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LOAN FUNDS
  
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Page 176

LOAN FUNDS

Applicants for loans, if not already registered as students in the University,
must have complied with all the requirements for entrance. All inquiries concerning
loans should be addressed to the Bursar.

The American Bankers Association Foundation.—From this fund an
annual allotment of $310, supplemented by $190 provided by the University, is
made to provide two loan scholarships of $250 each for education in economics.
These loan scholarships are awarded only to deserving students of integrity, intelligence,
character, competency, and aptitude, whose means of support are
depended wholly, or in part, on their own labor, and whose major is in banking,
economics or related subjects in classes of junior grades or above.
Scholarship
of the highest rank will not be a definite requirement for a loan scholarship
award; however, the Foundation desires to encourage students who will become
leaders in professional or business life, and does not wish loan scholarships made
to mediocre or inferior students. Information regarding these loans may be
obtained by addressing Professor E. A. Kincaid, University, Va.

Lelia S. Bennett Loan Fund.—Established in 1926 by a bequest of $5,000
by Mrs. Lelia S. Bennett, of Albemarle County. Loans are made to deserving
students in any department of the University.

Philip Francis duPont Loan Fund.—Established in 1930 by the Rector
and Visitors of the University of Virginia from surplus income, arising from
the Philip Francis duPont bequest. Loans not exceeding $150 per session will be
made from this fund to deserving students in any department of the University.

Doctor Charles Hooks Harris Medical Student Loan Fund.
Established in 1923 by a gift of $100 per year for a period of ten years, from
Dr. Seale Harris, of Birmingham, Ala., in memory of his father. In making
awards from the fund preference will be given to applicants from Cedartown,
Ga., upon the recommendation of the Superintendent and Principal of the
Cedartown High School and Mr. J. C. Harris, Superintendent of the Georgia
School for the Deaf, Cave Springs, Ga. If there be no applicant from
Cedartown High School, then the award will be made by the President and
Dean of the Department of Medicine of the University.

Fairfax Harrison Loan Fund.—Established in 1915 by the gift of $200
from Fairfax Harrison, of Washington, D. C. Loans from this fund are made
to deserving students in any department of the University.

Harvard Loan Fund.—The Harvard Loan Fund was established in February,
1909, by an alumnus of Harvard University, who gave to the University
of Virginia the sum of $5,000 as an evidence of the friendship and kindly relations
existing between the two institutions. Loans from this fund will be made
to needy and deserving students pursuing or intending to pursue studies in any
department
of the University, in amounts not to exceed $100 in any one session
to a single student, at an annual rate of interest of four per cent.

Kiwanis Club Loan Fund.—Established in 1922 by the gift of $100 annually


177

Page 177
from the Charlottesville, Va., Kiwanis Club. Loans are made to deserving
Virginia students in any department of the University.

Robert E. Lee Loan Fund.—In October, 1914, a gift of $10,000 was made
to the University by a veteran of the Federal Army, who wished in this way
to express his interest in this institution and his admiration for General Lee.
Loans from this fund will be made to deserving students in any department who
stand in need of such assistance.

Lynchburg Alumni Chapter Loan Fund.—Established in 1915 by the gift
of $200, with an approximately equal sum annually, to be loaned to students from
Lynchburg and vicinity, upon the recommendation of the officers of the
Chapter.

Seven Society Loan Fund.—Established in June, 1915, by a gift of $500
from the Seven Society of the University. Loans are made to deserving students
in any department of the University.

The Henry Strong Educational Foundation.—From this fund established
under the will of General Henry Strong, of Chicago, an annual allotment is
made to the University of Virginia for loan scholarships, available for the use
of young men and women students under the age of twenty-five years, preferably
in the upper classes, to aid them in obtaining a "practical, literary, scientific,
mechanical or business education."

Virginia Students' Loan Fund.—The Virginia Students' Loan Fund was
established by an act of the General Assembly of Virginia, approved March
14, 1908, and amounts each year to one per cent of the annual appropriation
made by the Legislature for the support of the University. In accordance with
the terms of this act, loans will be made "to needy and deserving students of
talent and character, from Virginia," in amounts not to exceed $150 in any one
session to a single student, at an annual rate of interest of four per cent.

Sarah E. Wright Memorial Loan Fund.—Established in 1915 by a gift of
$750. Loans from this fund are made to deserving students in any department
of the University.