]
raiigi
:eyi
on 5
am,; :
Jroij
Ales
ray-in-advance tuition plan
aves, helps student’s parents
United Press International
ST. LOUIS — If you can get
'Ml
,200 and have a college-bound
n-ager at home, Washington
iversity has a deal for you.
The Tuition Stabilization Plan is a
5 w concept aimed at holding down
ing tuition costs and preventing
ivate universities from pricing
emselves out of the middle-
ssome market.
The plan is simple: You pay the
four-year tuition in advance and
Washington U. guarantees that the
tuition, $4,300, will remain the
same for the full four years. The
university invests the money and
gains in interest what it normally
would gain in tuition increases.
Any unused tuition is refunded on
a pro-rated basis.
The plan was devised by John
Biggs, vice chancellor for financial
affairs. It takes effect this fall for
Seniors’ research
heses given prizes
Prizes will be given this year to
best research thesis written by
niors in the Texas A&M Univer-
y Undergraduate Fellows Pro-
im, announced officials.
More than 50 seniors are enrolled
the Undergraduate Fellows phase
e, of the University Honors Program,
dii flat'h is required to write a thesis on
|s senior research.
|The best thesis will be selected by
awards committee and winners
fill be recognized during com
mencement ceremonies, said Dr.
M Friedman, undergraduate fel-
T
iro, University Honors Program
rector.
In addition to a $100 cash prize,
each winner will receive a certificate
and desk pen emblazoned with the
University seal.
These original research theses are
preserved in University Archives.
The works are similar to those sub
mitted for graduate degrees. In
some cases, publications in formal
literature or presentations at meet
ings have been direct results of work
done by the undergraduates for
their reports.
irm gives A&M $5,945
J3D International has presented
Texas A&M University nearly
$6,000 in gifts from alumni and a
matching grant from the Houston-
psed architectural, engineering,
fining and project management
m.
ardJjack M. Rains, 3D International’s
nad-iBecutive vice president and a 1960
tliesKLas A& M graduate, said the firm’s
Ttal gift of $5,945 represents a 75
Ircent increase over the amount
Jven last year. The firm initiated its
Jogram of support for Texas A&M
iin 1976.
students not receiving financial aid.
It has tax benefits as well as budget
ary advantages for families who bor
row from the university.
The borrowers also get a tax
break, chancellor William Danforth
said in an interview. Interest de
ductible on federal income tax forms
results in a smaller tax burden.
Information supplied by the uni
versity shows a family in a 50 per
cent tax bracket that borrows
$17,200 at 9 percent and repays
$250 a month for eight years saves
$731 in income taxes in the first year
— more than twice the tuition in
crease of $350 announced for this
fall.
Of course, the family will be pay
ing its $3,000 annually for eight
years, not just the four years a stu
dent is in school.
Danforth said the university is
prepared to make about 50 loans at 9
percent. He especially likes the idea
that the school will be investing in
its students.
“We’re willing to invest in our
families and help them face infla
tion,” Danforth said. “The interest
charged isn’t based on a rate any
higher than what we’d expect to
make off the money.”
The tuition can come from other
resources, of course, such as exist-
“We feel very strongly about
Texas A&M and its leadership, and
it is always a source of great pride
for all of us at 3D International to
demonstrate our support of, and
commitment to, its programs in this
way,’ Rains said.
The funds include $2,850 specifi
cally for the College of Architecture
and Environmental Design and
$100 for the Student Conference on
National Affairs hosted annually by
the University. The $2,995 balance
is for unrestricted use by the Uni
versity, Rains said.
ing investments or loans on other
equities.
“We think most families would be
better off borrowing at their own
bank or increasing their mortgage,”
Danforth said. “We re not anxious
to become a lender, but if a family
doesn’t want to go elsewhere, this
money will be available.”
Inflation makes the stabilization
plan necessary, Danforth said. Tui
tion has been rising 8 or 9 percent a
year, he said. Salaries are the major
part of the school’s budget.
With no end in sight for rising
costs, Danforth thinks Washington
U. will be watched closely by other
schools suffering the same tuition
growing pains. “I think if we re suc
cessful, other universities will fol
low,” he said.
Washington U. is helping its
4,200 undergraduates financially in
other ways. About one-third receive
some form of aid, often a combina
tion of a grant, a low-rate loan and a
work-study assignment, Danforth
said.
With annual tuition at private col
leges heading toward $5,000 and
beyond, officials realize many
families wonder if a college educa
tion is worth the investment. Dan
forth thinks it is.
THE BATTALION Rape 5
TUESDAY, FEBRUARY 21, 1978
TIME
Make the most of it...
in Peace Corps
SENIORS/GRADS
INFORMATION BOOTH
M.S.C.
REPS ON CAMPUS NOW! TUES.-WED.
FEBRUARY 21-22
Peace Corps
REVEILLE S RESTAURANT
CHICKEN
FRIED STEAK
DINNER
With This Coupon
1731 S. TEXAS
$2.25
■i^i H ■■■■■■■■ H M ■
SPAGHETTI
DINNER
■ With This Coupon
L t
IN CULPEPPER PLAZA
(Next to 3-C Bar-B-Q in College Station)
PACK’S PLASTER AND CERAMICS
One of the largest selections of plaster in Texas.
Art supplies, ornamental concrete and candles.
Tues., Wed., Thurs. 1 p.m.-9 p.m.
Saturday 10 a.m.-5 p.m.
Sunday 2 p.m.-5 p.m.
FM 2223, Old Wheelock Road (off Tabor Road)
823-3965
n
That Place
te f:
crei
iculrn
ieldj
f sck*
.ndi
PROGRESSIVE
PRECISION
HAIRCUTTING
707 TEXAS
846-6933
ible
Buffet
Specials
Enjoy all the pizza, spaghetti, and salad
you can eat for only
$2.09
Noon Buffet
Monday thru Friday
11 a.m. to 2 p.m.
Tuesday Night Buffet
Every Tuesday night
6:00 p.m. to 8:30 p.m.
PIZZA
INN
OF
BRYAN
TEXAS AVE.
A&M
„ Pizza inn®
W;ve got a feeling
youre gonna like us.’
413 Texas Ave.
(Across from Ramada Inn)
846-6164
1803 Greenfield Plaza
(Next to Bryan High)
846-1784
BB&Jj
BB&L pays the maximum interest permitted by law. Your sav
ings won’t earn more at any financial institution anywhere. In
addition to maximum return on your savings, BB&L pays inter
est from the day of deposit (even on deposits made after the
10th of the month), offers you the most convenience of branch
offices and Savemobile service and $40,000 insurance on ac
counts by an agency of the government.
Look at the rates listed below. If your savings account isn’t
earning this much, you need to consider joining the thousands
of families who trust BB&L with their savings.
For more than 50 years, BB&L has been the place to save for the
future.
A Savings Institution 2800 Texas Avenue/Bryan • 779-2800
All rates are governed by Federal regulation. A substantial interest penalty is required for early withdrawal.
Regular
Passbook
Effective
Annual
Compounded
Yield: 5.39%
II 7
90-Day Passbook
or Certificate
($1,000 minimum on
certificate)
Effective
Annual
Compounded
Yield: 5.92%
1-year
Certificate
($1,000 minimum)
Effective
Annual
Compounded
Yield: 6.72%
Certificate
($1,000 minimum)
Effective
MiiiUT
Compounded
Yield: 6.98%
Certificate
($1,000 minimum)
Effective
Compounded
Yield: 7.79%
34
7c