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Volume 2, Issue 18
© MetroPress February 13, 1980
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Tuition policy ups student loans by Steve Raabe
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You've just paid your tuition, rent, and car payment. Whew! But one problem remains. You're dead broke and the next paycheck isn't " due for two weeks. What's a poor student to do? The answer for some might be found in the MSC Student Support Loan Program. Under this program, eligible students may receive short-term, interest free • loans. , "It's designed for emergency situations that students often find themselves ·in,'' said Laurie Lucero, student administrator for the loan program. "We realize __. that with the cost of tuition and books, people just sometimes temporarily run out of money.'' To qualify for a Student Support loan, a student must have completed at least one semester at • MSC, show proof of current enrollment, and indicate a source of income to insure repayment of the loan. Currently, the Student Support loan policy dictates a $60 ceiling -< on loans and a 90-day limit for repayment. Under extreme emergency situations and with the approval of the Student Support
Committee, larger amounts niay be granted. Although students are advised that collection procedures will be initiated should they fail to repay the loan, default has taken a heavy ·toll oµ the available funding. In the ten years since the program has · beep. in existence, $35,000 has been lost in defaulted loans, according to MSC Treasurer Charles Norick. Neither Norick nor Lucero had figures available to verify the total amount of loans issued through the program. "Look, these are high risk loans," Norick said. "We realized at the beg·inning that a number of them would, of course, default.'' Despite the relatively large losses incurred by the program, Norick said he feels the debt collection policies of MSC are adequate to keep the loan program operating. Students with outstanding debts cannot enroll in MSC classes, and the school will refuse to release their transcripts to other institutions, Norick said. MSC's decision last semester to require pre-payment of tuition caused a significant increase in loan applications, according to Lucero.
"Lots of people just couldn't account. Norick felt the risk of deget their money together soon ficit spending was allowable beenough," Lucero said. The Stu- cause many of the loan applicants dent Support Committee last are students operating under semester granted 225 loans--an un- work-study contracts. In those usually high number caused in cases, Norick said, the.MSC Busipart by the new tuition payment ness Office can withhold workprogram, Lucero said. study checks from students who Because of the increase in loans fail to repay the loans. granted, Norick said he allowed The Student Support Loan ofLucero last semester to overspend fice is located in room 255B of the the $3,000 in the Student Support Student Center.
City Engineer Jack Bruce is dangling a big carrot before the noses of Auraria officials: the closure of Lawrence and Larimer streets within the campus. The catch? Abandonment of Auraria'a active opposition to Speer relocation. A new off-the-wall television program that goes a step beyond Donahue is being filmed in Denver and wants you . as part of its participating In-studio audience. A UCO music professor Is the man who played the electronic synthesizer at Mile High Stadium and composed a suite for synthesizer and orchestra portraying the history of Colorado beginning about, oh, 100 million years ago, and projects Into the future, too.
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