Trade schools lead
in state loan defaults
PORTLAND IAP) — Trade
schools have the highest rate of
student loan defaults in Oregon.
,1 federal report said in August
But at least one school may
appeal the listing, claiming the
c omparison with four-year c ol
leges and universities is unfair
Mary Beth Mose, fisc ol officer
at Phngans' School of Beauty in
Salem, said the 45 [cement default
rate the government listed for the
sc hool appears too high.
Mose said trade schools suc h
as hoauty and burlier schools gen
erally are attended by low
income students without the lev
el of academic training needed
for college.
"A lot of the students who go
to beauty sc hools don’t have a
high school diploma,” Mose said
"Most of these kids have been on
their own for years. They don't
have anyone to back them up
financially.”
The chairman of the Oregon
State System of Higher Education
financial aid directors commit
tee. who oversees public: colleges
and universities, agreed with
Mose.
Constance Alexander said col
leges also have four years to
establish a relationship with stu
dents. compared to just a year or
even less for most trade schools
"We’re there year after year to
answer their questions, c ounsel
them, and prepare them to pay
hack their loans," said Alexan
der. who also is financial aid
director at Southern Oregon State
College in Ashland.
Alexander said student incen
tive to repay loans also depends
on how successful they feel the
program was in helping them
find a job after graduation
Alexander said the repayment
rate has improved for c olleges
and universities because feder
al regulations have been changed
to require counseling before a stu
dent takes a loan, in addition to
after graduation
Alexander said tranks are also
more flexible with adjusting pay
ments when students run into
financial problems
"Banks are saving there is no
reason for anybody to go into
default, lust stay in torn h with
us and we will work with you."
she said
Alexander predicted the pas
sage of the Clinton administra
tion budget lull will give schools
more control over loans by
requiring the government to pro
vieie loan money directly rather
than acting as a middleman for
banks.
The highest rate of default on
the government list was Univer
sity Beauty College of Portland at
47.5 percent Moler Barber Col
lege in Portland was second at
4f> 1 percent, followed bv Pho
gans' at 45 percent
The lowest rates of default
were listed as zero for five
schools the National College of
Naturopathic Medicine and the
Oregon College of Oriental Med
icine. both in Portland, the Ore
gon Graduate Institute of Sctent e
and Technology in Beaverton.
Western Medical College of
Allied Health Careers in Salem,
and Tualatin College of Beauty
in Tualatin.
Teleccmm ervices, Inc. ^
The Leader in Message Management Solutions"
VOICE MAIL
Never again miss a call from Mom or other family
and friends. Your tennis coach. Your dentist. Your study
partner. Your new boss. Your racquetball partner A
canceled date/meeting/class
- No telephone service, telephone, or
answering machine Check messages
from most public and personal touch
tone phones.
- Private unlisted voice mail telephone
number provided
- Link your voice mail to a pager and you
will be quickly notified of waiting
messages.
- Only you have access to your
messages.
•Prices start as low as $9.95 for voice or FAX Mail
box. $23.95 for Voice Mail/Tone-only Pager, or
$26.95 for Voice Mail/Digrtal Display Pager
TELECOMM SERVICES, INC 392 EAST 3RD AVE 484-5544
With any purchase ot S3 00 or more Not valid with
any other otter or price special. Expires 11 15, 93.
SCOTCH 104 OR 105 MAGIC TAPE <
with L
JjjRONS COUPON_;jj
• FULL PANEL LOAD
OPENING
v • ZIPPER POCKET
• HAUL LOOP
• CORDURA PLUS
Reg. $23.95
NOW ONLY
l*1895
—M
KEITH CLARK 16 MONTH 1994 lift
CALENDARS |
• BEST SELECTION 02
TAX
#43706 trail blazer
#43608 CAMPUS
*43531 INNSBRUK
#43701 CASCADE
GREAT CHOICES WITH A
MULTITUDE OF OPTIONS
MOW ONLY
OFF° $2595
#43860 CHESAPEAKE
#43526 TRAIL GUIDE
#43864 BONANZA
#43713 SUNDANCE
1000 dCORDURA PLUS
STEP UP MODELS
M&s NOWONir
S6.00 *3F
#40850 TIBET
#40968 CHELSEA
#4093! COURIER
#40932 PONDEROSA
YOUR CHOICE
now only
*#o.oo