Page 4 - ThePhoenix1981-82

page 4 September 11, 1981 Administrators survey impact ... CPS ' second night of the protest high signed into law August 13th included 2) Congress will raise the total $170 million) The battle o...er how and where to winds destroyed the shantytown. sweeping changes in most federal amount i~ the Pell Grant pot from cut lederat student aid proQrams was NMU students asked Gov. William student aid programs. The changes $2.6 billion this year to $3 billion in PARENT LOANS I) After October I, 1981, interest on long and emotional. Stretching from Milliken to declare the site of the in the major programs are outlined fiscal 1984 Parent Loans will rise from nine the second week in February through protest against what they termed a below NATIONAL DIRECT STUDENT percent to 14 percent per year the first week of August, it prompted budget "disaster" a disaster area. GUARANTEED STUDENT LOANS LOANS Interest is now tied to the interest those invol...ed in the struggle to Milliken. a Republican, refused I) Students who apply for GSLs 1) The interest rates on NDSLs wilt rates paid on Treasury notes. If they indulge in the extremes of human "Last January I didn't know what after August 23, 1981 will ha...e to pay go from four percent to five percent lall below 14 percent and stay low for beha...ior. Some of the highlights, supply-side economics was all about a new fee called a "loan origination annually a year, then Parent Loan interest Iowlights and renooaies I just had Economics 101. But I think fee." The amount of the origination 2) In congressional trading, finan- rates will fall to 12 percent In shrugging off the potential effects I can maybe stand for at least a fee is five percent of the total amount cial directors were told a $100 million 2) Despite much debate, Congress of lowering the maximum amount of master's. exam at the present time," of theJoan. There will also be a new NDSL appropriation would be re- decided to let independent students _ money a student can get from a Pell U.S. Secretary of Education Terrel "insurance fee" amounting to 1.5 stored to the budget. It wasn't. When - those putting themsel...es through Grant by $100, Sen. Harrison~Schmltt Bell told a convention of state educa- percent of the amount of the loan the program was finally re-funded this school on their own -- keep taking out of New Mexico explained to a Senate tors in August 2) All students, regardless of finan- summer, the appropriation was $14.8 Parent Loans. But the independent hearing that it would only cost the 2.7 . College today is three hours cial worth, used to be able to get million lower student can't get more than $2500 million Pell Gran~recipients the equiv- cneecer .men in 1944. when Olivet GSLs. But as of October I, 1981, 3) Congress will keep it lower. It per year in combined Parent and alent of two packs 'of cigarettes per Nazarene Coliege assistant Dean students from families with annual mandated no- increases in NDSL week. gev. Norman Moore went to school. incomes over $30,CXXlwill have to funding $286 million) Guaranteed Student Loans, or more {currently Three national student groups Eaming about 25' per hour. it took demonstrate financial need in order through 1984 than $12,500 total through a college career dropped plans to sue the Reagan him 1220 hours to pay the $305 it to get a GSL. Congress an the U.S administration over its plan to make took to go to Olivet. Commenting on Dept. of Education are stitt debating NO-OROWTH PROGRAMS STUDENT SOCIAL SECURITY _originally I) The administration Congress resolved not to increase families contribute more money to the effects of the aid cuts, Moore told, what constitutes "need" funding for: wanted to stop school Social Security their childrens' college costs. U.S. a June student meeting that. at the PELL GRANTS 1) Supplemental Educational Op- benefits to the 800,OOO-somestu- Student Association lobbyist Eduardo current $3.35 .par hour minimum 1) Students now get less money per portunity grants for at least "three dents who currently qualify lor bene- Wolle said the lawsuit over increased wage, it would take an aid-less I~I year from Pell Grants, which used to years (current funding is $370 mil- fits if their covered parents are expenses would be "too expensive." student just 1217 hours to pay Onvet be called Basic Educational Oppor- lion) disabled or deceased. A compromise Students at Northern Michigan Uni- Nazarene's $4080 lee this year. tunity grants. last fall, maximum Pell 2) College WOrk-Study for three kept benefits intact this year. ...ersity last spring erected a "Reagan- How & Where Congress cut student Grant per year was $1800. President years (current funding is $550 mil- 2) The amount of the benefits wilt ville" of cardboard shacks to aid Carter lowered it to $1750. Under the lion). be cut by 25 percent in fall, 1982. No dramatize the expected effects of the Washington, D.C. _The budget cuts new Reagan law, the maximum is 3) State Student Incenti...e Grants new students will qualify for Social administration's proposed cuts. The which President Ronald Reapan $1670. for three years (current funding is Security benefits as of then ,...while students scramble CPS Former U.S. Secretary of Education Reserve University in Cleveland. "We pool" according not to their academic see some terrible anxiety (among Mary, about to start her first year of Shirley Hufstedler confirms they'll "hit depend on strong financial aid to abilities, but to their ability to pay students this fail)," Martin suggests law school at Vanderbilt University in in full and evil ftower next year." The attract students." - their own way without aid, Many "students just aren't aware of Nash...ue. says She'll have to "Take it impact then will be "shattering." Traditionally-black colleges, where "That would be destroying what the changes" step by step. I can't make it through The relati...e scarcity of federal stu- it's not unusual to find 100 percent of we'...e always worked lor -- a di...erse There are other immediate affects, three years without tfinancial) ai9." _ ~ dent ai'! ~'wil~Iitf!r~lIy_foreclose the. the ~tudent body using some sort of student body with a good sprinkling "many of them invisible for now," ~f;sili c.!nlt .:get--enough-aid, 'Mary- -- oPPortUnityto-go to school" for some federal aid, are also expected to be of minority students and lower-income Martin says. He recalls talking to a (riot her real name) will "either drop students, Martin says. For others, the hit especially hard by the cuts student," Smith mourns textbook publisher who complained out of school, or wait to go, or just cuts "will cause students to maybe Most public college aid officials Missouri "hasn't discussed going that bookstore managers, unsure of forget about it." Mary's not alone. delay enrolling" ~ile they hold a.Job, were reluctant to predict just how back to ability-to-pay (admissions) what to expect, are "ordering books Like millions of undergraduate and and ''will most likely cause a shift in many of their students won't be able yet," Brook says, "but I can see it conserveu vely" until they can more graduate students this fall, she's enrollment patterns from more expen- to re-enroll because of the cuts. One coming up. E...erything's going down acccurately gauge demand. Other feeling the first effects of President si...e private schools to public col- -- Jerome Sullivan of Iowa State -- at the drain on this thing." observers foresee temporary lapses Reagan's cuts in federal student aid leged," he adds one point speculated ISU could lost Confusion o...er congressional intent in services like campus food opera- p(Pgrams ~ Indeed, some are predicting a 20 percent of its students, but that and an administration delay in tions, whose directors may ha...e Financial aid-officials around the rapid disappearance of all but the they could be replaced by transfers processing aid applications last withheld ordering for the school-year country s~ to agree that while this strongest private colleges. To meet from pri"'ate colleges spring ha...e caused the most trouble until they say how many students had year's cuts will hurt students, the higher tuitions, a greater percentage "We expect a large number of for this fall's students, aid directors to drop out because of an inability to worst effects are prObably ·a. year of pri...~te college students uses fed- students will be affected," says say. Most of the changes in aid pay. away eral aid money, according to a George Brooks, aid director at the awards go into effect October 1, but Smith estimates that 175 of the 500 "The full impact of the, changes • February, 1981 study by the,Natlonal - University-of. Missouri-Columbia. "We aid administrators didn't know that students in Vanderbilt's nursing won't start to be felt until next spring center on-Educational Statistics. don't know how many yet. We're until well past June, when most aid school would ha...e had to drop out if and summer," predicts Dallas Martin, So ''wttenlhe axe·falls, it might be certainly not going to be able to fund "packages" are usually completed "we hadn't made it up with about executive director of the Natior'iill the end of many small, pri...ate col- e...ery student who need it, which has and announced $loo,COOin institutional funds." But "I Association of Student Financlal Aid leges," speculates Carol Skirbel, aid been our commitment since the mid- Vanderbilt's Smith complains of don't know what we're going to do Administrators administrator'at private Case Western sixties" trying to arrange aid for students in - next year" if Congress doesn't re- At Texas, "we don't know how it will the face of "confusion and conflicting fund a nursing loan and other aid . translate into the number of students directi...es" during the summer. Two programs, Smith says. A change of ' lost to the institution," says Michael weeks before school started, "we still heart is unlikely. Most Washingtonians LOCUST BOOKS No...ak, the uni...ersity's aid director do not ha...e an official notification of promise e...en deeper cuts next year. "But the quality of the students' a payment schedule" on wtlich to 9 Ec1stMain Street ~r~~dt~ reach his students Phoenix lands Westminster, Maryland 21157 ~~~t~.ie~~: ~~:d~:~~t~~~ahc~ ':~I; c:~~: 301/848-6813 ~~~~:~\: on the poorest students, ;:~dl~~~or~or'h~u~~:nt~uJu~~u~;~~ at WM campus Da...id K. Smith, Vanderbilt's student Loans (GSLs), but doesn't know how aid director, worries about "a return successful he was from page 1 Hours: ~!~O!~ ~a~i~hvth:;n~a~~~:II~"w~: a~~II~otS~~p~i:~le';;:n g~~~ ~: the paper this y'ear include selection Mon, thru Thurs. 10 n.m ...-7 p.m, Fri. 10 a,m.-B p.m. worries the schoo might e...entually back this year, and find they won't be and adherence to a stylebook, th~ ................................... -. be forced to admit students "in the able to get as much money as last AS~lated Press. Stylebook, orga~lI- 11 a.m.-4 p.m. Sunday 10 a.m.-7 p,m, Saturday fbo;;tt;;om;;_;;;",:.,·,:.P';;'c;;",;,',:."_;'.:."'_;.:::PP;;lica;.:._;".....,;,;;",;,''_;'6:;''''''':.:..;'..:;'';;'':;' !~tr:~~:~ _"Y..:;"";..".;:.'..::":;'"..::'.,to~:~~a~dr:%c~~'i~~riZf : HOUSE OF LIQUORS : W('stminster Gold nnd Silver Exchange to section editors. Planned changes in content ~l_i!1_~t!€t.~re in depth .- Canoll Plaza, Wesbninster WMC 848-1314 .. : , DON7 SELL FOR LESS afld entertainment material and coverage of the news, more feature : : : broader editorial perspecti...e Welcome Back "I have many ideas about the way I : Special of the Week : JEWELRY .~WATCf!ES • DIAMONDS would like to see the newspaper expand and de...elop; but it also : Molson Golden : ('arr