In 1995, the Board of Directors for the Howard Bayne Fund voted to award a grant in the amount of $11,000.00 to Hostos Community College. These funds were donated with the condition that our institution administer them as a student loan program. Upon receipt of these funds, the College Advisory Committee passed a resolution to accept these funds on behalf of the students at Hostos Community College. They further indicate the need to improve retention for our students and to specifically assist them with the reality of "...sudden financial emergencies that arise for those who live in poorer communities of the city: Fires, housing, family medical emergencies, burglaries, spouse abuse and subsequent necessity to move into shelters, etc.." Howard Bayne. Since the Howard Bayne Fund's initial donation of $11,000.00, the College has received an additional contribution of almost $20,000.00. Due to the administrative capability of the Office of Financial Aid and the Business Office, over 200 students have benefited from these emergency funds. The Office of Financial Aid has also secured over 65% of its original disbursements from loan repayments. As a result of these efforts, it is now a revolving account that continues to provide vital support to our college community. NOTE: There is NO interest on the Bayne Loan.