The Scholarship Loan Fund
Abstract
The Scholarship Loan Fund SAGE Publications, Inc.1938DOI: 10.1177/019263653802207210 At the annual meeting held at New Orleans in February, 1937, the Executive Committee of the Department authorized the National Council of the National Honor Society to establish the Revolving Scholarship Loan Fund. This fund provides some forty scholarships of two hundred dollars each to aid worthy members of the Society during the scholastic year, 1937-38. These loans are available to members in the upper three years of colleges and universities. Preference is given to juniors and seniors, although the awards are made on the basis of the level of scholarship maintained and the financial assistance required. No loan of less than fifty dollars or more than two hundred dollars will be made in any one year. In order that there may be an equitable distribution of these forty scholarship loans, the United States has been divided into eight districts. Each of these has about two hundred and fifty chapters of the National Honor Society. Each district has a chairman who receives and passes upon the applications of candidates for loans. After the applications have been received by the District Chairman, they are sent to the National Committee of Three,