ASUO: Other state campuses working to increase grants
m Continued from Page 1A
the kinds of programs in danger
of losing funding, Dennis said.
Reauthorization also opens the
possibility of changing the act to
benefit students. The ASUO will
lobby to expand the Pell Grant
and other grant programs, con
tinue the Oregon Need Grant and
redefine the requirements for fil
ing as an independent on tax
forms.
National financial aid pro
grams now focus on loans in
stead of grants, ASUO President
Bill Miner said. About two-thirds
of federal aid comes in the form
of loans today, according to the
Oregon Student Association.
Only 20 years ago, two-thirds
came from grants. Students wiil
work to return financial aid to
that proportion.
The ASUO, working with oth
er campuses in the state, will tar
get Oregon’s congressional dele
gation for its campaign. That will
include postcards, speakers and
meetings with Oregon’s represen
tatives and senators. The ASUO
has pledged 2,000 postcards; the
Oregon Student Association
hopes to collect more than
18,000 state-wide.
Students face a fiscally conser
vative Congress that may look for
cuts in educational spending,
Cowling said. But the Oregon
delegates seem friendly to stu
dents’ arguments, Dennis said.
“We just want to make sure
they know we’re watching
them,” Cowling said. “If they
don’t think we care, they might
just cut programs. It probably
won’t happen, but it’s one of
those things you don’t want to
take a chance on.”
More students depending on loans
Sources of Federal Financial Aid for students during trie 1975-76 and 1993-94 school
years ig75-76 1993-94
CH Grants
I Loans
MATT GARTON/Emerald
investment made easy: Students can learn tricks of the trade
By starting small and
working your way up,
you can earn money
through investing
By Carl Yeh
Freelance Editor
Before you, a poor college stu
dent, laugh at the term “investing,”
think about the money you might
have spent on late-night pizza or
that cafe latte in the morning.
Maybe you bought the “deluxe"
macaroni and cheese instead of the
normal kind. A dollar here and a
dollar there — after you pay tuition,
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RECYCLE
you might have a few dollars that
you can sock away fora rainy day.
The first thing a potential in
vestor needs to do is to figure out
how much money is available to in
vest. If you have debts that require
interest payments, it is wiser to pay
those off first before putting your
money where you can’t get it —
otherwise, your interest payments
could end up higher than what
you’re earning on your investment.
The good news is that you don’t
really need much money to start.
And if you’re patient, you can start
with very little and move on to
riskier — and thus potentially
more lucrative — investments.
Savings accounts: Most people
have these types of accounts. The
great thing about them is that you
don’t need very much money to get
one, and if an emergency comes
up, you know that you can get your
money out quickly and easily. The
downside: a lousy interest rate.
However, if you aren’t a huge wage
earner right now (that would be
most of us), you can let your funds
grow here. When you accumulate
$1,000 or more, you can move on
to the riskier investments. The fed
eral government will insure your
savings account for up to $100,000
— that covers most of us!
Certificate of deposits (CDs): A
CD is a contract in which you
agree to deposit a specific amount
of money for a certain amount of
time, usually a year. In return, the
bank pays you a fixed rate of inter
est. The good news is that a CD in
terest rate is higher than the sav
ings account rate. The bad news is
that you'll have to pay a penalty
charge if you withdraw the mon
ey before your CD matures. Most
CDs are insured, so it can be a
good, risk-free investment.
Saving bonds: This investment is
pretty safe also because the federal
Resident Program and Conference
Assistant Application Process
be on your way up!
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APPLICATION PROCESS:
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government guarantees full pay
ment when the bond matures. If Un
de Sam were ever unable to pay us,
not getting paid would likely be the
least of our troubles. Even better, the
money you make from treasury
bonds is not subject to state and local
taxes. You tan even invest as little as
$25 to buy a $50 bond. Don’t hold
your breath with this investment,
however. Because the interest
earned on bonds is based on fluctu
ating market rates, you’ll never know
exactly when your bond will reach
face value. The good news is that if
your bond hasn’t reached its face val
ue in 17 years, good ol' Uncle Sam
will make an adjustment and get you
there. You can pull your money out
of savings bonds before it matures,
but the government won’t pay you
the last tliree months of interest.
Mutual funds: When you invest
in mutual funds, you’re basically
giving your money to a profession
al who uses your money to make
more money. The mutual fund
manager uses your money to buy a
diverse portfolio of stocks. Mutual
funds are slightly lower in risk
when compared to stocks because
1) your money is invested in many
more different kinds of stocks than
you would likely be able to afford
on your own and 2) professional
managers are analyzing and pick
ing the stocks. So, even if one of the
companies your mutual fund man
ager chooses goes belly-up, you
will most likely have a couple
more in your fund that are doing
just fine. The minimum invest
ment on mutual funds can vary de
pending on which company
you ’re going through, but general ly
you will see bigger gains (and loss
es) if you start with more money
Stocks: When you buy stocks,
you are buying shares of a compa
ny. This is the riskiest investment
listed here, but it is also potentially
the most profitable. Worried about
broker fees? Not an issue anymore
with new online trading. Trading
can cost as little as $8 per trade.
You could play the stock market
with just $1,000. Let’s say you find
a stock that’s 1 isted at $9 per share.
Purchase 100 shares, and you pay
$900 plus the broker fees. Stocks
are risky because every company
can potentially go bankrupt, and
you could lose all of your money.
But you can even play the stock
market conservatively and only
choose to invest in companies that
you think will still be around in
your lifetime. You could purchase
as little as one share of stock if you
really wanted to, but if you bought
one share of a $100-per-share stock
and it cost you $16 to sell it ($8 to
buy and $8 to sell), you would
have to wait until the stock went
up 16 points before you just broke
even. That can take awhile. You
can get your money out of the stock
market fairly easily (depending on
how your broker lets you access
your funds), but if your stocks are
down a few hundred dollars, you
may not feel like “cashing in” at
that time.