Word: monro
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Although no clarification of the new ruling was available last night, it will apply in the University only to students switching from one graduate school to another, John U. Monro '34, Counsellor for Veterans, predicts...
...This is what they should have done the first time," Monro said last night...
Inflation has made inadequate the $400,000 annual income which Harvard derives from its scholarship endowment, the largest in the world, Monro explained. The price of attending Harvard is now 50 percent over the pre-war cost and hence $600,000 is now needed to finance yearly scholarship grants...
...next two years a reallocation of $100,000 in surplus scholarship funds can assist in making up the deficit. The other $100,000 in financial aid, Monro and von Stade suggested, can be mustered through an expanded student employment and loan program...
...plans for enlarging Harvard's student loan facilities were proposed by Monro. The first, which has been employed at Yale for ten years, would provide for a maximum loan of $600 per year interest free until five years after graduation from college. Then there would be a 4 to 41/2 percent interest rate on the loan until it was completely repaid...