Page 18 - To Dragma September 1924

226 TO DRAGMA OF ALPHA OMICRON PI

fund f o r smaller emergency loans. They should first inquire of
the Chairman of the Anniversary Endowment Fund i f there are
any funds available to them at the time needed, and fill out appli-
cations according to prescribed form.

Every associate and graduate member of Alpha Omicron Pi
can do a vast deal of good by taking out a life subscription today.
Use the blank enclosed in this issue.

FINANCING AN EDUCATION

When the financing of college education becomes too great a burden
for parents and friends, the student himself should assume to a large
extent the cost of his collegiate training. Under such a system the lazy
and mentally unequipped would he eliminated automatically. The in-
dividual assuming the responsibility for obtaining funds for his own educa-
tion, it is believed, would quite naturally develop business-like methods of
procedure in regard to expenditures, and acquire a wholesome respect for
financial obligations and the business principles adhered to by men suc-
cessful and respected in the industrial and professional world.

The Harmon Foundation maintains that it is better for a student to
borrow money from a loan fund than to overwork while going through
college. Every institution, probably, can point to a number of those rare
individuals who are so generously endowed with ability as to be able to
earn not only their entire expenses but a handsome surplus in addition.
And yet in how many cases has an A.B. or B.S. been obtained at the
cost of low scholarship, overstrained bodies and mind? If the repayment
period of student loans were properly distributed over a period of years,
the process of liquidating interest and principal should not be a great
burden on the individual who has properly budgeted his college expenses
year by year.

"It is a good policy," writes a well-known educator, "for the upper-
classman who is hard up, if he has a definite purpose before him, to borrow
money to get him over the last hard pull of the senior year. I have always
been sorry that I did not myself borrow more. Had I done so, I could
have accomplished more during my last year. But the man who borrows
should really be a man who takes his obligations seriously, who meets
them promptly, who, when he gives his word, keeps it."—Harmon Founda-
tion—News-Bulletin, via Alpha Xi Delta.