1997-09-05; Central Michigan Life |
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Central Michigan LIFE
Volume 80, Number (.
Mt. Pleasant, Ml 48859
©1997 CM I _FI.
78 years of serving the community
FRIDAY
September 5, 1997
12 pages
Spend refund checks now, pay more money later
By Stacy Tadajewski
With the-An;'. 27 disburseme nt of the-
financial aid refund .hecks, senile
students may he wondering what
to do with all the "extra" money they suddenly acquired
Before ru. .nils; out to buy a new stereo, or
the like, st is sjiiih! to remember and consider"
tho interest aspect of spending student loan
money.
Accord in._: to Terry Viau. director of
Scholarships and Financial Aid. .'..)(_. refurul
checks were issued this year, totaling $....
million.
Since financial aid is first applied to any
outstanding charges on the student's account,
such, as tuition, lees, room and hoard and
bookstore charges, those who receixc a higher
relund arc students living o!V campus, she
said
'"Students .iizn documentation . .iviiii: thev
Director recommends
making early payments
will use the money for educational expenses
and that, while we cant police the refund
money, il is intended to cover" living expenses,"
she said
Viau also saul there is an allotment for personal expenses in the figure for financial aid
package, hut it isn't much.
Nicole Hunter-. Alpena senior", lives of." campus and said :she plans to use the majority of
her refund check to pay rent and utilities and
then saxe tho rest for" groceries and future-
expenses "Kent is approximately $..00 a
month, plus utilities, so there's not much let.
oxer."" \ liiiiter said
"I'm s;onii; to put my money m tin- hank tor-
future u-e and emergencies." said Tony
Sode-rquist. ( "harlevoix senior-.
Heather" Taylor-. Atlanta senior-, said her
refund would y.a Inward coxcrm^ hooks and
supplies for- her- teaching decree, which costs
more than ,..'.<)(> per . .mester.
With the average student financing the
majority of education through loans, it's
money they will have to eventually pay hack
"The average student owes approximately
$1..,()()() to $_kS,000 when thev graduate.'" Viau
said.
The interest rate on the Stafford subsidized
loan is x-nriahle. hut it caps at S._.. percent.
Viau said t 'urient ly. the interest on an
unsuhsidi/.ed Stafford loan is at 7... > percent,
she said.
The Standard {.'payment Plan usually
results in the lowest interest rate hecause it is
hased on a fixed period of time up to IO years,
she said. < )t her plans result m higher interest
hecause of a lorn, r repayment per"iod.
\"iau recommends Usui'? the excess money
to make an early payment on the loan
Four years later ...
Refund checks
Item
COMPUTER
GROCERIES
MAC &
CHEESE
CASE OF BEER
1997
$2,500
$.79
$13.99
; can add up
2001
$3319.62
$47.08
$21.49
$1.07
$18.76
■* Figures are bas_d on a 7.66 interest rate for a
urtsubsidized loans over a four year period.
TIME
t.PVATj ROSCH
V L
Bo .e University Center Bookstore employee Darlyn Curtiss hands out free T-shirts, the quick and easy way, to students walking by the entrance to the UC
Wednesday during Welcome Back Day. Football schedule magnets, flying disks and highlighters were also given away during the event.
Local police
searching for
ATM vandal
■ Officials asking anvone
who has into to call
By Jeremy Russ
Three area laxx enforcement a^en
nes are asking tor' the publics help
in finding a man suspected of break
in^ into three area ATM machines
The Isabella County Sheriff's
I )epart rnent, the .Mount I'loasant
Police Department and the ('Ml;
Police are a. kiuj.', anyone who has
any information re^ardinj.' 1 he
recent attempted break in of three
area ATMs to call 77_.-r.i_ll
The three machines damaged were
the Isabella fiiiiinuniitv Credit
Union ATMs at Mission ;,nd Hij'.h
streets and the First of America ATM
located outside the Park Library on
the CMU campus
Koti Williams, director of ('Mb'
Police, -said earlier this week that he-
firmly behoves the cases are all
related to each other
The ATM located across from the
Park library was damaged early in
the niorriinj' on Auj;. _ 7, when an
unknown lnd.'.hial pried their way
About 6,000 attend Wares Fair;
Holt senior wins trip to Florida
The Wares Fair- wasn't just about (?ix-inj?
away stuff however", business owners said
they benefit by the event tremendously, and
many have been coming to the event annually to make people aware ot what thev have-
to offer.
"We come to generate business from students and faculty, and make people aware
-a-------------------------------- we're in town," said
into the back area of the ATM
machine and tried unsuccessfully to
break into the machine's vault, he
said
In each attempted break-in, the
individual in question failed to
retrieve any money from the
machines.
The suspect remains unknown,
howexer, during an attempted
break in of the IC.TJ ATM, located
on Mission Street, the machine captured the suspect on tape trying to
pry his way into the machine.
Williams said he believes once one
of the depart merits solves this case
by finding out who the man is, all of
t lie other departments will have
their suspect as well.
By Erin O'Neill
Organizers are calling Wednesdays Wares
Fair- a hu»e success with approximately
...0(H) students picking up free food, coupons
and other treasures m Finch Fieldhouse.
More than 1 OO vendors from local businesses and associations participated in the
event sponsored h\- «_________________.
CM LIFK and t
Mount Pleasant
( ' ha m her
C o m m e r c e
Businesses passed out
flying disk- to promote then- restaurants, stoles, churches and banks.
Students mingled
while nibbling pizza, sandwiches, chili dii^s russ," said a Papa -John's associate- dressed
and ice cream and picked up flynjj_, disks m a pizza costume-.
ranged from notepads, hair care samples. Many business* . spent a lar^e amount of
stickers, posters and coupons money *>n giveaways to take- part m the
Visitors were also (jiven raffle- tickets and Wares Fair-,
had a chance- to win more- than TOO door Fazoli's restaurant, tor- example, ^ave
prizes Denisi' .Jacobs, Holt senior*, won the away $1,000 in coupons and about $200 dol
^rand prize- spring break trip for two to lars in bread sticks
Florida Tonys restaurant owner, Richard La^alo,
The one week trip, compliments of CM stated that participating in the Wares Fair
LIFK and M.»i vanka Tour «.. Travel, was "expensive but well worth it."
includes airfare* and hotel accommodations. Students seemed to he- really impressed
University President Leonard Plachta, who with the event, most of them just happy
announced the* winner, said he would also about "^ettirij^ tree stuff," as Fowlerxille
donate- $ 1 OO of spending money for the trip. sophomore' .Jamie- Morton put it.
"We come to generate business Tara stunts, assis
nt ,- , i , j ,- i, j taut manager of
of trom students and faculty, and Kllll.rpriS€. K.nt-A-
n.ake people aware we're in far, as she passed
town." nl,t, Sl,l,,,|,i'- *>»«u.s
TARA STARITS amI }"'"s a" S'K.
. ■ , , people- up tor" a tree
Assistant manager of '. \ , \. . ,
•--' weekend rental.
Enterprise Rent-A-Car -i ]ovt. lt it\. iots of
—^———____________________—_-__-_-_----_._-______-_-_.__——— fun ;llul helps busi-
PSC dept.
losing six
tenured
faculty
By Emily Gerkin
Scheduling and classe-s may lie a
little- tij?ht in the political science
department during the sprint?
semester as five tenured faculty
will retire m December.
A total of six instructors will be
Kone after the- academic year-, the
last one leaving in May. and no
full-time replacement.- are planned
until next fall, according to department chairperson -Joyce Baut?h.
"The department has been
authorized to conduct a search this
fall to fill three- of the- positions,"
I .iuyh said "And we're hopmj? to
have more applications approved
for additional searches next fail."
As-.eie.ial*- pr oie>. . irs Barbara
Greene. Albert Palm, and Michael
Stratford, as xxell as professors
Kdxvard Westen and Ted Zolty \x-ill
all Ih* retiring after the fall semester. Professor Henry Han plans to
retire m May.
Bau^h, who has been the chair
since- 19. S, said this is the largest
number of faculty members retiring in oru* year- since she* started.
She said she doesn't anticipate
the eie-parInient hax'in^ to drop any
courses m the- spring because- of
fewer faculty membe-rs.
'"We're t_;c<mf_, to try to coxer the
courses xve- need to offer as best we
can." Bau^h said
As department chair. ..u- is currently working on the spring
schedule- to see- what will be
offered. ""But. I just don't knoxs
yet."' she- said
To help xvith the- classes, some
pail-time faculty xxali be- hired in
I )eeemher. and Haii^'h also plans
on looking into advanced graduate
students from Michigan State-
University or- the- Uriixersity ot
Michigan
"I'm still investigating our
options," she said.
Chan^injj; six faculty inenihers
will possibly bruit? \n younger
instructors to the program.
""It will chanee the face of the-
deparlment — we don't knoxx m
what way. but it will," Bau^h said
"But we hate the fact that we're
losing some- qualified people."
IN S ID E
The CMU football team travels
to Florida to face the #1
ranked
Gators this weekend
Classified
11
Crossword
11
Etcetera
8-9
Sports
6-7
Voices
4-5
Object Description
| Title | 1997-09-05; Central Michigan Life |
| Date | 1997-09-05 |
| Publisher | Students of Central Michigan University |
| Description | Friday, September 5, 1997 issue of the student newspaper of Central Michigan University. Also known as CM-Life. Originally published biweekly. Later published three times a week during the academic year and once a week during the summer. Began publication in 1941. Previously known as Central State Life. Issues from 1999 to the present are available online at the CMLife website. |
| Subject/Keywords | Central Michigan University - Newspapers; Mount Pleasant (Mich.) - Newspapers; Isabella County (Mich.) - Newspapers; College student newspapers and periodicals; |
| Copyright Permission | Copyright 1997 by Central Michigan University. This material is copyrighted and any further reproduction or distribution is prohibited. |
| Type | Newspaper |
| Format | JPG/JPEG |
| Language | English |
