1,500 Students Receive Increased Financial Aid

Nearly $1,000,000 in scholarships, loans, and part-time employment, comprising the largest program of financial aid in the College's history, will help more than one-third of Harvard's 4,450 undergraduates meet the increased costs of education.

Wilbur J. Bender '27, starting his first year as Dean of Admissions and Financial Aids, announced last night that the College's largest scholarship budget will provide $623,000 to help 1,045 men. Last year 1,010 men received $580,000.

Loans Decrease

Long term loans, carried free of interest until a man completes College or Graduate School, will run a little short of last year's $90,000 record.

About 700 students working as porters, in dining halls, libraries, and other college jobs are expected to make an additional $175,000 this year. In addition, the Student Employment Office expects to place another 250 men in part time work in Cambridge and the Greater Boston community.

The entering freshman class breaks all school records for scholarship awards and assured jobs. Of the class' 1,200 men, 306 are receiving $190,000 in scholarship aid. Last year 260 freshmen were awarded $165,000 in stipends.

One hundred and fifty-four members of '56 have accepted regular part time jobs in the University work program--and are expected to earn more than $50,000. Only 80 freshmen had accepted jobs at this time last fall.

Many of the freshman will participate in the reorganized porter system, tried experimentally last year. Under complete student management this time, some 80 men will spend 10 hours a week cleaning rooms and halls in seven Yard and two Graduate School dormitories. Each porter will earn about $300 for the year.

Britton Heads System

Stanley, J. Britton '53, varsity football player, will be general manager of the program, and will be assisted by seven porter captains, all chosen from last year's outstanding men.

The increase in scholarship aid was made possible by a half-million increase in the scholarship endowment. Most important of all new donations was the $250,000 gift of Mr. and Mrs. John Loeb of New York.

Largest amounts of scholarship aid this year fall in the following states: California, 23 men, $29,250; Colorado, 15 men, $12,220; Connecticut, 21 men, $10,500; Florida, 13 men, $8,850; Illinois, 34 men, $20,675; Indiana, 12-men, $9,100; Kansas, 13 men, $10,550; Massachusetts, 350 men, $169,801; Michigan, 16 men, $9,150: Minnesota, 23 men, $17,750; Missouri, 16 men, $11,300; New Jersey, 23 men $14,250; New York. 143 men, $78,730; Ohio, 63 men, $48,550; Oregon, 9 men, $7,200; Pennsylvania, 45 men, $29,800; Rhode Island, 22 men, $11,850; Washington, 22 men, $14,400; Wisconsin, 15 men, $8,400. Scholarships totalling $7,700 were awarded to II men from foreign countries.

100 Nationals

The College's most coveted financial award the National Scholarship was awarded to 27 freshman, and 72 upperclassmen, representing 28 states. The 100 men will receive stipends amounting to $99.000.

The long-term loan program has grown from $10,000 in 1948-49, to $90,000 last year. The student pays no interest until leaving the College or Graduate School. After leaving he pays three percent interest and $10 a month on the principal until the loan is retired. The program is supported mainly by the Harvard Loan Fund of Boston, a private organization whose principal trustee is Ralph Lowell '12, a member of the Board of Overseers.

When the College administration was reorganized last summer, the financial aid center was more closely related to the admissions office. The following officers have ben appointed to carry out this joint program: Judson T. Shaplin '42, Director of Freshman Scholarship; David D. Henry '41, Associate Director of Admission; LF. Cooper-Ellis '42, and Eric Cutler '40, Assistants to the Admissions Committee; and Richard King, Assistant to the Scholarship Committee