UIHistories Project: A History of the University of Illinois by Kalev Leetaru
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Repository: UIHistories Project: Course Catalog - 1899-1900 [PAGE 275]

Caption: Course Catalog - 1899-1900
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LOANS TO STUDENTS BENEFICIARY AID

273

EDWARD SNYDER DEPARTMENT OF STUDENTS' AID In 1899 Professor Edward Snyder, Professor of the German language and literature, emeritus, gave to the University the sum of $12,000, to be loaned to worthy students to enable them to finish their courses in the University. This fund is, by action of the Trustees, available to junior and senior and graduate students who need aid to remain and complete their work. The minimum loan made will be fifty dollars ($50), and the maximum will be one hundred and fifty dollars ($150) to a junior and two hundred dollars ($200) to a senior or graduate student. Notes of hand are taken for the amount of the loans, with 5 per cent, interest. The maximum time limit is three years for juniors, and two years from the ensuing thirtieth day of July to seniors and graduates. Applications for loans will be passed upon by the Council of Administration and approved by the Finance Committee of the Board of Trustees of the University.

T8 WHOM LOANS MAY BE MADE

Loans will be made to matriculated.students only who have attained at least the rank of full juniors, who have been in residence at this University at least one year and are at the time students in residence at this University, and who have declared their intention to graduate. In recommending loans preference shall be given to those students who are farthest along in their University work and who have shown themselves most assiduous and successful in their studies, and who have shown habitual economy in life. No distinction shall be made among students on account of sex or as to course of study. A loan will not be recommended for any student who is believed to have been financially or morally delinquent in any respect.