Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 1145]

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1142

BOARD OF TRUSTEES

[January 20

REVISION O F C U R R I C U L U M IN MINING A N D METALLURGICAL ENGINEERING (10) The Urbana-Champaign Senate recommends a revision in the curriculum in mining and metallurgical engineering by adding a three-hour course in statistics (Mathematics 263) and changing a course in mining engineering (Mining Engineering 253) from four semester hours to three semester hours. The Senate Coordinating Council indicates that no other Senate jurisdiction is involved. I concur.

On motion of Mrs. Watkins, this recommendation was approved.

REVISION OF CURRICULA IN MECHANICAL ENGINEERING AND INDUSTRIAL ENGINEERING (11) T h e Urbana-Champaign Senate recommends a revision of the curricula in mechanical engineering and industrial engineering by dropping the course Advanced Drafting for Mechanical Engineers (General Engineering 112) from the second semester of the second year, changing the social sciences or humanities electives from a total of ten semester hours to nine semester hours, and adding a threehour course in engineering analysis and design in the fourth year. T h e Senate Coordinating Council indicates that no other Senate jurisdiction is involved. I concur. O n m o t i o n of M r . S w a i n , t h i s r e c o m m e n d a t i o n w a s a p p r o v e d . C U R R I C U L U M IN CRAFTS (12) The Urbana-Champaign Senate recommends authorization of a new curriculum in crafts in the College of Fine and Applied Arts, the objective being to provide a strong basis of fine arts, a foundation of general education centered in the humanities and social sciences, and a solid technical program in two of the three most important crafts areas. Submitted herewith are the details of this new curriculum, a copy of which is being filed with the Secretary of the Board for record. The Senate Coordinating Council indicates that no other Senate jurisdiction is involved. I concur.

On motion of Mr. Swain, this recommendation was approved.

SHORT-TERM LOANS (13) Fifteen years ago the University of Illinois held slightly over $500,000 in loan funds, of which less than $100,000 was loaned to students and the balance was invested in government securities. During the intervening period, the total o{ such funds has increased to $744,000 all of which is now loaned or committed. At the present time there are insufficient funds to meet approved applications, and loans are being made solely from repayments on outstanding notes. The University makes two types of loans: long-term loans, which are repaid in installments beginning four months after the student leaves school; and shortterm loans, which are generally in amounts of less than $100, bear no interest, and are payable within the semester in which they are made. T h e sum of $39,000 has been assigned from certain loan funds, the terms of which are sufficiently liberal to permit them to be used for short-term purposes. During the past semester the demand for short-term loans has continually exceeded available resources, and it has been necessary to temporarily assign cash from long-term funds for which the demand is also greater than the available resources. Without some assistance it will be necessary to refuse many applicants for short-term loans after the beginning of the second semester. The University of Illinois Foundation holds a substantial cash balance in the Shaw Endowment Income account which may be used for educational purposes and is generally used for scholarships. These funds will not be needed until the first semester of 1960-61, and the Board of Directors of the Foundation has agreed to make a temporary grant of $20,000 from them to the University for shortterm student loans during the second semester of 1959-60, to be repaid by Septetn-