Iowa State University - Bomb Yearbook (Ames, IA)

Page 8 text:

rbicatiuu 3n grateful trilnttc tn ®urbuu Pl Patties lul|ii l|as qilmi so tuilliujjlu tliat the less furtmtate xntql|t cnjny the jjnssihiltties of a rnllegc ebucattciit foe bebtratc ®l{£ 1919 Hamuli

Page 10 text:

Zi)t l attlcsi ' Hoan Jf unii GuRDON W. AVattles worked his way through Iowa State College at a wage which to the student of today would seem a mere bagatelle. The College at that time paid but ten cents per hour for student labor. Picture yourself obtaining a col- lege education under these trying conditions. Mr. W attles having struggled through his college career under adverse cir- cumstances, naturally had a soft spot in his heart for the student who is obliged to work his wa ' . Some six or seven years ago Dean Stanton paid Mr. Wattles a visit at his home in Omaha. During his visit the question of a student loan fund arose. Mr. Vattles generously offered to subscribe one thousand dollars per year toward the estab- lishment of such a fund. This fund has now reached approximately seven thousand dollars and is under the direction of Dean Stanton. It is avail- able to Juniors and Seniors, who by their record and submission of sufficient testimonials prove themselves worthy of the loan. The student is placed upon his honor, for no security is re- quired. For the use of the fund the student pays five per cent interest per annum until graduation, six per cent after gradu- ation, and eight per cent for a deferred payment. Think what a fund of this nature means to a student who has no security to offer and who would otherwise be denied a college education. The AVattles ' loan fund has proven a successful venture, for it has made it possible for approximately three hundred students to complete a college course and to go out into the world prepared for the greater things in life.