2008-09 Issue 21 Loquitur

Page 1

Thursday, March 26, 2009

YOU SPEAK, WE LISTEN

Radnor, Pa.

Private loans hard to find

CABRINI COLLEGE

Pacemaker Winner Vol L, Issue 21

www.theloquitur.com

Theater debut of spring musical

morgan miller staff writer

mlm737@cabrini.edu

A week before she was set to come back to Cabrini in January, Erin Doyal, junior biology major, experienced a setback in her future career goals. She received a letter informing her that she would not be collecting the private loans she previously used to attend Cabrini. Many students, like Doyal, are having difficulty staying in school because they cannot get private loans. Melanie Zucker, assistant director of financial aid, explained that all loans are not suffering because of the economy. “The Federal Stafford Loan is still in place with no changes due to the economy,” Zucker said. “The private loans are where some students may see a change.” Zucker also explained that the private lenders reevaluated their credit formulas, which could have an impact on students’ approval ratings. Banks and other lenders have made their credit standards much tougher. Sallie Mae, the primary private loan provider Doyal used, sent a letter to her residence implying that her mother’s credit was the reasoning behind her not receiving a loan. “My mom checked up on it because she didn’t believe it because she has really good credit,” Doyal said. “She has always had a good credit score and paid everything off on time, and [it turns out that] her credit was totally fine.” Doyal and her mom, the co-signer, were wondering why the lender Sallie Mae, would blame her mother’s credit, when it was obviously fine. The answer came from the man who dou-

britany wright/features editor

Students act in a dress rehearsal of the theater department’s latest musical production of “Once On This Island.” The production opens on Thursday, March 26, in Grace Hall. SEE PAGE 11

Alarming number of students uninsured meghan smith managing editor

mes733@cabrini.edu

Young adults are the nation’s largest group of uninsured—13.2 million nationally in 2007, according to the latest figures from the Commonwealth Fund, a non-

profit research group in New York. This group of uninsured has been named the “Young invincibles,” people in their 20s who neglect purchasing health insurance either because they feel they are healthy enough or because expensive policies are out of reach.

LOANS, page 3

INSIDE this week’s edition

Most health insurance policies drop students from their parents’ plan after they graduate college, leaving them with the daunting question of ‘now what?’ “I was actually cut from my parents’ health insurance a few weeks before graduation,” Maura Brennan, Cabrini alumna class

the commonwealth fund

of 2008, said. “Luckily we were able to make a deal with them because I was still playing lacrosse, so I was covered until the end of the season.” After six months of being a college graduate, Shane Evans, Cabrini alumnus class of 2008, was removed from his step-father’s insurance plan. “Unless I was going to return to school within the six months, I had to have a plan of my own, through a job or otherwise,” Evans said. In an effort to provide more affordable healthcare to all Pennsylvanians, the Western Pennsylvania Coalition for SinglePayer Healthcare is working for passage of the “United States National Health Care Act” also known as the “Expanded and Improved Medicare for All Act” (H.R. 676). H.R. 676 provides for singlepayer health insurance for all U.S. residents. It covers all medically necessary care; primary care and prevention; inpatient; and longterm care to name a few.

INSURANCE, page 3

Formal 2009

Cabrini Softball

Page 10

Page 15


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