Word: loan
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Dates: during 1950-1959
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...Corporation voted yesterday to reject the $357,873 of Federal funds assigned to Harvard under the Student Loan Program of the National Defense Education Act. In a parallel move, President A. Whitney Griswold announced that Yale University was also withdrawing in protest from the loan program...
Opposition to the disclaimer affidavit, which loan recipients must sign, was cited by both universities as the reason for the action. In a letter to Lawrence G. Derthick, U.S. Commissioner of Education, explaining the University decision, President Pusey stated that, "It is our earnest concern, while the matter of continuing or expunging section 1001 (f) (1) is still under consideration, to take no action which might possibly be considered as approving the Act as it now stands." He pointed out that a bill which would remove the disclaimer affidavit requirement from NDEA is now in Congressional committee...
Pusey reaffirmed the University's approval of the Federal student loan program, adding "We have many needy students here who would be happy to have its advantages opened to them if this...
After months of official indecision, the Corporation has withdrawn from the student loan program of the National Defense Education Act, and given substance to Harvard's protest to the required Affidavit of Disbelief. In itself, the withdrawal is commendable, but it is both overdue and incomplete. For, if the NDEA affidavit is "lamentable and dangerous," as President Pusey has said, the identical loyalty requirement in the National Science Foundation Act is equally deserving of University rejection...
...withdrawing from the NDEA loan program, the Corporation has acted on principle. But freedom of belief and academic autonomy from Federal control must be protected in all programs of aid to higher education--including...