LBC Unaffected by Reaganomics

'I,'m sorry, butduetothebudget cuts we are unable to provide you with any financial aid." According toFred Duncan, financial aid director, no student atLBC will ever hear these words

Many colleges felt theeffects of"Reaganomics" this past year in the area of financial aid; cutbacks especially affected the Supplementary Education Opportunity Grants, college work-study programs, and Pell Grants.However, even though 83 percent of LBC's enrollment this year received some type offinancial aid,according to Duncan, less than 1 percent was affected in the long runby Reagan's cuts Pell Grant reductions possibly affected 1215 percent, butadjustments made in five ways offset thecut-backs: 1) endowment funds;

2) on-campus employment, includ ing custodial andcafeteria work; 3) scholarships such as the Presidential Scholarship for children of pastors, evangelists, missionaries, Christian school principals and teachers; 4) the Chancellor's Scholarship for valedictorians and salutatorians; and 5)other provisions such asInner City Ministries and LBCSingers.

"No student can use money as an excuse not to attend LBC," said Duncan. "Every available avenue is pursued for each applicant and individual attentionto his personal financial needs is guaranteed."

This philosophy hasmade possiblethe realization of Duncan's personal goal — that of seeing the totalamount offinancial aid distributed each year increase — agoal which isaccomplished more easily when enrollment atthecollege increases

If past successes can serveas acriterion for upcoming years, thefuture of LBC's financial aidprogram looks bright.