May 7, 2012

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Scarp Project page 7

the Monday, May 7, 2012 Vol. 36, Iss. 28

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University of Colorado Colorado Springs Weekly Campus Newspaper

President Obama campaigns against student loan rate increases Aaron Collett acollett@uccs.edu

The roar of over 9,000 people filled the Coors Events Center in Boulder on the evening of April 24. The media had been set up in their fenced-off area, and CU-Boulder students filed into the arena after being searched thoroughly by Secret Service. The president had come to town. President Barack Obama addressed the students of CU-Boulder amid raucous cheers and excited hollering. The crowd had already been worked up because Obama was late – he was scheduled to start speaking at 6:45, but didn’t actually arrive until after 7:15. He had stopped and eaten at a local restaurant called The Sink across the street from the CU campus. The focus of Obama’s speech was tailored to the audience: He spoke about rising tuition costs. In July, the student loan relief leg-

Photo by Nick Burns

Want your student loans to cost less in interest? So does President Obama. Speaking at CU Boulder, he announced that he wants to cut interest rates in half. islation that Obama helped pass during the beginning of his term are set to expire. That means that Stafford loan interest rates will double – the president

said it will represent an extra $1,000 per student, per year. He asked, “Are there any students here who can afford an extra $1,000 tax

every year?” College debt is coming to the forefront of the public eye. The total amount of student loan debt in the United States recently sur-

passed the total amount of credit card debt. In addition to the rising student debt, the current job market, even for recent college graduates, has not yet

In-state juniors and seniors will see a slightly higher 5.0 to 5.1 percent increase, depending on the program under which they are studying. Graduate students will bear the biggest brunt of the increases, between 5.1 and 6.1 percent, and outof-state students will see a

percent to maintain their programs; this sparked a public outcry among many students at that campus. In the final budget, tuition there will rise by a lesser 5.0 percent. The increase at the Denver campus will be Photo by Nick Burns just 0.8 percent, less than Graphs courtesy of bellpolicy.org the current rate of infla3 percent increase, or about Revisions to state rev$16 per credit hour. enue forecasts allowed the tion − effectively decreasLast year, tuition rose by state to include an addi- ing the cost of tuition. “I am pleased that the about 7 percent for in-state tional $265 million in the undergraduates. Adminis- total budget, preventing UCCS tuition increase trators had originally given many cuts from being as will be among the lowan estimate of a 7 percent dramatic as originally an- est percentage increases in the state and likely the increase again this year ticipated. based on preliminary budThe Boulder campus lowest increase in dollars get figures from the state’s had projected that tuition as well,” UCCS Chancelgeneral fund. would need to rise by 9.3 lor Pam Shockley-Zalabak

recovered from the recession. According to projectonstudentdebt.org, the average amount of debt carried by graduating seniors is $25,250, and a full twothirds of all college students graduate with debt. In the midst of this, many colleges are raising their tuition rates, while some members of Congress are pushing for less federallyfunded financial aid such as Pell Grants and Stafford Loans. Obama completed his speech with a call to action. He called on students to help him extend the loan relief that expires in July. He told students to call their Representatives and tell them to vote to extend the loan relief. He then left the stage amid the deafening cheers of excited students. And why not cheer? They had just been told by the man elected to the highest office in the nation that he wanted to keep them from paying more for college. S

Continued reductions in state funding force tuition raise Matt Sidor msidor@uccs.edu

On April 27, the University of Colorado Board of Regents voted in favor of tuition increases across all CU campuses for the 2012-2013 academic year. A rise in tuition costs had been widely anticipated (see Feb. 20 issue, “Possibility of new tuition hike to significantly affect UCCS”) but the amount of the raise ended up being significantly less than originally estimated by university officials. Here at UCCS, tuition will be going up 4.9 percent for in-state freshmen and sophomores or about $11 per credit hour. Average tuition for underclassmen will go up from $6,720 to $7,050 per year, a difference of $330. (These figures do not include student fees.)

Inside this

Issue

stated in Communique. “Let’s remember that students pay in dollars, not in percentages.” In a possible response to the general controversy earlier this year over large pay raises that were offered to top administrators, the new budget for the CU system has stronger restrictions on future raises. The merit-based salary pool for professional exempt staff and faculty members will be capped at 2 percent per employee (last year, the pool was capped at 3 percent), and any exempt professional staff earning more than $175,000 per year will not be eligible for a salary increase. Additionally, staff members earning between $100,000 and $175,000 may not receive a raise of more than $2,000. According to the Bell Continued on page 2 . . .

news

culture

opinion

sports

New dorms page 3

OSA band survey page 7

Learning to love UCCS page 10

This summer in sports page 15


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