State Teachers College. Clarion, Pennsylvania. the Catalogue Number 1952-53. 1952/1953
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A trust fund established at The First National Bank of Port Allegany 38 STATE TEACHERS COLLEGE by Mr. H. W. Colegrove provides for scholarships of $100 each per year to be awarded to students from McKean County. The Frank L. Harvy Student Loan Fund in the amount of $1,000. The criteria to be used in making de- cisions as to the ones to borrow from this fund will be: (1) The real need for such a loan, (2) the love of children and young people, (3) a modicum of brains, (4) an under- standing hear...t, (5) a sense of responsibility. H. W. Colegrove Scholarship Loan Fund Trust. The will of Mr. Colegrove provides that The First National Bank of Port Allegany may make loans from his trust fund up to $200 in any one year, and not more than $500 to any one student, at the rate of 2% interest per annum while the borrower is attending school and 4% per annum after leaving school. The R. H. Duntley Memorial Loan Fund. Miss Alice C. Duntley has established a loan fund in memory of her father, R. H. Duntley of the class of 1892, and a former Trustee of the College.
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