With approximately $250,000 already spent by the University on emergency housing for veterans, the University announced Saturday that an estimated $1,000,000 will be spent for housing and counselling of the veteran members of the present student body during their stay in Cambridge.

In addition to the quarter of a million dollars spent so far on housing, the University has been forced by the crowded conditions to spend another $100,000 for a new dining hall.

The biggest other single expense of the veteran colony to the University is an annual expenditure of $200,000 for guidance, counselling, and other veterans' care. This sum is in addition to the money spent by the government for the same purposes.

Houses To Be Returned

On the housing scene, the darkest cloud in the future is the day when temporary housing facilities are turned back to the government. This will occur after the present extraordinary demand dwindles, but the University anticipates that many large expenses will be incurred in the process.

Although the present housing program has not reached its peak yet the University announced that it had provided approximately 700 family units in University developments and in addition, the Housing Office has found private accommodations for many other students in need of rooms or apartments.

Fort Devens provides the largest haven for vets and their families with a total of 386 units for housekeeping.

Non-housekeeping units to the tune of 115 couples have been set up in the newly revamped Hotel Brunswick in Boston, and still another 198 families have found homes through the cooperation of the FPHA in Boston and Cambridge.

"In a period of rising costs, the University risks a large deficit through a nonprofit policy to which it will continue to adhere," declared Vice-President Edward Reynolds.

Rentals for all of the University projects have been fixed in accordance with the special conditions at each site.