Word: pyne
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...Pyne Explains Qualifications...
Explaining the small number of participaters, Charles C. Pyne, Bursar, pointed out that only a few students meet the qualifications. He mentioned also the high interest rate, explaining that it takes effect the same year the loan is made, unlike the Financial Aid Office interest which is not charged until after graduation...
This Committee, installed in spacious headquarters on the third floor of Pyne Administration Building, had on the walls of one of its rooms a huge chart, tracing the status of each sophomore with each club. A glance at this chart could tell the Committee who was "in trouble," who was not likely to receive a bid, and for these unfortunates the Committee performed near-miraculous service...
...further aid the students, the Bursar's Office has initiated a new program enabling students to borrow up to $600 at six per cent interest. The program is available to all undergraduates, regardless of financial need. So far, Pyne noted, about ten students have applied for these loans...
Loans to needy students under the old aid program have also increased this year from an average of $400 to $525 per student. The University has already loaned more money to students this year than it did during the entire course of last year, Pyne announced...