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Thursday, Feb. U, 1993 The Daily CollegiaVi News — 7 Clinton s pknsTiot likely to affect financial aid Implementation of Service Act hinges on loan test results By Jennifer L. Davis Staff writer Students who receive financial aid are not likely to feel the effects of a new presidential administra¬ tion any time soon. President Clinton's plans of scrapping the entire student-loan system are still just plans. / "At this point, it's all campaign rhetoric," said Joseph Heuston, di¬ rector of the Financial Aid office. Ginton is a strong proponent of the National Service Act, which, would grant all students access to about $14,000, which they would pay back by working in the public sector for three to five years upon graduation from college. » Heuston sees a program like this being implemented eventually in this country. The reason I see this happening is i that) ilie cost of education has skyrocketed. The level of indebt¬ edness of students has skyrock¬ eted, also," Heuston said. Heuston pointed out that the more students who leave college owing money, the more long-term damage will occur to the consumer economy. __ "At some point, the government^ will have to do something-about this, if only for its own self-inter¬ est," Heuston said. However^ Clinton will likely wait to push through the National Ser¬ vice Act until he sees the results of a study being conducted by the General Accounting Office (GAO). according to Heuston. The GAO has proposed taking the current student-loan program from the hands of intermediaries and using colleges as direct-lend¬ ing sources. The GAO is currently selecting 500 schools to participate in test¬ ing the direct-loan program. "Clinton will probably wai^ and see what happens," Heuston said. . He estimated the wait to be any¬ where from two to four years. ' The GAO estimates that the fed¬ eral government could save $4.8 billion over the next five years with a direct-loan program if it's implemented properly. "Direct lending would obviate the need for commercial lenders, guaranty agencies and secondary - markets," according to the report. The two problems Heuston sees with the GAO proposal are the ability of the Department of .Edu¬ cation to handlejhe'program, and abo the capital" to implement the program. "Now, the capital comes from the banks, and the government guarantees it," Heuston said. To start the program, he said, 'The government would have to vote $8 to $10 billion." The Department of Education has also stated that it does not have the capacity to handle a direct- lending program. CurrenUy. about 8,000 students at CSUF receive some form of financial aid. Mentor program helps women to advance their careers SELINGSGROVE, Pa (CPS) — Women learn the ins and outs of corporate life long before they graduate from Susquehanna Uni¬ versity. Every female freshman major¬ ing in business is assigned a wo¬ man mentor who is a graduate of Susquehanna and successful in business. The program offers women the opportunity to learn skills and have contacts that the male stidents have •access to, according to officials who designed to program. "The aim is to get women in¬ volved with mentoring early enough so that they can be useful in their career planning," said Mary Gianni, assistant professor of man¬ agement in the university' s School of Business. Twenty-one women are cur¬ rently participating in the program, which requires~lhat they meet with their mentors twice a year from their freshman year to their senior year. Kennel Bookstore The Funniest Valentines Around Side splitting cards, for special friends and loved ones. Growth in number of part-time students overburdens nation's financial aid offices WASHINGTON (CPS) — Rapid growth in the number of part-time'college students during the past 20 years has overburdened the student financial system, which needs adjustments to reflect this new trend in higher education, a report says. BetweenJ970 and 1990, part- time undergraduate students more than doubled, from 2.1 million to nearly 5 million, according to the report by the American Council on Education. If that trend continues, about 5.4 million students (44 percent of all undergraduates) will attendclasses on a part-time basis. However, the report released Jan. 6 also said that part-time students were less likely than their full-time counterparts to receive financial assistance from the federal gov¬ ernment, the state or universities. even though their needs often are greater than full-time students. In . 1990, only 12 percent of part-time students received federal aid.com- pared with 43 percent of full-time undergraduates. The report said many part-time students are ineligible to receive Pell Grants because they aren't tak¬ ing enough classes, but many times such students are also struggling to hold down jubs and pay their own living expenses. "In addition to tuition, fees and. books, part-time students—espe¬ cially (older) students—may have higher household expenses, child- care costs, as well as the need to make up for lost wages," the report said. The study found that part-Lime students had higher college loan debt than full-time students ($2,918 vs. $2,671). The report suggested that em¬ ployers "may be a more fruitful source of financial aid," particu¬ larly if they were given more in¬ centives from the federal govern¬ ment to do so. A WF.T COME BACK SKI TRIP TO: SIERRA SUMMIT • SATURDAY ' FEBRUARY 20, 1993 TICKETS: $25:00 STUDENTS ' $35.00 GENERAL (Tickets Available at Information Center) EQUIPMENT RENTAL: $ 13.00 (SKIS, BOOTS, AND POLES) BUS WILL LEAVE THE NORTH GYM PARKING LOT AT 7:00am. FOR INFORMATION PLEASE CALL: 278-2741 PRODUCTIONS ■"?
Object Description
Title | 1993_02 The Daily Collegian February 1993 |
Alternative Title | Daily Collegian (California State University, Fresno) |
Publisher | Associated Students of Fresno State, Fresno, Calif. |
Publication Date | 1993 |
Description | Daily (except weedends) during the school year. Microfilm. Palo Alto, Calif.: BMI Library Microfilms, 1986- microfilm reels; 35 mm. Vol.1, no.1 (Feb 8, 1922)- |
Subject | California State University, Fresno -- Periodicals. |
Contributors | Associated Students of Fresno State. |
Coverage | Vol.1 no.1 (Feb 8, 1922)- to present |
Format | Microfilm reels, 35 mm. |
Technical Information | Scanned at 600 dpi; TIFF; Microfilm ScanPro 2000 "E-image data" |
Language | eng |
Description
Title | February 11, 1993, Page 7 |
Alternative Title | Daily Collegian (California State University, Fresno) |
Publisher | Associated Students of Fresno State, Fresno, Calif. |
Publication Date | 1993 |
Description | Daily (except weedends) during the school year. Microfilm. Palo Alto, Calif.: BMI Library Microfilms, 1986- microfilm reels; 35 mm. Vol.1, no.1 (Feb 8, 1922)- |
Subject | California State University, Fresno -- Periodicals. |
Contributors | Associated Students of Fresno State. |
Coverage | Vol.1 no.1 (Feb 8, 1922)- to present |
Format | Microfilm reels, 35 mm. |
Technical Information | Scanned at 600 dpi; TIFF; Microfilm ScanPro 2000 "E-image data" |
Language | eng |
Full-Text-Search | Thursday, Feb. U, 1993 The Daily CollegiaVi News — 7 Clinton s pknsTiot likely to affect financial aid Implementation of Service Act hinges on loan test results By Jennifer L. Davis Staff writer Students who receive financial aid are not likely to feel the effects of a new presidential administra¬ tion any time soon. President Clinton's plans of scrapping the entire student-loan system are still just plans. / "At this point, it's all campaign rhetoric," said Joseph Heuston, di¬ rector of the Financial Aid office. Ginton is a strong proponent of the National Service Act, which, would grant all students access to about $14,000, which they would pay back by working in the public sector for three to five years upon graduation from college. » Heuston sees a program like this being implemented eventually in this country. The reason I see this happening is i that) ilie cost of education has skyrocketed. The level of indebt¬ edness of students has skyrock¬ eted, also," Heuston said. Heuston pointed out that the more students who leave college owing money, the more long-term damage will occur to the consumer economy. __ "At some point, the government^ will have to do something-about this, if only for its own self-inter¬ est," Heuston said. However^ Clinton will likely wait to push through the National Ser¬ vice Act until he sees the results of a study being conducted by the General Accounting Office (GAO). according to Heuston. The GAO has proposed taking the current student-loan program from the hands of intermediaries and using colleges as direct-lend¬ ing sources. The GAO is currently selecting 500 schools to participate in test¬ ing the direct-loan program. "Clinton will probably wai^ and see what happens," Heuston said. . He estimated the wait to be any¬ where from two to four years. ' The GAO estimates that the fed¬ eral government could save $4.8 billion over the next five years with a direct-loan program if it's implemented properly. "Direct lending would obviate the need for commercial lenders, guaranty agencies and secondary - markets," according to the report. The two problems Heuston sees with the GAO proposal are the ability of the Department of .Edu¬ cation to handlejhe'program, and abo the capital" to implement the program. "Now, the capital comes from the banks, and the government guarantees it," Heuston said. To start the program, he said, 'The government would have to vote $8 to $10 billion." The Department of Education has also stated that it does not have the capacity to handle a direct- lending program. CurrenUy. about 8,000 students at CSUF receive some form of financial aid. Mentor program helps women to advance their careers SELINGSGROVE, Pa (CPS) — Women learn the ins and outs of corporate life long before they graduate from Susquehanna Uni¬ versity. Every female freshman major¬ ing in business is assigned a wo¬ man mentor who is a graduate of Susquehanna and successful in business. The program offers women the opportunity to learn skills and have contacts that the male stidents have •access to, according to officials who designed to program. "The aim is to get women in¬ volved with mentoring early enough so that they can be useful in their career planning," said Mary Gianni, assistant professor of man¬ agement in the university' s School of Business. Twenty-one women are cur¬ rently participating in the program, which requires~lhat they meet with their mentors twice a year from their freshman year to their senior year. Kennel Bookstore The Funniest Valentines Around Side splitting cards, for special friends and loved ones. Growth in number of part-time students overburdens nation's financial aid offices WASHINGTON (CPS) — Rapid growth in the number of part-time'college students during the past 20 years has overburdened the student financial system, which needs adjustments to reflect this new trend in higher education, a report says. BetweenJ970 and 1990, part- time undergraduate students more than doubled, from 2.1 million to nearly 5 million, according to the report by the American Council on Education. If that trend continues, about 5.4 million students (44 percent of all undergraduates) will attendclasses on a part-time basis. However, the report released Jan. 6 also said that part-time students were less likely than their full-time counterparts to receive financial assistance from the federal gov¬ ernment, the state or universities. even though their needs often are greater than full-time students. In . 1990, only 12 percent of part-time students received federal aid.com- pared with 43 percent of full-time undergraduates. The report said many part-time students are ineligible to receive Pell Grants because they aren't tak¬ ing enough classes, but many times such students are also struggling to hold down jubs and pay their own living expenses. "In addition to tuition, fees and. books, part-time students—espe¬ cially (older) students—may have higher household expenses, child- care costs, as well as the need to make up for lost wages," the report said. The study found that part-Lime students had higher college loan debt than full-time students ($2,918 vs. $2,671). The report suggested that em¬ ployers "may be a more fruitful source of financial aid," particu¬ larly if they were given more in¬ centives from the federal govern¬ ment to do so. A WF.T COME BACK SKI TRIP TO: SIERRA SUMMIT • SATURDAY ' FEBRUARY 20, 1993 TICKETS: $25:00 STUDENTS ' $35.00 GENERAL (Tickets Available at Information Center) EQUIPMENT RENTAL: $ 13.00 (SKIS, BOOTS, AND POLES) BUS WILL LEAVE THE NORTH GYM PARKING LOT AT 7:00am. FOR INFORMATION PLEASE CALL: 278-2741 PRODUCTIONS ■"? |