replacements. This total of nearly $6 billion for 10 years would mean the annual expenditure of almost $600 million for dormitories, dining halls, and related facilities alone, an amount which is far beyond the present and prospective resources of the institutions.

Senator CLARK. Dr. Popejoy, do you have any comparable figures for the needs for academic facilities classrooms, laboratories, libraries, and the like?

Dr. POPEJOY. Senator Clark, I do not have this information at present. I could make an estimate and I have a feeling on that, which I will discuss later if you would like to raise the question.

Senator CLARK. Thank you.

Dr. POPEJOY. As current evidence of the need for college housing loans, the Housing and Home Finance Agency had on hand, as of April 30, 185 applications for loans from the colleges and universities for a total of more than $223 million. Applications are continuing even though funds have been exhausted now for about 6 months. With your permission, Mr. Chairman, I should like to offer for the record the list of 185 applications that were pending at the end of last month. This list will indicate to you not only the continuing need but the broad representation of types of institutions and of geographical areas. Applications come from public and private institutions, and from 42 States and the District of Columbia.

Senator SPARKMAN. That will be printed as a part of your statement. (The material referred to follows:)

Pending applications, college housing program, as of Apr. 30, 1960

Pending applications, college housing program, as of Apr. 30, 1960—Continued

Pending applications, college housing program, as of Apr. 30, 1960-Continued

Hamline University--.

Mississippi :

Mississippi State College of Agriculture & Appliance Science__

The University of Mississippi___.

Missouri:

St. Louis University

The Washington University.

Culver-Stockton College___

Central Missouri State College_.

Montana: Western Montana College of Education__

New Jersey: Rutgers University (College of Nursing).
New York:

Albany Law School and Albany Medical Center---.

$2,500, 000 1, 125, 000 900, 000

2, 000, 000 1, 408, 000

3, 000, 000 531, 396 550, 000 750,000 200, 000

1, 000, 000 1,250,000 500,000

2,288, 000 780, 000

1, 600, 000 2, 350, 000 338, 000 1, 500, 000

80,000 450, 000

1,080, 000

2,982, 000

120, 000

500, 000

1, 000, 000 903, 000 3, 000, 000 4, 000, 000 680,000

7, 400, 000 920, 000

2, 000, 000 750, 000

740, 000

625, 000

1, 300, 000 290, 000

275,000 570, 000

1,066, 800 300,000

400, 000 500, 000

3, 500, 000 4, 400, 000 320,000 225,000

1, 650, 000 500, 000 1,875, 000 5, 475, 900

626, 600 450, 000 550,000

Pending applications, college housing program, as of Apr. 30, 1960—Continued

Dr. POPEJOY. This list also, we believe, speaks eloquently of the successful history of the college housing loan program, which was inaugurated by the Congress on a bipartisan basis and which has consistently held the majority support of Congress during the last decade. Since the program's inception, loans totaling some $1,175 million have been granted to 1,200 college and university projects.

These projects have provided housing accommodations totaling 285,000 at colleges, universities, and hospitals, and in addition have made possible nearly a hundred related facilities such as dining halls, cafeterias, and student unions. These figures explain better than any words I can say, Mr. Chairman, why the colleges of this Nation believe in the college housing loan program. Any termination of it would truly be a heavy blow.

LOAN PROGRAM IS ESSENTIAL

The program is essential for this reason: It provides loans to the colleges at interest rates and for long terms not available in the private market, which are necessary if the colleges are to amortize the loans out of student rentals at rates which students are able to pay. This conclusion was supported by a careful study made in 1957 at the School of Business, Indiana University, and sponsored by the American Council on Education, entitled "Financing of College and University Permanent Housing." Copies are available today to the members of this subcommittee who may desire them.

Senator SPARK MAN. Dr. Popejoy, right there I want to ask you something regarding the first paragraph. You say since the program's inception loans totaling $1,175 million have been granted to 1,200 college and university projects. Do you by any chance know how many different colleges and schools shared in that program, and how many States have been represented?

Dr. POPEJOY. Not precisely.

Senator SPARKMAN. I think that would be interesting, if it would not be too difficult to prepare such a list for inclusion.

Dr. POPEJOY. A list of the colleges and universities participating in this program since its inception?

Senator SPARKMAN. Yes. To me it would be interesting to know how many different colleges and schools have participated and how widely spread they have been over the Nation. I think it would be helpful.

Dr. POPEJOY. If it meets with the chairman's wishes, I will see that this list is made available and placed in the record.

Senator SPARKMAN. If it is not too much trouble.

Dr. POPEJOY. I am sure it is not too much trouble.

Senator SPARKMAN. We would have to have it by a week from Friday.

Dr. POPEJOY. We can supply this list.

(The list referred to follows:)