A blog about living in Aberdeen, New Jersey.

Tuesday, May 22, 2012

History: Student Loans Liberalized in Monmouth County (July 1949)

The 28 July 1949 edition of The Matawan Journal told of the initiation of a new student loan program for those attending the Monmouth Junior College in Monmouth County, New Jersey. Up to $100 was to be available without interest or other charges.

Junior College To Give Student Loans

To help a large number of Monmouth County youth to attend college, the Monmouth Junior College Board of Trustees has approved a liberalizing of plans to give financial aid to students who wish to attend the junior college. Approved were a less restrictive plan for granting loans to students, and a revision of the deferred tuition payment plan. Loans up to $100 per student may now be granted, without interest or other charges, to entering freshmen and sophomores who take a full program of studies. Previously, loans were granted only to second-year students and carried interest charges.


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