, 1921-09-29
D LOAN FUND.

William C. Deming, trustee of the University of
Wyoming, has written a story for his Cheyenne Trib-
une about a young student at the university that is
of considerable interest to the people Of the state and
for that reason we are reproducing it here:
"Philip Templeton, a former student of the Univer-
sity Of Wyoming, was forced to drop out on account
of the lack of money. There were others contemporary
with him who were unable to complete their studies.
President Nelson of the University of Wyoming, says
he has had letters from at least a hundred students
this year who could not enter for lack of funds. De-
spite this fact, however, the enrolment is larger than
last year, showing the popular growth of the institu-
ton.
"Philip Templeton was much impressed and disap-
pointed by the situation which denied him the oppor-
tunity to complete his studies and suggested the tenta-
tive idea for n student. loan fund. The thought was
seized eagerly by Fred Parks, another university stu
dent, and presented last year in a more or less COM
pleted form to the board of trustees. He wa assisted
in the details by Attorney George w, Patterson and
Professor Hart. .
SO went to the federal constitutional convention with
a complete scheme of government in his pocket Fred
Parks ideas were so well worked out that the board
took favorable action, to perfect the plan and gi7e 1t
legal standing. The result is the Student Loan Fund
Association of the University Of Wyoming. It's ini-
tial funds will come from the addition of 81 to assess
ments paid the university registrar with the other
school fees. In this way every student contributes his
mite toward the establishment of the fund, which be-
comes a revolving one. That is, a 500 loaned to one
student and repaid is subsequently loaned to another
student and so on, it lis hoped, ss long as the univer-
sity endures. E
OF course 81 from each student will not create a
large fund, but that is merely the beginning. The dt-
rectors of the association are authorized to acquire
and receive gifts, donations, endowments, devises, be-
quests, loans and any other moneys or properties which
may be used and administered as a students revolv-
ing loan fund. q
."koans within, certain limitations, that is from s25
to 500 n year may be made to worthy students who
are unable to defray all of their own expenses. In
terest will likely be charged after IL months at the
rate of 6 per cent
"The management has been vested in a board of
five directors, consisting of a male and female men,
Der of the faculty approved by the board of trustees
of the university, and male and female student in good
standing and one reputable business or professional
man of Laramie. The present board to administer this
fund comprises ]. F. Soule and Bernice Sanford of the
faculty, Fred Parks and Jane Beck, students, and DR..
A. B. Hamilton, president of the board of trustees.
Rules and regulations for the disbursement, deposit,
investment and loan of such funds have been care
fully worked out. All applications will be scrutinized
and the money used where it viii do the most good.
"The students themselves have chcsrfully started
this fund out Of their meager allowances. 1t is hoped
that the people of Wyoming viii build upon the foun-
dation thus laid a superstructure which will finance
the higher education at the University of Wyoming
of scores of needy students every year.
contributions of any amount, big or little, will be
welcomed by the association and it is hoped that some
of wyoming's wealthy citizens will remember this
worthy cause in their wills"