Page 12
THE BATTALION
WEDNESDAY, APRIL 19, 1978
Student financial funds increase,
loans available for various needs
In March 1922, the Association of cism surrounded the initial idea, but
Former Students established the students, former students and
Student Aid Fund which has bene- others interested, showed that the
fited thousands of Aggies. Skepti- plan would work.
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The Class of ’22 exhibited their
support when they raised $1,000 for
the fund before their graduation.
Several student organizations and
alumni pitched in and by March
1924, the fund had accumulated
$10,000.
However, the association esti
mated that more was necessary to
meet the demands of the students
coming in the fall. So a massive
campaign was launched during the
spring and summer to raise the
money.
Fund raising activities were held
all over the state as well as on cam
pus. In Dallas, members of the local
A&M Mothers Club gathered at
teas to raise money. Before the
socializing began, each mother’s
Jalapeno
Eating |
Contest
CAMAC
APRIL 17 III
SIGN UP AT S
NOON
DESK
N.S.C. FOUNTAIN
1IO
MORNING
April 21 and 22
8:00 p.m.
Tickets $1.50 Advance $2.00
at the
door
Great Issues
Presents
Cities
Beneath the
33
Dr. John Craven
Director of Marine Programs
University of Hawaii
Wednesday April 19
8:00 p.m.
Students FREE
Others $1.00
height or waist was measured and
she was assessed one penny for each
inch. They raised $100 and donated
it to the Student Aid Fund with the
stipulation that Dallas boys were to
be given priority on the loan ftinds.
Three years later, A. Kidd Short
of the Class of 1900 arranged for
Sears, Roebuck and Co. to make a
$25,000 donation to the fund, boost
ing the total to about $40,000.
Today, the fund has grown to
more than $424,651 from donations
from the Association of Former Stu
dents and student fund raising
projects. Loans are drawn from
$156,300 while the remainder is in
vested.
The fund has provided loans for
4,395 students since 1964 totaling
more than $1,120,000. Last year the
Student Financial Aid office located
on the third floor of the YMCA
building, made 674 loans from this
fund totaling $184,000.
“The students here are far above
average in repaying these loans,’’
said Robert M. Logan, director of
student financial aid. “We have a
default rate of 1.58 percent, which is
extremely low. If a bank or savings
and loan has a rate below 6 percent,
they are delighted.
“I think it’s due to the quality of
students here. They realize that if
they borrow money, it is their re
sponsibility to repay it.”
To qualify, students must be
enrolled fulltime in a degree-
producing course of study and be
free from conduct or academic pro
bation. Recipients must have a
grade point ratio of 2.0 or better and
demonstrate a financial need to
meet educational expenses.
Students may obtain up to $750
from the Student Aid Fund. It is re
payable within one year at six per
cent interest. However, if the loan
is repaid within 90 days, the
minimum service charge on loans
under $100 is only $1. The charge
goes up to $2 for loans of $100 or
more.
“I’ve gotten a loan to pay my tui
tion and fees for the past two semes
ters,” said a graduate student. “I’m
married and have two children. I
have a part-time teaching position,
but it’s hard to pay that lump sum
for tuition and fees at once. I’ve al
ways managed to pay it back in six
months.”
Special funds have been set aside
to assist students in meeting the cost
of the senior year and graduation.
There are loans available to pur
chase senior rings and to help senior
cadets purchase their senior uni
form and boots.
An interview trip to a prospective
employer can be financed with a
loan of up to $200.
There are loans to help seniors
meet the cost of graduation such as
invitations, diploma, and cap and
gown. Loans are also available to as
sist students in paying fees for state
board and graduate record exams.
Graduating students may apply
for a loan to help with moving ex
penses. A loan of up to $200 is avail
able through the Bertha Pratt Loan
Fund to help the graduate move to
his new job.
Students can also borrow money
to cover unexpected medical bills
arising from the illness or accident
of a spouse or child.
“I got a loan for my senior ring,”
said a senior cadet. “I tried working
during the week to earn the money
for my ring, but I just couldn t make
it.
“I wouldn’t be able to go to school
here if these loans weren’t available
to help me, he said. “My father
died when I was 14 and there are six
kids in my family. I just had to have
some financial aid. Some people feel
it’s degrading to ask for a loan, but I
think it gives you a greater sense of
responsibility.”
J#L.s
This dog can fly
Jay, a Queenland blue heeler cowdog, “flies over” a hurdlif
for trainer Jan Tinsley. Jan, a senior biomedical sciewtB Th
major at Texas A&M University, trained the 2-year-old bai
for an animal science course last spring. The dog is owned!»: Ra
Doug Sanford, a first-year veterinary student at Texas A0
Potato salad found as
one source of botulis
Texas A&M University
Town Hall Presents
United Press International
CLOVIS, N.M. —Medical inves
tigators tracing the cause of an out
break of botulism poisoning said
Tuesday many of the 32 persons
stricken with the potentially lethal
disease have improved.
While three botulism victims re
mained in critical condition at hospi
tals in Texas, officials at two Albur-
querque hospitals said the condition
of several other victims had im
proved from critical to serious.
“We have reports that most pa
tients who are ill are either stable or
improving,’ said state epidemiologist
Dr. Johnathan Mann.
However, he said, infections or
other complications could develop
among the victims still on mechani
cal respirators.
The botulism has been traced to
potato salad served last week at the
Colonial Park Country Club. But of
ficials are uncertain how the potato
tuesi
Ea
li\&M
salad became contaminated.
“The potato salad is not them t0 ,n
situation, but we do not know™ s,ll<
other products are involved,
Mann. “This is a complicated
borne outbreak involving dil J, ua
days and several different!
products.”
The latest poisoning victim,
bertina Cabiness of Clovis, w ,a,l< l
mitted to the Clovis MemoriallB 1 ™ 0
pital Monday with what
scribed as a “moderate can
botulism. I .
Officials at Lubbock Metb >U! J' n
Hospital said John Garrett
remained in critical condition,
the High Plains Baptist Hospit
Amarillo reported that Kail
Bomar and Devota Martin, W _ he M
Clovis, also were in critical ca
.. Bu
tion. o
Fifteen others were listed in® or
ous condition at hospitals in
and New Mexico.
<
L
Th
of us
stude
to th
he a
Ha
>ociai
N
Cash
orm<
The University
Symphonic Band
Thursday April 20
12:30 p.m.
University Center Mall
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April 19
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