Tuesday. September 24, 2013

Page 1

Daily

Herald

THE BROWN

vol. cxlviii, no. 75

since 1891

TUESDAY, SEPTEMBER 24, 2013

College debt weighs on students, sparking national action R.I. college students cope with debt in a depressed economy Students across the state balance their academic pursuits in college with the future prospect of debt By SANDRA YAN STAFF WRITER

Though Rhode Island is the smallest state in the country, around a dozen colleges call it home, and more than two-thirds of the state’s students will graduate with debt, according to a 2012 study by the Project for Student Debt. The schools’ financial aid policies vary widely, but their students face the same challenges: rising tuition rates, uncertain job prospects and the pressures of student loan repayment. Cashing out for college The question of affordability emerges early for prospective college students. Many said it influenced which school they ultimately chose to attend. Renee Lafond, a junior majoring in theater, said the cost of tuition and the prospect of paying back student debt

influenced her decision to attend Rhode Island College, where tuition is $7,602 annually. Lafond said she anticipates being around $8,000 to $10,000 in debt by the time she graduates and took out loans to qualify for a line of credit at the school bookstore. “I could’ve easily opted to go to a dramatic academy in New York that would’ve cost me ($80,0000) a year,” said Lafond. “I tend to feel almost a little bad, because I decided to stay in-state and not go to an Ivy League, which a lot of my friends go to,” she added. Marisa Landry, a sophomore at the University of Rhode Island, said her choice to attend the university depended in part on the financial aid package she was offered. She is receiving an athletic scholarship that covers much of her outof-state tuition. Tuition hikes often complicate students’ financial plans. Catherine Cabral, a junior at Salve Regina University, said she remembers being taken aback by a $1,000 increase in tuition at the end of last semester. “(I) didn’t see the need for that,” she said, » See DEBT, page 4

HERALD FILE PHOTO

President Obama’s financial aid plan will rank colleges based on levels of access, affordability and outcomes.

Local universities respond to Obama’s aid plan The proposal would tie student federal aid to the new college rankings if approved by Congress By MARIYA BASHKATOVA SENIOR STAFF WRITER

ELIZABETH KOH / HERALD

As tuition at in-state schools such as Salve Regina University continues to rise, economic concerns may influence students’ academic pursuits.

Government and university officials have responded with cautious optimism but some concern to President Obama’s recent student loan proposal that aims to make college more affordable and accessible to students. The plan includes several components — including the capping of student loan costs and encouraging innovation — but centers on a college ranking system that will be tied to federal aid if the proposal receives congressional approval. In the ranking system, which should be completed by 2015 and does not need to be passed by Congress, colleges will be “ranked on access, affordability

and outcomes,” according to a White House press release. “What we want to do is rate (colleges) on who’s offering the best value so students and taxpayers get a bigger bang for their buck,” Obama said in an Aug. 22 speech at the State University of New York at Buffalo. If Obama receives congressional approval for the plan, the rankings will be tied to federal aid starting in 2017. Students at higher-ranked schools would receive more federal aid in the form of larger Pell grants and lower-interest student loans. Currently, the federal government allots aid to schools based on the number of students enrolled, not by the graduation rate or other metrics of student success. The federal government spends $150 billion on aid annually, while state governments collectively spend $70 billion. The U.S. Department of Education currently releases a College Scorecard, which lists statistics about schools,

including net price per year, graduation rate, loan default rate and median borrowing, with the aim of educating consumers about the costs of different colleges. “The price of college for families and individuals has increased markedly in recent decades, because the public sector has shifted funding, has shifted responsibility to private individuals because supply is relatively limited and because demand is high, under-informed and at times irrational,” said Michael Dannenberg, director of higher education and education finance policy at the Education Trust, an advocacy organization focused on » See AID, page 5 INSIDE: Brown’s ranking could affect students’ abilities to receive government loans. Page 4. Sen. Jack Reed, D-R.I., led the charge this summer to keep loan interest rates from rising. Page 5.

MEN’S SOCCER

Bruno returns home winless after match-ups against Indiana, Butler By SAM WICKHAM SPORTS STAFF WRITER

inside

The men’s soccer team suffered two defeats on the road over the weekend, falling to Indiana University 2-1 Friday and Butler University 3-0 Sunday — dropping its record to 1-4-1. Bruno battled back against the Hoosiers in the second half but could not notch

a tying goal despite a spirited second-half performance. The Bears’ back line faced consistent pressure from the Bulldogs’ potent offense. The losses end Brown’s fourgame road trip, on which the winless Bears were outscored by their opponents 8-2. Brown 1, Indiana 2 The defending national champions (3-3-1) drew first blood 30 minutes into

the game. A free kick attempt from outside the box found the back of the net to give the Hoosiers the early 1-0 lead. Bruno edged Indiana in corners in the half but was outshot 7-2. “I think we definitely challenged them,” said co-captain Josh Weiner ’14. “Their coach said after the game that we’re a tough team to play against, and that’s the kind of game we wanted to give them.” The Bears came out with purpose in the second half and equalized midway through, thanks to Pepe Salama ’14, who

headed home a cross from Jason Pesek ’17. Salama led the team with four shots in the game, and Jack Kuntz ’14 and Nate Pomeroy ’17 each registered a single shot on goal for Bruno. “We came out the second half and played the best soccer we’ve played all season,” said co-captain Ben Maurey ’15. “We kept on pressing, had more chances and created good opportunities. It was a loss, but it was probably the best game we’ve played all year.” Despite Bruno’s goal, the Hoosiers

Weekend crime

Great minds

R-rated rhyme

Five laptops were stolen from dorms on Wriston Quad this weekend

Business Innovation Factory attracts those who wish to solve world problems

Madison ’16 argues profane lyrics in music glorify problematic behavior

UNIVERSITY NEWS, 2

CITY & STATE, 3

COMMENTARY, 7

weather

The squad will return to Stevenson Field to play Marist College in its first home match in three weeks

sealed their victory a minute later when a centered cross was headed into the net off a set piece. “Early on in the season we’ve conceded a lot of set piece goals,” Weiner said. “I think going forward, that is going to be a point of emphasis for us, improving that and working on our one versus one defending.” Brown 0, Butler 3 Bruno fell behind early against Butler » See SOCCER, page 8 t o d ay

tomorrow

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Tuesday. September 24, 2013 by The Brown Daily Herald - Issuu