Student Loans Fund To Increase in '57
Loaning facilities of the College will "be considerably expanded next year," John U. Monro '85, Director of the Financial Aid Office, revealed yesterday. The exact amount of the increase is unknown, pending preliminary staff work. This expansion is a result of the recent increase of $200 in college tuition.
Present facilities amount to $200,000, of which $175,000 has been loaned so far this year. This amount, according to Monro, is "not so very much different from last year." Students who receive loans do not have to pay interest until after graduation.