Bill Would Aid in House Expansion

A possibility for financing additional University housing at low rates was suggested last Wednesday when a bill was introduced into the Senate to make Federal loans on easier terms available for housing facilities at universities.

The bill, sponsored by Senators J. William Fulbright (D-Ark.) and John J. Sparkman (D-Ark.), would expand and liberalize the existing college housing program, authorized in 1950.

None of the Ivy League colleges has yet used the program, though Tufts, Brandies, and many others have.

The proposed bill would reduce the rate of annual interest on loans to colleges from 3 1/4 percent to 2 3/4 percent. It would also increase the over-all ceiling on loans from $300,000,000 to $500,000,000 and would allow fifty years, instead of the present forty, as the maximum term of the loans.