Arizona sun., 1962-04-12
FINANCIAL AID TO
NEGRO COLLEGES
ANNOUNCED BY CIT

|
NEW YORK = Eight Negro
schools are among the 20 newly
accredited colleges and universi-
ties to receive financial aid in the
form of matching grants of S. 900,
it was announced today by c. |. 7.
Foundation. This is the third year
CIT. has made such awards to
schools accredited the previous
year.
L. Walter Lundell, president of
CIT. Financial Corporation and
its philanthropic affiliate, CIT.
Foundation, said the awards we're
made to help smaller education
al institutions help themselves
through their financial growing
palms."
''The nation must depend on
the growth of smaller liberal arts
colleges and universities to pro-
vide much of the higher educa-
ton for the great wave of stu
dents who will be seeking college
admission in the future" he said.
''The heavily endowed and larger
unsupported educational institu-
tions will not be able to cope with
the increasing number of stu
dents" Mr.. Lundell abserved.
can imperative local need for
community aid to the smaller in
stitutions of higher learning exists.
They must rely primarily on sup
port from their immediate COM
munities, to which they make
their greatest educational contri-
buttons" Mr., Lnndell noted.
II..-.-.i. T.. 1t o..j arr ~G
The eight Negro colleges eligi-
BILE for this years grants were
accredited this year by the South
ern Association of Colleges and
Secondary Schools under MEM
bership revisions which now al
low the admission of qualifying
Negro colleges to the association.
The schools are: Benedict Col
lege, Columbia, S. c.; Bishop Col
lege, Marshall, Tex; Claflin Col
'Ilege, Orangeburg, S. c.; Lane
College, Jackson, Tenn; Living
stone College, Salisbury, N. c.;
Paine College, Augusta, Ca; St.
lAugustine's College, Raleigh, N.
IC.; Shaw University, Raleigh, N.
&c.
Other newly accredited colleges
and universities eligible for this
years grants were: Church Col
lege of Hawaii, Laie, Hawaii; Col
oradc Woman's College. Denver,
Colo; Huntington College, Hunt
ington, Ind; Jacksonville UniverS-
Iity, Jacksonville, Fla; Lakeland
College, Sheboygan, Wis.,; Los An
geles Pacific College, Los Angeles,
Calf; Marymount College, PaloS
IVerdes Estates, Calf; Marymount
Manhattan College, New York
City; Mount Marty College, Yank-
ton, S. D.; Pikeville College, Pike
vile, KY; Saint Joseph's College,
Standish, Me; Stephens College,
Columbia, Mo.
The advisory committee which
determined the eligibility of the
schools was composed of William
K. Selden. Washington, D. c., ex-
ecutive secretary of the National
Commission on Accrediting; DR..
Theodore A. Distler, Washington,
ID. c., executive director of the
Association of American Colleges;
and DIR. John w. Pollard, New
York City, vice president of the
National Council for Financial
Aid to Education.
/ The CIT. foundation program
Iprovides matching grants of S., 900
to privately supported four-year
non-specialized liberal arts col
leges and universities that have
achieved accreditation from their
regional accrediting association
for the first time.
Each school designated for the
award is expected to match the
S., 900 with an equal amount of
local or area donations within two
years. This provides the smaller
colleges and universities with the
incentive to obtain additional aid
from their hometown" business
organizations or other donors.
CIT. Awards Continued
Awards granted to date, includ-
ing the 20 for this year, have been
made to 49 colleges and universi-
ties for a total of $245, 900 made
available by CIT. on a match
ing basis,'' Mr.. Lundell said. All
Is awards granted two years ago
have been paid and, of IA granted
last year, II have been matched
to date, he pointed out.
"We have found the accredita-