The Miami Student Established 1826
TUESDAY, NOVEMBER 18, 2014
VOLUME 142 NO. 23
MIAMI UNIVERSITY OXFORD, OHIO
WWW.MIAMISTUDENT.NET
Students dive into debt
Students weigh the positives, negatives of taking out loans after paying the price MONEY LIBBY MUELLER
SENIOR STAFF WRITER
For many American college students, attending a university means accumulating both knowledge and thousands of dollars in student loan debt. The Institute for College Access and Success (TICAS) released their Project on Student Debt report for the graduating class of 2013 last week. The report showed approximately seven in 10 (69 percent) seniors graduated from public and private nonprofit colleges with student loan debt. The average amount of debt was $28,400, which represents an increase of two percent from 2012. About 80 percent of student debt came from federal loans, which generally have lower interest rates and more protection for borrowers. Miami reported 54 percent of graduating seniors had student loan debt and the average amount was $27,181. Miami is located in the Midwest, a region which, along with the Northeast, typically has higher debt than the rest of the nation. Ohio has the 11th highest student loan debt (68 percent) of
the 50 states with an average of $29,090, slightly higher than the national average. TICAS reports information on both public and nonprofit colleges in its report, but not forprofit institutions. Public colleges like Miami University are funded to varying degrees by the state in which they are located. Private nonprofit colleges are run by a Board of Trustees independent of owners or shareholders, whereas private forprofit colleges operate more like
Matthew Reed said a variety of factors can play into both the increasing levels of debt and the variation among institutions. “College costs have risen generally over recent years,” Reed said. “At the same time, available grant aid from federal, state and college sources has not necessarily kept up, and when that happens, some students and families turn to borrowing. Another factor is the percentage of students in attendance who are low-income. They tend to borrow more than
I have a spirit of adventure but in six months I’ll be paying the interest back ... terrifying.” SAMANTHA MCCAULEY MIAMI UNIVERSITY SENIOR
a business and focus on providing both an education and returns to shareholders. Although the amount of debt at Miami is below the national average, if you compare it to other public four-year colleges, excluding nonprofit colleges, Miami students have slightly higher debt (68 percent of students at fouryear colleges had debt and the average was $26,000). Program Director for TICAS
high-income students.” Reed said a higher percentage of students who attend college in Ohio are low-income compared to national percentages, and the costs of public institutions in Ohio are higher than public institutions nationwide, which may contribute to the higher levels of debt in Ohio. Director of Student Financial Assistance Brent Shock said another reason is the decrease in
Beta rents out house to other frat
Ohio state grants in recent years due to budget cuts. Reed reported one other reason for the variation in debt levels nationwide. “One factor is the mix of students at nonprofit colleges and public institutions in each state,” Reed said. “Nonprofit colleges tend to have higher costs overall. So if you look at the lower debt states, if more students are attending public colleges and the cost of attendance is relatively low or grant aid is relatively high, those can be factors for the low debt levels.” Shock said debt levels at Miami have grown in recent years, but modestly compared to other fouryear public institutions in Ohio. “In the last five years, the overall student debt has increased by 2.3 percent,” Shock said. “During that same period of time, Kent State University debt has increased by 18 percent, University of Cincinnati debt has increased by almost 10 percent, Wright State by almost 22 percent and Ohio State by almost 20 percent.” According to Shock, the higher rates of growth at other Ohio institutions can be attributed to campus-specific factors. “[The rate of growth] varies by DEBT »PAGE 5
MARIA STOCKINGER FOR THE MIAMI STUDENT
In an attempt to maintain the property’s fraternity zoning status in Oxford, the vacated Beta Theta Pi house is being rented out to the Alpha Sigma Phi fraternity for the 2015-16 school year. GREEK ALISON TREEN
SENIOR STAFF WRITER
Beta Theta Pi may be officially kicked off campus until the fall of 2016, but its house on the corner of East High Street and South Campus Avenue maintains a very real presence of the fraternity. Facing the Phi Delt Gates, the large brick property with taupe shutters can’t be missed. It stands beautiful, but empty and still adorned with the fraternity’s Greek letters above the front door. The house is comprised of a main house and a side house, which wrap around a small courtyard. While Beta is off-campus, the main house will be rented to the
TODAY IN MIAMI HISTORY
fraternity Alpha Sigma Phi for the 2015-16 school year, according to a statement provided by Pete Barnhart, President of the Beta Theta Pi House Company. “After several attempts to rent the properties to individual students and to Miami University, it became necessary to rent the property to a fraternity to maintain the property’s fraternity zoning with the City of Oxford,” the statement said. While saddened by Beta’s inability to live in their house for the 201516 school year, the House Company said it was pleased with its partnership with Alpha Sigma Phi. “We have every reason to believe that [Alpha Sigma Phi] will be great tenants. Greek letter societies are bigger than just one individual, just one chapter or just one fraternity. One
of Beta’s core values is ‘mutual assistance’ and partnering with another fraternity in this way is a chance for us to really put this into action,” the statement said. However, the side property (208 E. High St.) remains open for rent for the 2015-16 school year. Potential renters must be part of an on-campus organization that shares common values, for zoning purposes. The property can accommodate 10-14 people. The property includes eight parking spots, furnished suite-style rooms, laundry facilities and utilities. The property is also drug, alcohol and tobacco-free. Those interested in renting 208 E. High St. during the 2015-16 school year may contact Phil Fernandez at phil.fernandez@beta.org.
BannerWeb was unavailable for students starting at 5 p.m. Friday night due to a scheduled upgrade that lasted until Sunday evening, preventing students from accessing the site to look up classes prior to scheduling this week. According to the announcement sent to the campus community, “the upgrade will keep Miami’s Banner system in compliance with regulatory changes, implement new features and keep Miami on a supported version of this important software product.” Many students who are expected to schedule their classes today wanted to use BannerWeb to check class availability beforehand. However, due to this scheduled upgrade, students were not able to do so. “I needed this weekend to look up classes,” sophomore Madison Cox said. “Now, I’m trying to squeeze it in the day before I am supposed to schedule.” According to Cathy McVey, the Senior Director for IT Communication and Customer Advocacy, IT services tried to pick dates that wouldn’t conflict with the Banner Leadership team. “The date for changes is always coordinated with all the offices that
Bryan Faber, a junior information technology major at Miami’s Hamilton campus, passed away Saturday Nov. 8 at the age of 34. Funeral services were held Thursday, Nov. 14. According to Paul Young Funeral Home in Hamilton, Ohio, Faber’s cause of death is not yet confirmed. Faber was born in Cincinnati, Ohio, and was educated by Hamilton schools. He graduated from Hamilton High School in 1998 and served in the U.S. Navy before attending Miami University. “He was an excellent student who added so much to the classes that he was in,” Marianne Murphy, chair of the CIT department said. “He was wonderfully funny and goofy and he was especially willing to listen to others. He is going to be greatly missed.”
use Banner,” McVey said. “It can be a challenge to find dates that work for everyone.” IT services get major updates for Banner throughout the year. In order to limit the amount of times the Banner system is unavailable, IT services tries to bundle the upgrades together. “I think that they should’ve taken into consideration how stressful scheduling can be for us,” sophomore Nico Adamski said. “But I do appreciate that they warned us beforehand.”
It can be a challenge to find dates that work with everyone.” CATHY MCVEY
SENIOR DIRECTOR FOR IT
IT services are very much aware that scheduling is going to take place this week, and they have a plan just in case the upgrade interferes with that. “If we run into trouble during the upgrade, there is always a back out plan that would restore Banner to the way it was prior the upgrade,” McVey said. BannerWeb was back up and running Sunday evening — in time for the upcoming registration window this week.
In 2005, The Miami Student published an article titled, “Deer shot after breaking through Upham window.” According to Miami University Police Department Chief John McCandless, they shot the suspect after finding her in critical condition as a result of the dramatic entrance. “I made the decision that that was the most humane thing to do.”
UNIVERSITY
COMMUNITY
CULTURE
STUDENT STUDY HABITS
ROUTE 27 AHEAD OF SCHEDULE
STEPHEN KING RETURNS TO ROOTS
TWEETS OF THE WEEK
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BRYAN FABER
Tech upgrade conflicts with class scheduling TECH
TYLER RIGG THE MIAMI STUDENT
University mourns student’s death
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OPINION
SPORTS
HOCKEY »PAGE 10