Financial Aid For Students Might Decline

Scholarships for undergraduates may be severely reduced within the next two years unless new sources of income are made available, Dean Bender disclosed yesterday.

At the present time, he said, the College is drawing' on a surplus accumulated during the war years. Since the current rate of scholastic expenditures exceeds the present fund supply, this surplus will run out within two years.

Wonder said he was hopeful that a way out of the will be found. He emphasized however that the uncertain effects of the draft and of changing costs of living make accurate predictions of the future impossible.

Efforts to meet the problem include broadening of the facilities for student loans and student employment as well as the raising of new funds for direct scholarship purposes.

This year, 1,001 students received grants for 1961-62 through the College scholarship office. Of these, 137 are National Scholars, 71 received Harvard Club scholarships and the rest received grants awarded by the College from various sources of income.

The total expenditure for the current academic year is $542,000, which represents little change over the amount spent last year. Of the students awarded stipends over 100 are commuters.

Efforts to meet the problem include broadening of the facilities for student loans and student employment as well as the raising of new funds for direct scholarship purposes.

This year, 1,001 students received grants for 1961-62 through the College scholarship office. Of these, 137 are National Scholars, 71 received Harvard Club scholarships and the rest received grants awarded by the College from various sources of income.

The total expenditure for the current academic year is $542,000, which represents little change over the amount spent last year. Of the students awarded stipends over 100 are commuters.