Monday, May 3, 1962
Eugana, Oragon
Oregon daily
Voluma 83
Numbar 143
emerald
/
Reagan 'needs test’
cuts GSL availability
WASHINGTON (AP) — Students attending most private colleges
can qualify for full government-guaranteed loans this fall if their families
don't earn more than $40,000 a year, according to new Education
Department regulations released Sunday
Students attending typical four-year public colleges will not be able
to get a full $2,500 Guaranteed Student Loan if their family income
exceeds $30,000 But those with incomes -p to about $36,000 could
get at least a $1,000 loan
Those figures assume the student is from a two-parent family of
four, with one child in college. They also use ttie College Board’s
figures that it now costs an average of $6,885 a year to attend a private
four-year college and $3,873 a year for a public college.
But college costs are rising sharply again this fall, with some
pnvate universities charging undergraduates up to $12,000 a year in
tuition, room and board and other fees
The government's schedule for the Guaranteed Student Loan
program will be published today in the Federal Register About 3.5
million students borrowed $7 8 billion under the program last year
Students with family incomes of $30,000 or less are automatically
eligible to borrow $2,500 under the subsidized loan program, which
costs th“ government about $2.7 billion a year
Colleges will consult the family contribution schedules to
determine whether those with incomes between $30,001 and $75,000
can still qualify Those with earnings above $75,000 must file a separate
financial statement disclosing assets to determine if they qualify
Until last Oct 1, all students could get the Guaranteed Student
Loans regardless of wealth
Despite the cutbacks, David Bayer, chief of the Education
Department program, said, "We do have people in high income
brackets qualifying.”
At Reagan s urging, Congress last year imposed the need test on
families with incomes above $30,000 and forced students to pay a 5
percent origination fee when taking out the loans
The government pays all the interest on the loans until six months
after the student graduates Borrowers then begin repaying the loans at
interest rates of 7 to 9 percent
board hears plea to
up college spending
SALEM (AP) — A subcommittee of the legislative Emergency
Board recommended approval Thursday of an additional $107 million
in spending by Oregon colleges and universities The recommendation
came only after several members of the committee censured the State
Board of Higher Education for not being responsive to directives from
the Legislature
The Legislature deferred approval of $255 million in proposed
spending when it determined the rest of the institutions' budgets for the
1982-83 fiscal year The $107 million represents revenue state colleges
and universities expect to collect from tuition, fees and other sources,
or 42 percent of the total requested budget for higher education.
The subcommittee made the recommendation after receiving
assurance from higher education Chancellor Roy Lieuallen that the
system has made more than $9 million in long-term budget cuts.
The recommendation would leave intact a $49 tuition surcharge
for students from Oregon next year The surcharge would be added to
other tuition increases scheduled next year to offset a reduction in
tuition revenue caused by enrollment decline
Breaking away from the pack
University sophomore Glen Sanders, shown
here at the front of the lead pack, placed third in
Sunday's 32-mile University Criterium bicycle
race, crossing the line only inches behind the top
two finishers.
Robert Burney, a category I racer from
Portland, won the event, beating a field of 23
riders Burney, Sanders and two others broke
away from the main field shortly after the half-way
point in the race. Burney, the current state
road-racing champion, won the sprint, followed
by Steve Seivoc, Sanders and David Auker.
Bicyclists raced on an eight-tenths mile,
rectangular course around the EMU on the
University campus. The fastest measured
lap time, 1:43, was turned in by the break
away group, which averaged close to 30
mph.
The race, sponsored by the University Cycling
Team and University Club Sports, drew 83 novice
and amateur cyclists racing in three separate
events.
Alan Bender, a University biology graduate
student won the novice race, and James Woods
from Lacey, Wash., won the category III and IV
race
British sub torpedoes Argentine warship
FALKLAND ISLANDS (AP) — A British submarine
torpedoed Argentina’s only cruiser Sunday in a stunning
blow that broke a day-long lull in air-sea battles over the
disputed archipelago, the British Defense Ministry
announced
Argentina said the attack occurred more than 50 miles
outside the British blockade zone around the Falkland
Islands The British Defense Ministry said the 13,645-ton
cruiser "posed a significant threat” to the British naval task
force blockading the Falklands.
The Defense Ministry issued a statement early
Monday saying the 44-year-old cruiser General Belgrano
was hit at 4 p m Argentine time (3 p.m. EDT) by a number
of torpedoes and was severely damaged It said the
encounter took place "just outside the edge” of Britain's
200-mile "total exclusion” zone, and the submarine was
not damaged.
The Argentine joint chief of staff said the cruiser was
hit by one torpedo ‘that produced damages.” It said the
attack occurred southeast of the Isla de los Estados, or
Staten Island, which is at the tip of the South American
continent and about 250 miles southeast of the Falklands.
"Our ships have been dispatched to the area to aid the
cruiser should it be necessary,” said the Argentine
communique.
It was the first battle encounter reported in the South
Atlantic since Saturday's aerial dogfights and British naval
shelling of the Argentine-held Falklands, which London
claimed heavily damaged both airstrips on the islands.
The British communique gave no report of any cas
ualties on the Argentine vessel and said that the submarine
"resumed her patrol” in the area after the engagement.
The submarine was not named, but military analysts have
said they believe Britain had four nuclear-powered
submarines in the area
Reference books list the Belgrano as having a crew of
1,000. It is the former U.S. light cruiser Phoenix, which was
launched in 1938 and bought by Argentina in 1951.
If it were put out of action, the Argentine navy would
have three submarines, one carrier, seven destroyers,
seven frigates and a number of patrol and support vessels
The Argentines lost one submarine that was scuttled
when it was trapped at South Georgia as British marines
recaptured that island 800 miles east of the Falklands one
week ago. South Georgia, a Falklands dependency, had
been seized by Argentine forces on April 3, the day after
they occupied the Falklands.
During the day-long lull in fighting Sunday, Argentina
had said its forces so hurt the British war fleet Saturday that
it “lacked the capacity and force to continue the attack.”
Argentina's joint chiefs of staff said if the British struck
again they would be "totally repelled” and Pres. Leopoldo
Galtieri told his Cabinet in Buenos Aires that “Argentina is
not going to raise the white flag."