THE MICHIGAN DAILY MAGAZINE SUNDAY, JANUARY
Loan funds for University Students
(By Julian Mack) of funds donated by friends of the
Higher education was considered University for the use of needy stu-
the property of a certain "class" of ents. Most of these loans carry no
people not so many years ago. The interest until after the graduation of
the borrower. No security is asked.
revolution in ideas on this subject, R. A. Campbell, treasurer of the
brought about largely by the rise of University, holds a sum amounting at
state universities, is an old story. present to approximately $2,000, of
Scholarships are a recognized means which any student in good standing
by which impecunious students of abil- may borrow a limited amount, subject
ity may complete their schooling. to recommendation by the dean of his
But it is not generally known that college and to approval by the presi-
in addition to the large number of dent of the University. Between 20
scholarships offered at the University and 30 students at a time may now be
aided in this way. As time goes on,
of Michigan, students here may be however, this amount will increase,
aided by loans from any of a number for in the case of some of the funds
- r
A Charming
/New Spring
Silks
No. 3655
THERE is no more fascinating spot in the entire Store
at present than the Silk Sections with their alluring fab-
rics and wonderful values. Besides the heavier Silks, this
collection features numberless exquisite weaves suited for
Spring and Summer use.
Satin - Taffeta - Charmeuse
HESE lustrous, heavy weaves are superbly representa-
tive of the astonishing values which the new spring
prices make possible. This assortment includes a diversity
of colors and grades beautifully suitable for frocks, wraps,
negligees,'petticoats and draperies.
Silk Crepe Weaves
HIS charming fabric is honored by
the most enthusiastic approval of those
highest in authority and the notable as-
, , sortment is made up of choicest examples
;K of the Crepe weaves - Canton, Rosha-
N0. 3658 nara, Romain, de Chine and delightful
fancy weaves for sports use.
Smart Evening Silks
A DISTINGUISHED gathering which marks a glori-
fied spot in the Silk Section. Fresheen Crepe and Bar-
onet Satin, metal fabrics, harmonious effects and exotic col-
orings are dominant and richly satisfying, features.
C
"c
t
i
i
f
C
f
t
CS
2
C
C
1
7
Y
S
I
t
e
I
f
C
t
only the, accumulated interest is avail-
able for loans.
The class of 1894 established a fund,
the income of which was "to be used
as a loan fund for the benefit of needy
and worthy undergraduates in the lit-
erary department," with certain con-
ditions. Since that time surpluses
from several class treasuries have
been turned over to the University on
similar conditions. Although most of
the funds are limited to the use of
students in the literary college, a good
portion of the money is available to
students in other schools.
Recommendations by the deans are
based principally upon scholarship
and the degree of need. Students
who obtain loans are generally earn-I
ing the larger part of their expenses
by outside work. Women students
obtain loans in practically the same
proportion as men.,
"The loan funds are for use only by
students who actually need the
money," says Mr. Campbell. "We
had an application the other day from
a student who wanted to borrow
money until the end of the year so
that he could catch up on his allow-
ance from- home. Such use of funds,
of course, would be absurd."
Since the war the demand for loans
has been increased to such an extent.
that the available funds are now prac-
tically depleted. Many young men
without money_ realized for the first
time during the war the advantages of
higher education. Immediately upon
the close of the war they came to
college instead of obtaining work as
they would ordinarily have done.
Loans have been limited to a hun-
dred dollars at a time to a student.-In
most cases they are expected to be re-
paid within one year after graduation,
with interest at the rate of five per cent
after graduation; but where a borrow-
er is in straightened circumstances at
the time of paying his debt, the inter-
est is sometimes omitted.
"Never have we lost any money on
our loans to students," says Mr. Camp-
bell, "excepting in a few isolated in-
stances where an unusual circum-
stance such as death of the student
has prevented repayment."
TO THE WORN
In last Sunday's issue, under the
caption, "The Worm Turns," I was
berated editorially for a statement
which I had made the Sunday before
concerning the average American stu
,dent. Well, the fact that : the worm
turns does not make it any less a
worm! I reiterate my statement that
the average student is an ass-when
he isn't a worm. Have it either way,
Marse Watterson Jr.!
G.D. E.
I
-sOPEA-EXThA-
ICHCLATES"8,I
c C9NFECTI9NS.-
You Know Whitman's
Candies on Test
We are prepared to supply you with
any size or style of package you want,
including the Michigan Seal package.
Calkins-Fletcher
Drug Company
324 SO. STATE ST. 711 PACKARD ST.
E. & S. UNIVERSITY AYES.
1a >T
Nto.361
Lingerie Silks
D ELICATE of coloring and texture as
befits their vocation, the adorable Lin-
gerie Silks are more appealing with their
modest prices. Pastel tinted crepes de
Chine of extra quality, serviceable Wash
Satins and Radium Silks make up the
captivating assortment.
1 t,