Stetson Uniwersity September IS, 1992 Volume 105, Number ^
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Higher Education Act may
mean more aid, more debt
By Derek Ashworth
Campus Life Editor
This is the first in a series
of articles addressing college financial aid.
Responding to changes
provided in the reauthorization of
the Higher Education Act of 1992,
signed by President Bush several
weeks ago, Stetson's Director of
Financial Planning, Jack Agett,
said. "My biggest concern is setting
people up for expectations that won't
exist."
Agett
was referringtothe
changes the bill
. made in three significant areas
which are certain
to have an impact
on student financial assistance
awards.
Thebill redefined theclas-
sification of a dependent versus
independent students and raised the
income limits for families eligible
for both the Pell Grant (the federal
government'sbasic aid program for
students) and the Stafford Loan,
which provides interest subsidies
and federal repayment guarantees
to private lenders.
Though he continues to
review the Education Act for its
specific changes essentially the
legislation will change the current
formula used to determine a
student's financial need.
Unfortunately, while the
number of students who qualify for
the Pell Grant has increased the
money appropriated by Congress
has not.
As an example, in July
EDUCATION:
AN EXPENSIVE INVESTMENT
Congress increased "Pell" maximums from $3100 to $3700.
Yet Congress underestimated the number of students who
were eligible, resulting in a deficit
of $1.4 billion.
As a result, the maximum
award was reduced to $2300.
Theabilityforcollegestu-
dents to borrow more money as
opposed to receiving free money or
grants has also alarmed the Director of Financial Planning.
He referred to the growing
number of students who face
huge debts after
graduation.
However, he
said, "I do not
discourage students from borrowing for an
education . . .
[it's] the best investment any students can make."
Critics of the new legislation agree with Congress and the
president that the student loan program need enlarging.
But the new law will provide every freshman with a "full
lineof credit," government ensured,
to any college at any price.
Further more, there is a
fear that this may allow higher-
priced schools to raise their tuition
even more.
In a report from the Congressional Quarterly. Dallas Martin, president of the National Association of Student Financial Aid
Administrators, expressed his concern about one key provision that
See Finance, page 4
pie photo
'92-'93 SA Senators Elected
By Erin O'Nei!
Staff Writer
The results of the newly-
elected student senate have been
tallied.
There were many close
races in all of the residence halls-
most seats were won by less than
ten votes.
Every candidate in the
Commuter category was elected
They are Tanya Blair,
Damon Brown, Farris Merritt,
Brian Buzek. and Scott Schlegel.
The new Commuter Senators all promise dedication to the
students of Stetson. 4
Carson/Hollis had seven
candidates, but the two Senators
are Laurie Polsky, who offers "complete attention to the issues" at Stetson, and Ursula Wright, who promises to "provide strong leadership"
as a senator.
Michele Bird and Lisa
Stewart were elected from Chaudoin
Hall, offering teamwork as their
goal.
From Conrad Hall.
Tomasita Rodriquez and Jennifer
Roth were chose because of their
commitment and excitement.
Cindy Goldberg and
Freya Gutterson plan to keep their
residence hall, Emily, informed
and keep themselves in direct contact with the students.
Out of the eight candidates running, Gordis Hall chose
the leadership qualities of
Chritsopher Salierno and Smith
Young.
Melanie Cook's open
mind and ambition along with
Sally Elias's optimistic view of
life, acquired both of them positions from Nemec Hall.
Sheila McDonough and
Serge Desir promise to provide
Smith Hall with a responsible atmosphere.
And over at Stetson Hall.
Alyson Mitchell and Brian
Motycka offer their hard-working
attitude and good ideas to the stu-
