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THE MICHIGAN DAILY MAGAZINE
SUNDAY, JANUARY 29, 1922
Loan Funds for University Students
(By Julian Mack) of funds donated by friends of the only the accumulated interest is avail- tically depleted. Many young men
Higher education was considered University for the use of needy stu- able for loans. without money realized for the first
.o 'a ento. Most of these loans carry no The class of 1894 established a fund, time during the war the advantages of
interest until after the graduation of the income of which was "to be used higher education. Immediately upon
people not so many years ago. The the borrower. No security is asked. the close of the war they came to
revolution in ideas on this subject, R. A. Campbell. treasurer of the as a loan fund for the benefit of needy college instead 'of obtaining work as
brought about largely by the rise of university, holds a u amounting and worthy undergraduates in the lit- they would ordinarily have done.
state universities, is an old story. t t ppxotely $2,000 of erary department," with certain con- Loans have been limited to a. hun-
Scolrhis rpareoxiedmn, ditions. Since that time surpluses dred dollars at a time to a student. In
by which impecunious students of abil- which any student in good standing from several class treasuries have most cases they are expected to be re-
ymay borrow a limited amount, subject been turned over to the University on paid within one year after graduation,
ity may complete their schsooling. to recommendation by the dean of his similar conditions. Although most of with ifterest at the rate of five per cent
But it is not generally known that collage and to approval by the presi- the funds are limited to the use of after graduation; but where a borrow-
in addition to the large number of dent of the University. Between 20 students in the literary college, a good er is in straightened circumstances at
h and 30 students at a time may now be portion of the money is available to the time of paying his debt, the inter-
University aided in this way. As time goes on, students in other schools, est is sometimes omitted.
of Michigan, students here may be however, this amount will increase, R eommendations by the deans are 'Never have we lost any money on
aided by loans from any of a number , for in the case of some of the funds based principally upon scholarship our loans to students,"says Mr. Camp-
and the degree of need. Students bell, "excepting in a few isolated in-
who obtain loans are generally earn- stances where an unusual circum-
ing the larger part of their expenses stance such as death of the student
by outside work. Women students has prevented repayment."
\ sobtain loans in practically the same
C a n proportion as men. TO THE WORIT
"The loan funds are for use only by It last Sunday's issue, under the
Sstudents who actually need the caption, "The Worm Turns," I was
g money,' says Mr. Campbell. "We berated editorially for a statement
had an application the other day from which I had made the Sunday before
r 'a student who wanted to borrow concerning the average American stu-
money until the end of the year so dent. Well, the fact that the worm
that he could catch up on his allow- turns does not make it any less a
once from home. Such tse of funds, worm! I reiterate my statement that
NO 55 of course, would be absurd." the average student is an ass-when
Since the war the demand for loans he isn't a worm. Have it either way,
HERE io no more ai gspot in the entire Store has been increased to such an extent Marse Watterson Jr.!
fsiang ' h ,that the available funds are now prac- G. D. E.
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at present than the Silk Sections with their alluring fan-
rics and wonderful values. Besides the heavier Silks, this
collection features numberless exquisite weaves suited for
Spring and Summer use.
Satin - Taffeta - Charmeuse
T 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
THIS charming fabric is honored by
I the most enthusiastic approval of those
highest in authority and the notable as-
sortment is made up of choicest examples
of the Crepe weaves - Canton, Rosha-
No. nara, Romain, de Chine and delightful.
fancy weaves for sports use.
Smart Evening Silks
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.
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.
-AA
SCHQCLATES-8.-
- CQNFECT19NS-";%
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.
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