Technician - August 22, 2011

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monday august

22 2011

Raleigh, North Carolina

technicianonline.com

Debt agreement could harm students’ pockets The recently passed debt ceiling may increase the cost of student loans. John Wall News Editor

Although the long-term effects on student loans borne by the debt ceiling increase are not fully understood, students can expect changing interest rates as they seek further loans. According to a Wall Street Journal article, student loan debt in the United

States totals $830 billion. That figure will probably increase as financial aid has become increasingly scarce — a prediction that the University has recognized. The Board of Governor’s decreased University funding by 15.1 percent this year. According to the University website, “reductions in the [Board of Governor’s] student financial aid budget will have a negative impact on student financial aid resources available to NC State students. It is not yet clear what the full impact will be but with less

financial aid, the number of student loans likely will increase.” The decreased supply of financial aid will force students to look elsewhere for ways to pay for college, and they will mainly look to student loans. As a consequence, the demand for student loans will push interest rates higher. Supply of loans must keep up with demand in order to keep interest rates stable. With tight credit throughout the economy, this is unlikely. The U.S. congress avoided defaulting on its bills this summer by increasing the debt ceiling — a limit on the nation’s total

accrued debt. Had they not, interest rates on loans, including student loans, would have jumped along with rates on all credit. In the midst of heated talks between those on the right and left wing, lawmakers considered removing subsidies from student loans. “The issue is that when [congressmen] were cutting programs, one of the things that is on the chopping block to get cut is the subsidization of student loans. When students apply for loans, they can get subsidized or unsubsidized loans,” graduate student

in economics Jonathan Eyer said. “Subsidized means that the government is not going to charge interest while you are in school. If you borrow $10,000 as a freshman, when you get out it’s still $10,000. The government could be doing something else with the money it feeds into loan subsidization, though. It is a problem of opportunity cost — the next best thing the money could be used for,” Eyer said. Republicans wanted substantial

debt continued page 2

Talk set to seek solutions to bee-killing disorder Professor hopes his presentation will lead to new ideas about what is killing honeybees.

honeybee population because they are responsible for about one third of everything we eat. They are indispensable pollinators used in commercial production agriculture,” Tarpy said. “If it weren’t for bees pollinating about Brooke Wallig 100 of our crops, we wouldn’t have Staff Writer many fruits, nuts and other foods that A “mysterious” disorder is wiping define the American diet.” While Tarpy said the disorder has out honeybee colonies worldwide, and one professor is hoping an interdisci- gained a lot of publicity recently, little plinary presentation will lead to new is known about its causes. “Colony collapse disorder is a still insight into the origins of the disorder. mysterious synDavid Tarpy, drome that has an associate enbefa llen many tomology profeshoneybee colosor and extension nies in the Unitapiculturist, will ed States, and hold a presentahas made a lot of tion on “colony headlines in the collapse disorlast three years,” der” at the ColDavid Tarpy, an associate Tarpy said. “But lege of Veterinary entomology professor the underlying Medicine from causes are still 4:30 p.m. to 5:30 undetermined.” p.m. Researchers are examining multiple Colony collapse disorder is a major issue because it’s killing off species areas of bee health to try to find the closely connected to our own lives, cause, according to Tarpy. according to Tarpy. “It’s important to maintain a healthy bees continued page 3

“Colony collapse disorder is a still mysterious syndrome.”

Hillsborough businesses updating

drier carr/Technician

Jennifer Keller, an apiculture technician with the Department of Entomology, checks frames of honey bee hives at the Lake Wheeler Honey Bee Research Facility on Tuesday Aug. 16. Keller said bees impact everyday life “so much more than we realize. Most of the good foods that we eat, a lot of the fruit, the cucumbers, watermelons, raspberries, blackberries, blueberries are all bee pollinated. “

going blind

insidetechnician Wolfpack shows strides in intersquad scrimmage Women’s volleyball hosts Wolfpack Challenge at Reynolds. See page 8.

Local business owners make an effort to be student-friendly. Elise Heglar Deputy News Editor

Business owners on Hillsborough Street have been making changes in the last few months to make their establishments more appealing to University students. Businesses such as East Village Grill and Two Guys have been making changes in appearance and management in order to stay updated for their customers. “A lot of businesses have been doing some new marketing and really trying to reach out to their customers,” Jeff Murison, the executive director of the hillsborough street community service corporation, said. In addition to existing businesses making changes, there are also two new businesses that will be opening on Hillsborough St. in the near future. Chile Bomba will be opening where the Mexican restaurant El Rodeo used to be located. According to Murison, the new business is under the same ownership as El Rodeo and is undergoing some re-branding changes. “They are under new management and they are doing a lot of renovations to the building. It’s going to be brighter and more welcoming; the same place everyone knows and loves with a new face,” Murison said. Chipotle, a chain mexican grill res-

Business continued page 2

4th annualirt sh Student t- test design con tries n Call for E

Story headline

Wolfpack women’s soccer opens season with 1-0 victories over VCU and Navy. See page 8.

Sweezy to miss six weeks

Senior captain undergoes surgery for fractured foot.. See page 8.

Story headline story. See page 5. alex sanchez/Technician

First Year College freshman Andrew Hibbard guides First Year College freshman Bryce Rickenbaker to the ball during a halftime competition at the women’s soccer game in Dail Soccer Stadium Aug. 21. Hibbard had to help Rickenbaker score a goal while blindfolded. “As much as I love soccer, I realized how much I despise being in front of a bunch of people,”Hibbard said. The two lost the competition after Hibbard took a shot in the opposite direction of the goal.

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