Scholarship Holders Face Worst Prospects as Cost of Living Soars

Scholarship students will be especially hurt by the inflationary spiral economists anticipate, John U. Monro '34, Director of Financial Aid, said last night.

Monro noted that most scholarship applicants come from families that live on white collar salaries, the "stickiest" form of income. Annual earnings in this bracket, about $4000 per year, according to Financial Aid Center's statistics, will not keep pace with the rising national price index.

This spring, Monro received 900 to 950 applications for scholarship money, neither appreciably more nor less than the number which applied last year.

In order to adjust scholarship applications to the University's recently announced 15 percent rent increase, Monro has been negotiating with Housemasters to get information he needs to deal with specific cases.