March 5, 2013

Page 1

Tuesday, March 5, 2013

“About You, For You”

University of Arkansas Student-Run Newspaper Since 1906

Vol. 107, No. 91

Graduates Search for New Homes

ASG Executives Begin Campaigns

Editor’s Note: This story is part of the Graduate Series which includes information for graduating students.

Environmental Reserve Awaits UA Purchase

Jaime Dunaway Senior Staff Writer

A network of hiking and biking trails wind through some of the privately owned property.

training program for directors and staff of TRIO projects, according to the U.S. Department of Education. The UA is one of the many nationwide universities and colleges that administers these programs.

Graduating seniors will soon decide whether to rent or buy a home after graduation, but to be approved a homeowner’s loan, students must start building credit now, bank officials said. “No credit is as bad as bad credit,” said David Ross, mortgage originator at First Security Bank on campus. Students with no credit history may be denied a small personal loan, but one of the best ways to build credit is to obtain a secure credit card, said Josh Frye, assistant market manager for First Security Bank. A secure credit card takes a sum of money and holds it in a certificate of deposit account as collateral for at least 12 months. After the 12 months, the account will be re-evaluated and the hold on the funds could be released, Frye said. Proper use of the card could lead to an installment plan for things like a vehicle loan. “Those credit cards and installment plans are going to have an impact on what your credit score and history is going to look like,” Frye said. Approval or denial of a loan

see PROGRAMS page 3

see HOMES page 2

Full Story, Page 5

Caroline Potts Staff Photographer ASG Presidential Candidates Will Simpson, left, and Bo Renner, right, pass out scantrons to students on campus, Monday, March 4.

Full Story, Page 7

Travis Pence Staff Writer The federal TRIO educational programs and research grants are on the list to lose money provided by the U.S. Congress for 2013.

Razorbacks Face Tigers at Former Home of Coach Mike Anderson will face his former team in Colombia, Mo., for the first time Tuesday night. Full Story, Page 7

42 / 26° Tomorrow Sunny 47 / 30°

TRIO includes eight programs targeted to serve and assist low-income individuals, first-generation college students and individuals with disabilities to progress through the academic pipeline from middle school to post-baccalaureate programs. TRIO also includes a

College Students Face Higher Fees, Reduction in Awards With Federal Cutbacks

Carol Biliczky The Akron Beacon Journal

Today’s Forecast

Congress made the official budget cuts on March 1, according to New York University. The TRIO programs are federal outreach and student services programs designed to identify and provide services for individuals from disadvantaged backgrounds.

to the federal government. That amount generally is deducted from the loan, which means there are a few dollars less to apply toward tuition for each student. For every 10,000 students who secure loans at Kent or the University of Akron, that could amount to a $29,000 reduction in tuition payments. Origination fees for the Federal Parent Loans and Graduate Plus Loans will

these reductions would apply,” she said. “We didn’t think it was appropriate to alarm them now.” What is clear is that two of the three largest federal College students are financial aid programs for among those who will feel the neediest students would the brunt of sweeping federbe cut -- or “sequestered” -al spending cuts that kicked by 5.1 percent each. The Pell in Friday. Grant, the largest financial Tens of thousands of aid program, is exempt from Akron-area students likely cuts in the first year. will lose money or federally But neither colleges nor funded jobs or pay more for students can assume that the their loans. 5.1 percent T h e “(Students) typically will think about cut will largest translate n u m b e r it when they get their new award automatiwill be af- notification.” cally into fected in a 5.1 peran increase Michelle Ellis cent loss in in originaExecutive Director of Financial Aid at the University of Akron funds for tion fees them. for federal Megan subsidized and unsubsidized grow from 4 percent to 4.212 McClean, managing direcloans -- the backbone of percent, according to KSU. tor of policy and federal many students’ financial aid That means the federal gov- relations at the National arrangements. ernment would get an extra Association of Student FiWhile the amount indi- $19.08 on a $9,000 Plus loan. nancial Aid Administrators, vidually will be small, the Financial awards and said that the complex alnet effect for all students at work-study grants also will location formula includes a any given campus could be be affected. base amount and sometimes large. Michelle Ellis, executive extra allocations for some The fee, which is charged director of financial aid at institutions. to process the loan, will the University of Akron, “It won’t necessarily afgrow from 1 percent to 1.053 said that because details fect you at a 5.1 percent percent. aren’t yet available, UA has amount,” McClean said. According to Kent State not reached out to inform The Federal SupplemenUniversity calculations, a students that some of their tal Educational Opportunity student with a $5,500 loan awards may be in jeopardy. will pay an additional $2.92 “We’re not certain how see CUTBACKS page 3

UA Honors Fulbright Legacy Through Event

Staff Report

The Fulbright Scholars RSO at the UA will be sponsoring an event to honor the legacy of Sen. J. William Fulbright and to inform students of opportunities through the Fulbright program on March 6 from 4-5:30 p.m. in Giffels Auditorium. Speakers for the event include Chancellor G. David Gearhart; Hoyt Purvis, a former Fulbright scholar; Christopher Kelley, former press secretary for Sen. Fulbright and former chairman of the Fulbright Scholarship Board; a member of the board of directors of the Fulbright Academy; and DeDe Long, director of study abroad and international exchange at the UA. The Fulbright program was started by former Sen. Fulbright. The programs allows students from other countries to come to the U.S. to study and conduct research, and for Americans to study, teach and conduct research in other countries, according to a news release. Fulbright is an alumnus and a for-

mer law professor at the UA. He also served as president o f the UA, according to the news release. Fulbright served as a senator from 1944 to 1974.

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The women’s rugby club team is now in it’s second year of competition at Arkansas.

Sequester Might Cut into UA Outreach, Research

Courtesy P

Rugby: A Sport for the Tough Athlete


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