broiled Beef Pattie With your choice of lettuce, tomatoes, pickles and onions, and our own A&W Dressing. All This Plus Shoestring French Fries 4611 Texas Avenue Open ’Til Midnight 846-3333 Reg. For Only With Coupon Offer Good Through Aug. 12, 1973 Coupon Must Accompany Purchase Limit 1 Order With Coupon mtuHtuni,fttijuu,00,00,nil,mt,tui,mu,mu,mu,tit,,ttt,in, t ,n, LOW EVERYDAY PRICES our iol w the car wledi eet wht . D. ineei wil ust, appn men ther derb; ufac itand trial t to t of the it Cc 'he K outst MEAT DEPT. Checkerboard U.S.D.A. lb HY-TOP ALL PURPOSE FROZEN : HY-TOP BANQUET MEAT PIES FLOUR I LNfUDUfO MMOHIO FIDUB CHICKEN TURKEY BEEF 4.89 HTf Iff i5 Lb. Bag w/$7.50 Pur. PRODUCE BROOKSHIRE SWEET THOMPSON SEEDLESS GRAPES SAVE 20° WHEN YOU BUY * ONE LB. CAN of FOLGER’S COFFEE SPECIAL PRICE WITH THIS COUPON without couroN 99c W/$7.50 Pur. Coupon c.lhv.lu. 1/JO ol It 99999C po*® thru REDEEM THIS COUPON FOR 50 EXTRA STAMPS One Per Family With Purchase of $5.00 or More (Excluding Cigarettes) Coupon Expires Aug. l£ 1973 BROOKSHIRE BROS. r” WF RF <!FnvF ^ WE RESERVE THE RIGHT TO LIMIT THE | QUANTITY OF I ANY PURCHASE ^& 1 I"! M l I I H hi faiLes Q- a oZ) ftu6 ^MD-I I 1 i c ni A R NE Si A AM Mil IOC 12! 251 OPI OV EXf 12! 25( 3&( TIM FIR! You Can't Lose When You Sell At Lou's ADI CHII