Neef Loan Fund
The College last month announced the establishment of the Francis J. A. Neef Memorial Loan Fund in honor of the late Professor Neef, who for many years was in charge of Dartmouth's financial aid program. The Neef Fund represents a consolidation of five miscellaneous loan funds into a single one, with a total value of over $100,000, including amounts out on loan and balance on hand.
Professor Neef died last November 20. He had retired in 1952 with the title of Professor of German, Emeritus, after being a Dartmouth faculty member for 43 years. In 1927 he became Director of the Personnel Bureau, while still retaining his professorship, and in that position he supervised all scholarship and loan awards, as well as student employment and alumni placement, for the next 25 years.
Robert K. Hage '35, present director of the Office of Financial Aid, said that the establishment of the Neef Fund "is a fitting tribute to Professor Neef. He was one of the leaders among college scholarship officers in the use of loans to help men finance their educations. The loan policies he set up enabled Dartmouth to help many more men with its available resources than would otherwise have been possible."
An enlarged role for student loans in the College's overall financial aid program is a development that Professor Neef approved of, and the fact that in years to come more and more loans will be made from the fund bearing his name is a memorial that would have pleased him.
Dartmouth Medical School last month received a grant of $10,620 from the National Fund for Medical Education. This was part of some $3,000,000 awarded by the Fund to the nation's 82 medical schools. Each of the four-year schools received $15,000 plus $65 per student. Each of the two-year schools, including Dartmouth, received $7,500 plus $65 per student. The grants by the National Fund for Medical Education were made possible by the contributions of 4,858 corporations and individuals, plus contributions by the Ford Foundation, which matched 1956 Fund receipts up to 70% of the previous year's total and 100% for all receipts above the previous year's total.
