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WEDNESDAY
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april 11, 2012
t h e i n de pe n de n t s t u de n t n e w spa pe r of s y r acuse , n e w yor k
INSIDENEWS
Life lessons Former Microsoft executive
John Wood offered students advice at Tuesday’s inaugural Phanstiel Lecture. Page 3
INSIDEOPINION
Funding denied Student Association was justified in denying funding for Rock The Dome and CitrusTV at Monday’s meeting. Page 5
INSIDEPULP
INSIDESPORTS
Circle of life Drama students win
The backbone While the No. 2 Syracuse women’s lacrosse
Orange Circle Award for their dedication to philanthropy. Page 9
team offense has been the main reason for its climb up the ranks, the Orange’s defense has been steadfast as well. Page 16
Student loan rates to double By Rachael Barillari ASST. NEWS EDITOR
her classmates have come to appreciate the Creekwalk and are eager to spread the word. “The Creekwalk is something that runs right through downtown Syracuse, so it’s so connected to us, especially since it runs right by The Warehouse, which is where the
Student loan interest rates will double July 1 for about eight million loan borrowers. Each year, almost eight million lowand moderate-income students receive federally subsidized student loans, according to a March 13 U.S. Public Interest Research Group news release. The interest rates are expected to double from 3.4 percent to 6.8 percent on new loans by the July deadline. Kaye DeVesty, director of the Office of Financial Aid and Scholarship Programs at Syracuse University, said about 63 percent of SU undergraduates have borrowed under the Federal Direct Student Loan program. “This is a loan administered and funded by the government to help eligible students pay for college,” DeVesty said in an email. The average subsidized loan borrower would have $2,800 in increased student loan debt over a 10-year repayment term, according to the release. The more money taken out, however, the larger the increased interest becomes. If the maximum amount of $23,000 is assumed, borrowers will experience a ballooned interest of an additional $5,000 over a 10-year repayment period and $11,000 over 20 years, according to the release. “Bottom line, it costs more to borrow,” DeVesty said. In March, college students delivered about 130,000 letters to Congress urging legislators to keep the interest rate at 3.4 percent, according to a March 20 Time magazine article. In Washington, D.C., this has become a partisan issue. President Barack Obama and other Democrats have urged Congress to extend the low rate and Rep. Joe Courtney of Connecticut has introduced legislation to stop the rate hike. Democrats predict it will cost the government $3 billion to keep the rate at 3.4 percent for one additional
SEE CREEKWALK PAGE 6
SEE LOANS PAGE 6
andrew renneisen | staff photographer
Poison Ivy
TOMMY PALASEK (14) stretches to knock the ball away from a Cornell player. Palasek and the No. 14 Orange played the No. 5 Big Red to a 3-3 tie at halftime, before unraveling in the second half and ultimately falling 12-6. Cornell outscored Syracuse 5-1 in the third quarter, winning 5-of-7 faceoffs and controlling possession for the majority of the frame. A Bobby Eilers score 2:25 into the fourth quarter cut SU’s deficit to 8-5, but the Big Red responded with a 4-1 run to close the game. With the loss, SU falls to 5-5 on the season. SEE PAGE 20
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Design students create Onondaga Creekwalk branding By Casey Fabris STAFF WRITER
Students are using their creativity and design skills to revitalize the Onondaga Creekwalk. The 38 students, all juniors in the communications design program in the College of Visual and Performing Arts at Syracuse University,
have taken on the task of creating a campaign to give the Onondaga Creekwalk a facelift this semester in CMD 352: “Design Project Management.” The course is offered to students during the second semester of their junior year and is required for the major. Students will present the final proj-
ect to Syracuse city officials at 10:30 a.m. April 18 at The Warehouse. The presentation is open to the public. Daphnee Ochoa, branding group leader for the Creekwalk project, said the Creekwalk wasn’t something students talked about until this year, when they were assigned a project on it. Now, she said, she and