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Show Utah Students Make Good Use of Nat'l Defense Loans Loans to Utah students under the National Defense Education Act totaled $776,643 as compared with $171,051 last year according to a survey just completed by Rep. M. Blaine Peterson (D-Ut). "These loans are repayable to the government with interest," Rep. Peterson said, "and offer opportunity op-portunity to many high school graduates who would otherwise be denied higher education." Under the terms of the program pro-gram a student may borrow no more than $1,000 a year at 3 interest and a maximum of $5,000. Utah State University of Logan leads first congressional district participation institutions with a 19G2 fiscal year a''jcation of $116,901. Cedar City's College of Southern Utah ranks second with $11,337 committed in 1962 and $32,503 for fiscal year 1961. Other colleges In the first congressional con-gressional district are utilizing the program as follows: Carbon College, fiscal year 1961, $6,255; $1,050. Dixie College, fiscal fis-cal year 1961, $6,200; 1962, none. Snow College, fiscal year 1961, none; 1962 $10,301. Weber College, Col-lege, fiscal year 1961, none; 1962, $5,377. "Naturally the program has a special emphasis on science and mathematics," Peterson said, "but it has equal incentive for any student entering the teach- ing profession which has heretofore hereto-fore been sadly neglected." Peterson was referring to the "forgiveness" feature of the program pro-gram whereby a student who chooses to teach in a public elementary ele-mentary or secondary school Is eligible for the forgiveness of ten percent a year of the total amount of his education loan. Total forgiveness is limited to fifty percent of the total loan. Each participating institution has a designated representative for the National Defense Student Loan Program to accept applications applica-tions and explain the program. |