mrmn-own ui
Business
NAACP to
Host Annual
Freedom
Drive
*
The Durham Branch of the
National Association for the
Advancement of Colored People
(NAACP) will be hosting their
Annual Freedom Fund Dinner on
Saturday, Nov. 20 at 7 p.m. at the
W. G. Pearson Cafeteria on the
campus of North Carolina Central
University, Durham. The Honoree
for this occasion will be Benjamin
S..Ruffin, Community Leader and
Civil Right Advocate. Ruffin is
Vice President of Corporate Affairs
at R. J. Reynolds Tobacco Compa
nyl?rWin&toi??Sal<(n. He is the for
mer Special Assistant to Gov.
James B. Hunt
Beryamin S. Ruffin
This event will elegantly fea
ture "The Men of Distinction", and
also entertainment. The attire:
Semi-formal. Tickets cost is $25
per person. This event is open to
the public in appreciation for the
continued support and patronage
given to the NAACP Durham
Branch.
For purchase of tickets and
more information call (919) 682
4930.
Program Provides Loans
Countrywide Funding Corpora- Designed to educate both con
tion, the nation's largest mortgage sumers and Countrywide's business
lender, today announced it has dou- partners, the 20-minute, documen
bled its community-based outreach tary style video traces three fami
program, to provide $2.5 billion in lies' experiences and ultimate real
mortgage loans to home buyers in ization of obtaining a home loan,
low-and-moderate-income neigh
borhoods. Unveiled at the national House America is the nation's
convention of the Mortgage Associ- largest affordable home loan pro
ation (Fannie Mae), and is double gram, and features more flexible
the previous $1.25 billion commit- underwriting guidelines for employ
ment made with agency in May, ment, credit exceptions, higher debt
1992. ratios and no cash reserves after
closing.
To reach potential borrowers in
inner-city neighborhoods, Country- In addition, to ensure that each
wide is making available a con- loan receives every consideration
sumer video entitled,"A Feeling for approval, no House America
Called Home," narrated by Tony loan is denied without a second
Award winner James Earl Jones, review. The new $2.5 billion Fannie
known worldwide for his spellbind- Mae commitment officially begins
ing voice and outstandm^ movie on Dec. tj, ,19?3, and will be ful?
and television performance! ' TiliecTwithin 12 months.
Angelou, Reno Named
Sara Lee '93 Frontrunners
Four women leaders, including
the Attorney General Janet Reno
and world renowned poet Maya
Angelou have been named recipi
ents of Sara Lee Corporation's 1993
Frontrunner Awards. ?
The'1993 Frontrunners include:
in business Linda Alvarado of
Alvarado Construction, Inc.; in the
humanities, Lorraine E. Hale, Ph.D.
of New York City's Hale House; in
government, Reno; and in the arts,
Angelou, poet and professor at
Wake Forest University.
These women join the ranks of
the 28 other distinguished Frontrun
ners who have been honored by
Sara* Lee Corporation since 1987.
Sara Lee created the Frontrunner
Awards to honor the achievement of
women in business, the humanities,
government and the arts so that their
example could serve to inspire in
other the dedication and commit
ment the Frontrunner embodies.
Grants will be made to: Spel
man College, the nation's oldest
and largest historically black
women's liberal art college (Maya
Angelou); the Children's Defense
Fund, the nation's leading child
advocacy group (Janet Reno);
Hdmeward Bound, an affiliated pro
gram of Hale House that bridges the
Maya Ang*bu
gap between a woman's recovery
from substance abuse to her return
to independent living (Lorraine
Hale); and the International
Women's Forum, which will create
the Linda Alvarado/Sara Lee Cor
poration Hispanic Fellowship to
enable Hispanic women from the
southwestern United States to par
ticipate in the International Founda
tion Fellows programs (Linda
Alvarado).
- The 1993 Frontmnner Awards
will be presented at a Nov. lun
cheon ceremony in New York, host
ed by John H. Bryan, CEO of Sara
Lee Corporation.
PHILLIP S. BANKS III
PERSONAL INJURY
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MONEY WATCH
By THEODORE R. DANIELS
Going to College?
Is a college degree a valuable asset? You bet it is! A college
graduate will exceed the taming of a high school graduate by
much ft $329,000 over their lifetime. That difference can make A
dramatic impact on your children's future quality of life.
If you have not saved enough money to cover the costs of a
college education consider these financial aid tops to enhance your
chances of getting financial aid to help you and your child out.
They are as follows:
?Contact the financial aid administrator (FAA) at each school
you are interested in attending to learn about available aid pro
grams, the total cost of attendance, and the financial aid 'forms
each school requires.
?Check your public library for publications listing non-gov
emmental source of aid, and investigate what local private organi
zations may offer. Local employers, labor unions, professional
, Jtigriarioni, foundations, religious organizations, and community
dtpfttefctkMs and civic groups may have special aid programs.
?Complete financial aid applications accurately and in detail.
Anjf omissions of errors amy delay the acceptance process for
ronciw no*
?&** any special etotuffiitancei that may affect your family's
lepuled Income od the financial aid application. Special circum
stances such as patent's loss of a job, illnesses or divorce 'may be
taken into account In determining your eligibility for financial
assistance#
?Make coplii of every completed financial aid application, as
.well as related documentation such as income tax returns, If ques
tions arise during the application process, you will be prepared to
mtirtrthem quickly and accurately. ^
?Mott important, meet deadlines. Be aware of the deadlines
tot efeh odtlege, Mete or otnr financial assistance program for
which you apply and mail thelpplicatkxis well in advance.
?Ask questions. Throughout the financial aid process, don't be
aMd to ask your FAA Or lending institution for advice. Remem
btti your FAA is responsible, for determining roost the types of aid
^ou will receive and in raahy eases, how much aid you will
receive one your financial need in assessed
?If you are eligible for a government sponsored Stafford Loan
of Supplemental Loan for Students (SLS), ask your lender whkher
flexible payment options such as graduated repayment and loan
consolidation are available to let you better manage your monthly
payments Von should t also check to see if you are eligible for a
Migrant
i
If you have any question or concern please contact Theodore
A. Daniels, MONEY WATCH P,0, Box 23558, Washington, D C.
20026
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