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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