Friday,April26, 1996 Vol. XLII, No. 24 Cabrini College Radnor, Pa. 19087
CEC bridgesfriendships 4 yearsof loans resultin at least 1Oyearsof debt by Jamie Latshaw
to reduce the rising number of defaults during the '80s, colleges and As the cost of higher education universities are required under fedincreases, so does the amount of eral regulation to hold exit interborrowed federal money. The re- views for seniors who are about to ality is, the 76 percent of Cabrini graduate. In a 45-minute group students who receive loans will session, seniors are told, sometimes have to pay them back. Their for the first time, the amount of banks will contact them soon after money they owe, whom they owe graduation. And the average it to, their responsibilities as a bormonthly payment is $180. rower and their repayment options. Although four years of coJiege , Attendance at an exit interview is come and go quickly, the finan- necessary in order for the seniors cial effects can strain graduates' to get their caps and gowns for bank accounts for 10 years or graduation. more. "For some people it's the first "I loaned out for four years," time they're coming to the realizaSteve May, a 1995 Cabrini gradu- tion that they'll have to pay money ate, said, "and I'll probably be back," Christine Melton, financial paying it off for a lot more than aid counselor, said. that -- probably 14 or 16 years." According to Melton, seniors photo by Caroline Croley Graduation may mean the end have to take repayment seriously. Members of CEC (Council for Exceptional Children) spend time with students from of college, but six months later is Late payments or no payments Me/mark School for Disabled Children, on the pond at Eastern College Monday, April 22. thebeginningofthepaymentplan. could result in a bad credit history This is just one of the many activities CEC has been involved in this year. The amount of federal money for the graduates. lent to students and families to When graduates apply for a car pay .college tuition has nearly loan or a mortgage for a house, the doubled from 1990 to 1994, ac- graduate'srecordofpayingoffthe cording to the Chronicle of Higher coJiege Joan is key. "This is the biggie that mortby Chris Lommano human fussball, gladiator joust and Also on Saturday afternoon, for Education. In 1993, $16.5 billion assistant news editor spaceball. Other activities include the sports fans on campus, the men's was borrowed, and $22.5 billion gage companies are going to look The siblingshave left, and Spring baci ball, volleyball and horseshoes. lacrosse team will take on Farleigh was borrowed in 1994. A total of at," Melton said. more than $100 billion has been Melton said the exit interviews Hing will stand on itsown thisweekThere will also be a barbecue for Dickinson University at 1 p.m. borrowed since 1990. A likely are by no means a scare tactic but end. This special event, which has lunch,includingbamburgers,hotdogs, "A big home crowd is good for figure of $50 billion a year is prorather a chance to explain the stubeen organizedby the CAP (Campus chicken and salads. Residentswill be ragging on the other team and taking jected to be borrowed by 2000. dent Joan debt. Activitiesand Programming)board, able to use their meal passes for the them off their game," sophomore The increase in indebtedness is "Most seniors come into the exit is takingon a new flavorthis year. In food, but others will have to pay. lacrosseplayer Mike Friel said. "And due to changes in federal policy. interviewawareofwhattheyowe," previous years, Spring Fling was From 12 p.m. to 2 p.m. Strange also, President Iadarola is supposed The average debt a senior owes Melton said. "It's scary I guess to combined with Siblings Weekend. Sun, a band featuring sophomores to come barbecue for us. So I expect after four years of college is some people." "This year," sophomore Angela Kevin Eppler and Tom McKee, will a bunch of people to show up." $17,125ifthestudentborroweda Senior Kim Scarborough said Palazzone, the social activities rep- perform a couple of 45-minute sets At 8 p.m. in the lecture hall there Stafford Loan every year. How- that since her parents had taken resentative for the CAP board, said, at the Peace Pole. "This is a great will be a concert performed by the ever, additional loans, such as the care of her financial-aid paper "Siblings Weekend was a separate opportunity for us to be heard,'' chorus that will be about an hour and Supplemental Loan for Students work, her final debt was a big surevent geared toward activities for Eppler said. "And the relaxed atmo- a half long. and the Perkins Loan, are avail- prise to her. younger kids, and the Spring Fling sphere will be a great environment to Finally, the day's events will culable to students who meet the cri"I have enough to pay for rent, is now supposed to be a party day play in." minate with a legal party sponsored teria. In these instances, the cable, credit card bills and insurfor the campus. Lots of people are After that, another band, Rugby by Kappa Sigma Omega, the campus student's debt increases. ance," Scarborough said. "But excited, and there is something for Road, will perform until 4 p.m. service organization, from 9 p.m. May said he pays approxi- school?" everyone to enjoy." During the intermission between until 1 a.m. mately $360 a month toward his Senior Wendy Wilke said that The activities start with bingo at the two bands there will be two five''It should be a great day," Emma college debt, which is equal to the although she left the exit inter9 p.m. in the cafeteria on Friday. minute modem dance pieces per- Legge,the directorof studentactivities, amount of money he spends each view feeling depressed, since she Saturday will be a busy day with formed by "Bodies in Motion" in the said. "And the CAP board has done a month on living necessities. For wants to be a professional she events and activities scheduled to gym. The dance troop consists of greatjob inorganizingtheevent. I hope the next 10 years May said he will had no other choice but to take run from 12 p.m. until 1 a.m. senior Maria Arzoumanian, sopho- alotofpeoplecome outto enjoythe day probably only be paying off the out loans. Alloutdooractivitieswilltakeplace more Mia Fitzgerald and first-year and bring theirfriends." accumulated interest from the "I don't regret one dime of it," The entire campus community is Joans. in front of Sacred Heart Hall and students Jamie Fagan and Kellie she said. "Your education is priceWoodcrest and in the Peace Garden. O'Neill. Thechoreographerisdance invited to join in all of the Spring To make sure the federal gov- less. It's a really good investSome scheduled attractions are instructor Linda Stuart. Fling events. ernment gets its money back and ment." copy editor and writing coach
Spring Fling W~ekend to take orrneWitavor
!JJ14U:Ul ... Week at a Glance ... April 26 to May 2 A&E
pg.5
The new Fox drama "Kindred: The Embraced" gets the thumbs up.
Sports
pg.1O
Women's softball wins two big games bringing them closer to winning the PAC. Catch the story.
Friday OSpring Fling Weekendbegins.
Saturday OMen's lacrosse game at 1 p.m at home.
Sunday oPsi Oti induction ceremonyat 1 p.m. in the mansion □Men's lacrosse game at 1 p.m. at home.
Sigma Omega inductions at 1 p.m. in the
□Kappa
WCGA
Monday □Public
relations group meeting at 6 p.m. in the student development conference room.
Tuesday OLast comedy troupe performance in the House 2 lobbyat 9p.m.
Wednesday
Thursday