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.
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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
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LOW EVERYDAY PRICES
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MEAT DEPT.
Checkerboard U.S.D.A.
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HY-TOP
ALL PURPOSE
FROZEN
: HY-TOP
BANQUET MEAT
PIES
FLOUR
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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.
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WE RESERVE
THE RIGHT
TO LIMIT THE |
QUANTITY OF
I ANY PURCHASE
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You Can't Lose When You Sell At Lou's
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