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Western Carolina University Publications
WCU - Western Carolina University Publications

Western Carolinian Volume 44 Number 37

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Western Carolinian Volume 44 Number 37

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Western Carolinian Volume 44 Number 37

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  • The^stern Carolinian The Voice of the Students 12 PAGES THURSDAY JULY 12,1979 Vol XUV, No. 37 CULLOWHEE, N. C WCU students pay debts Gobbling it down . C, J Photo by Jeann Jcannette Beaudry Ice cream brought a crowd to the University Center again yesterday as students enjoyed Banana Splits at est price ol $.75. |above| Four's delicious treat that could cool any summer day. ishare a Higher wages may result in employment cutback on campus By Eddie Yandle Associate Editor A possible cutback in on-campus employment may be in the offing for WCU students next fall because of an increase in hourly wages for employees without a corresponding increase in budgeting. Vice-Chancellor of Business Affairs C. J. Carter said that these fears may be well founded but at this time he is not really sure. "This is a potential problem. The college work-study program may help because they're receiving an increase in funds this year and...it may at least equal past employment," Carter said. The increase in money to the work-study program was taken a step further by Director of Student Financial Aid Glenn Hardesty who said the school's allocations have increased by almost $66,500 over last year's from $273,51 7 to $340,000 for the upcoming fiscal year. Although the increase in funds to the work-study program will help offset the decrease in university employment, many students may find that they cannot find a job since the work-study program depends upon financial needs, whereas those outside work-study do not. The result may be that those who are independent from family assistance but their family is considered' "Financially able." to assist their children will not find employment. Despite these speculations by many students, Dr. Carter still seemed to believe that there was nothing to worry about—yet. However, Mr. Hardesty seemed to disagree as he said that the students concerns are"...valid from what I've heard. When the wage rate goes up, fewer students can be employed." For those who do find employment (or those who already have), a pleasant surprise will be in store on their paychecks as Chancellor Robinson decided to go with the Federal hourly wage minimum of $2.90 per hour instead of the state minimum of $2.75 WCU grad. < commits suicide An apparent suicide by a WCU graduate was reported Thursday, July 12. by the Sylva police department. The victim, Roy Douglas Hagerstrom, a 25 year old Cullowhee resident, was found dead in his 1974 Toyota on River Road on Thursday morning. The cause of death was determined to be carbon monoxide fumes the victim inhaled by connecting a tube from his exhaust pipe to the inside of his car. Hagerstrom. originally from Winston-Salem, had a degree from WCU in psychology. WCU students well below national level While government officials are expressing concern at the large number of nation's college students who tail io repay their federal loans, WCU students have acquired a reputation for paying their debts. A report from the deputy commissioner for student financial assistance of the U.S. Office of Education puts the national default rate under the National Direct Student Loan Program at 17.36 percent, Hut Leo L. Kornfeld, the deputy commissioner, in a letter to WCU Chancellor H. F. Robinson, says the default rale among WCU students is only 7.40 percent and that Western's success in administering ihe NDSL program now slancls as Ihe model many institutions can use io improve program management. Kornfeld said the default rate for students at WCU "is not only substantially less than the national average of 17.3d percent, but also falls below the 10 percent rale which the Office of Education has set as a target for all participating schools." Health. Education and Welfare Secretary Joseph A. Califano, in an earlier notice lo the presidents of institutions participating in the NDSL program, said future funding under NDSI. would be based on the repayment record at each institution. Commenting on that decision and Ihe low default rate at WCU. Kornfeld said in his letter to Robinson that "your institution's performance reflects your commitment and that of your financial aid administrator and chief business officer to achieve a low default rate. Institutions such as yours have demonstrated that the NDSL program can be administered successfully." Dr. Robinson said the record at WCU is due, in large pari, to the administrative oversight given the financial aid program by Glenn Hardesty, student financial aid director, and Neil Steifle, controller of the university. Concern over the default rate in NDSL repayments mounted to national proportions about a year ago when it was revealed that as of June 30, 1977, approximately $600 million was in arears on loans involving over 700,000 students. In March of this year, HEW said the total of defaulted loans was $702 million. Since inception of the NDSL program in 1958, 5,646 students attending WCU have borrowed a total of $3,741,000. The principle amount outstanding, according to Hardesty and Steifle, is $2,059,714 and on this amount, the default rate is 7.4 pecent, they said. Hardesty cautioned that students may be in various stages of areas on loans and that while some payments may be seriously overdue, others may be late only at the time the statistics were gathered. The NDSL program provides federal assistance in the form of loans of up to $5,000 to needy undergraduate students and up to $10,000 to graduate students. The money is to be repaid at 3 percent interest within 11 years from the time the student graduates or leaves school. Repayment must begin within nine months after the student leaves school. Since its inception, the NDSL program has made available more than $3 billion in student loans. At Western, the average loan has been $665 per student. For the 1977-78 academic year, the latest full school year for which figures are available at Western, the NDSL program assisted 766 students. The total NDSL loan program that year at WCU was $467,402, or an average loan of $610 per student. Out of the 5,646 students who have taken NDSL loans at WCU, 323 are in various stages of default in a total amount of $131,685.89. Accelerated efforts to enforce collection of past-due loans has. itself, led to some difficulties in the U.S. Office of Education, according to "The Chronicle of Higher Education." In a recent issue, the publication, considered the foremost journal on higher education Turn to page twelve, please.
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Western Carolina University Publications

The Western Carolinian is Western Carolina University’s student-run newspaper. The paper was published as the Cullowhee Yodel from 1924 to 1931 before changing its name to The Western Carolin...

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