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News Release (May 16, 1964)


Material Information

News Release (May 16, 1964)
Alternate Title:
New College News Release, For Release: Saturday, May 16, 1964
Physical Description:
New College of Florida
New College of Florida
Place of Publication:
Sarasota, Fla.
Creation Date:
May 16, 1964


Subjects / Keywords:
History -- New College (Sarasota, Fla.)
Planning -- New College (Sarasota, Fla.)
Records and correspondence -- New College (Sarasota, Fla.)
government publication (state, provincial, terriorial, dependent)   ( marcgt )
News release
Spatial Coverage:
United States -- Florida -- Sarasota


General Note:
Two page news release.
Source of Description:
This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.

Record Information

Source Institution:
New College of Florida
Holding Location:
New College of Florida
Rights Management:
Before photographing or publishing quotations or excerpts from any materials, permission must be obtained from the New College Archives, and the holder of the copyright, if not New College of Florida.
System ID:

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Full Text


. NEW COLLEGE NEWS RELEASE NEW CO L LEGE, SARASOTA, FLORIDA FURMAN C. ARTHUR INFORMATION FOR RELEASE : Saturday, May 16, 1964 New College has been included among the nation's colleges and universities whose students will receive loans under the National Defense Student Loan Program. Announcement of the loan program was made by A.L. Ellis, chairman of the Finance Committee of the New College Board of Trustees. Ellis said that in its initial year, New College will have up to $30,000 available to its students for loans. Importance of the loan, pointed out Ellis, is that the authorization comffibefore the first class of students is enrolled. He said that the loan fund now will be offered to members of the New College Charter Class, which has been almost completely determined. Students may borrow up to $1,000 a year under the program made possible by the National Defense Education Act, with a maximum loan of $5,000. Repayment begins one year after completion of coursework by the student although there are deferral programs for servicemen, students going into graduate work or for students who go on to teach. Interest on the loans is only 3 per cent and begins to accrue only at the beginning of the repayment period. (more)


2 -Ellis, chairman of banks in Manatee and Sarasota counties, said that students today are turning to such loans as an investment in their future. He said that the Admissions Office of New College indicates that a large number of students will apply for loans. The most recent figures show that institutions made average loans of $478 to students. ####

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