Monday February 18, 2013 year: 133 No. 24
the student voice of
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thelantern Kasich’s budget emphasizes graduation
sports
LIZ YOUNG Asst. sports editor young.1693@osu.edu
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Buckeyes blown out
Wisconsin beat the OSU men’s basketball team, 71-49, on Sunday.
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Ohio State will have more incentive to ensure its students graduate because of Ohio Gov. John Kasich’s new budget plan. The plan proposes connecting college state funding with graduation rates instead of enrollment and caps tuition increases at 2 percent annually, among proposals for other reforms to taxes, Medicaid, the Ohio Turnpike and K-12 schools. “I think our colleges and universities, when looked at appropriately, are great assets for economic development,” Kasich said in a speech to reporters Wednesday at the Ohio Newspaper Association convention. “Now they’ve come forward with a program, this is pretty amazing, that they will only be reimbursed 50 percent for their enrollees based on graduation rather than enrollment. So we have a lot of young people who go to school and ring up massive amounts of debt, they leave and they have nothing. So now we’ve changed the incentive.” The convention was held at the Hilton Columbus at Polaris Fashion Place. The new State Share of Instruction formula, used to figure out how to appropriately distribute funds to Ohio higher education institutions, will give 50 percent of state funds to universities based on the percentage of graduating students and 28.2 percent based on course completion. As the SSI currently exists, 20 percent of state funds are distributed for degree completion
Courtesy of ONA Student News Bureau
Ohio Gov. John Kasich speaks to a crowd of journalists at the Ohio Newspaper Association Conference on Feb. 13. and 58.2 percent for course completion. The proposed changes would go into effect in fiscal year 2014. Some OSU students agree that funding should be connected with graduation rates. “Why fund people who are just going to come (to college) for a little while? We need to focus on the people who are going to make it all the way through and graduate,” said Tricia Capone, a first-year in chemistry. Kasich admitted the plan will be tough on
Woody Hayes remembered at OSU dinner Woody Hayes’ impersonator Jeffrey Hall speaks at a celebratory dinner honoring former OSU coach Woody Hayes Feb. 15.
colleges, which will lose funding if they don’t shift their focus to making sure students graduate. “It’s not easy for them, but they’ve agreed to do it because they think working as a team and forgetting a large degree of self-interest will benefit the state and ultimately will benefit them,” Kasich said. The 4,200-page proposal was presented to the Ohio House of Representatives on Tuesday. Kasich chose OSU President E. Gordon Gee to
Student loan debt tops credit card debt LIZ DICKEY Lantern reporter dickey.88@osu.edu
Crude comedy
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National student loan debt has exceeded credit card debt for 2012, and as graduation nears, the question of how to pay back debt is on some students’ minds. Student loan debt reached $920 billion last year, with credit card debt at $796 billion, according to a Wednesday webinar hosted by Campus Progress, a national organization for students that promotes solutions to political and social issues. Other sources reported that people nationwide hold more than $1 trillion in private student loan debt. Ohio State seniors on average graduated with $24,840 in student loan debt in 2011 according to the Office of Student Financial Aid, below the national average of $26,600 for undergraduate
Anthony Jeselnik’s new show ‘The Jeselnik Offensive’ premieres on Tuesday at 10:30 p.m. on Comedy Central.
campus
Site connects cancer community
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students. It takes a student with $26,000 in student loan debt about 20 years to pay it off on average, according to Campus Progress. The webinar was focused on an opportunity for reform. The campaign, “It’s Our Interest,” is devoted to pushing policymakers to consider allowing students to refinance student loans. “Congress has more people with student debt than ever before,” Brian Stewart, spokesman for Campus Progress, said in the webinar. Stafford Loans, the most common student loans that are backed by the government, have a lower interest rate, but starting July 1, interest rates for these loans are set to double to 6.8 percent. “The impact of interest compounding over the life of the loan (which can be a 10- or 20-year period) can significantly increase the total amount that needs to
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SALLY XIA / Lantern photographer
$49K tuition funds iPads for MBOE students ABDULRAHMAN AL-RUWAISHAN Lantern reporter al-ruwaishan.1@osu.edu Athletes aren’t the only group on campus receiving iPads. All 36 students in the 2013 class of the Master of Business Operational Excellence program at Fisher College of Business received the Apple product last semester and can keep the tablet after they graduate. The students received iPad 3s in November as part of the $48,500 premium tuition they pay yearly, said Bob Mick, program director at the MBOE. “(T)he program is actually saving money by using the iPads,” Mick said in an email. “Historically, the cost of providing paper materials was on average $500 per student.” Third generation iPads are being phased out in favor of the newer iPad 4, and the iPad 3s are priced between $579.99 and $779.99 on Best Buy’s website. Mick said he purchased the iPads at $526 each, a bulk discounted rate. The MBOE program “prepares high-potential managers for leadership in … leading service and manufacturing companies,” according to the program’s website. Peter Ward, chair of the Department of Management Sciences at Fisher, said the change made sense to him as the MBOE instructors had been using iPads for a few years, so it was logical to have students use them too. “One of the things that the college wants to do is learn from our experience,” he said. “Our IT people were challenged to do this. It
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All 36 students in the 2013 class of the Master of Business Operational Excellence program at Fisher College of Business obtained iPads, which they get to keep when they graduate. The cost of providing paper materials per student on average.
The cost of each iPad.
The cost of tuition for the Master of Business Operational Excellence program at Fisher College of Business.
photo courtesy of MCT Source: reporting KAYLA BYLER / Design editor
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