The midland journal. (Rising Sun, Md.) 1885-1947, 1928-07-06
BANKERS PROVIDE
STUDENT LOANS
asIeE saF
American Bankers Association
Completes Plan to Award 1877
College Economic Scholar
ships Throughout Nation.
AWARDS TO START THIS FALL
Students. In Agricultural Economics %
Be Helped In Farm States
Will Also Facilitate Entry
Into Business Life.

One hundred and sixty-seven cole
giate loan scholarships will be provid-
ed by the American Bankers Associa-
| ton, 90 Of which are now being prof
fered to II selected colleges and uni
versities in "a states, It has been an
nounced by John H. Puelicher. Chair
man of the Board Of Trustees Of the
Associations Foundation for Educa
ton in Economies. The foundation fund
Of 100000 was started in 1925 70
commemorate the Associations fiftieth
anniversary and It's aim is to stimulate
and aid worthy men or women stu
dents to pursue courses In banking
and economies in collegiate institu-
tons throughout the country.
The scholarship awards will be
available for the scholastic year begin
ming this fall and will provide recip-
tents with unit loans Of $3.50, to be re.
paid on easy terms following their en-
try into earning business life. In
several farm states, it Is provided.
| scholarships shall be specifically
awarded In agricultural economics.
A special feature Of the plan in adj
| dition to its educational advantages
il that scholars, upon discharge Of all
their financial obligations connected
with their loans,. will be given certih-
Gates of honorary membership I'm the
foundation signed by the members Of
the board Of trustees, which will be
available as evidence Of financial res
liability Tor their use In starting theig
business careers. III
Colleges Awarded scholarships Il
Proffers Of one or more scholarship
have been made to the following In.
| stttutions:
Alabama, University of Alabamas
| birmingham Southern College; Arizona
University of Arizona; Arkansas, UNI
versity Of Arkansas; California, Uni1
| verBity Of California, University Of South
ern California, STANFORD University: Gcn-
versity: Delaware. University Of Della
ware; District Of Columbia, Georgs
Washington University. Georgetown unl-
L
University Of Miami; Hawaiian Islands.
University Of Hawaii; Idaho. University
q !aahS; nlinois University Of nllnols'
Northwestern University: Kansas. Uni-
versity, Of Kansas. Kansas State Agri.
fS oa.an. c9sS sass iGss
Tulane University: Maryland. Johns
Hopkins University, University q Nary
land Mchg g Tniyersl E,cs e DessO.t
| cultural College; Minnesota. Carlton
| College, University Of Minnesota. Ham
line University; Mississippi, University oe
Montana; Nebraska, University Of Nes
braslxas Doane College; Nevada, State
University q Nevada; New Jersey.
New Msxico, New Mexico College Of Agris
cultural and Mechanical Arts: NORTH
Carolina. University Of North Carolinas
culture and Engineering; Oregon. uni-
versity Of Oregon, Oregon State Agr1cula
tursl College; Pennsylvania. University
| Of Pennsylvania, Dickinson College. Lata.
| yette College. Gettysburg College, Franks
| I'm and Marshal College, Allegheny Col-
lsge, University Of Pittsburgh, Lehigh
| vania state College; Rhode Island. Brown
University; South Dakota. UnivergiI q
sc1sh Dshotn
vandsrbfit University: Utah. University
q Utah; Vermont. University ct ysr-
c.s Tgn and u FL. uSyvs e yrsh
versity Of Richmond, william and Mary
| College; washington. University o.
.cn Wss vr stn1s c West Tens
sin. Tawrencs College. Beloit College. 4
Plan Of Operation
The general plan allots scholarships
to higher institutions Of learning in
states where the banks have CONF
| pleted the subscription quotas as-
signed them in the foundation fund.
Institutions are selected on the basis
az tyne Of school, educational stand
ards, geographical distribution and de-
sire to cooperate in the plan. a
| scholarship committee Is to be created
| in each selected institution, to consist
Of members Of the faculty and a prom
inent banker. All scholarship appli-
cations must be made formally
through the college committees and
not direct to the foundation. Three
hometown references are required Of,
each applicant, at least one Of whom
must be q banker. Only students Of
junior or higher grade in banking and
economic courses are eligible and
InO80 VINO nave ALSO dItcnu6u Aluc11-l
can institute Of Banking courses viii
be given preference. 4
Easy Terms
Scholarship payments will be given
| only to those whose means Of educa-
ton are dependent in whole or part
upon their own efforts and will con-
tinue only during satisfactory, scholas-
tic standing or conduct. The loans
are at i've per cent beginning the first
day Of the second January after the
| date the scholar leaves school. with no
interest on repayment made prior to
that time. Loans may be paid on
In monthly installments Of $40 or
more. After three installments have
been promptly met payments may be
placed on a quarterly basis until the
loan is wiped out which must occur
within three years. In cases Of delin-
| Quencies, consideration will be given
] tn enecial circumstances. such as i'll