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Print Edition of The Observer for Friday, August 26, 2022

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Volume 57, Issue 2 | Friday, AUgust 26, 2022 | ndsmcobserver.com

Lake plaza nears completion on campus Our Lady of Lake World Peace Plaza set to be finished in fall of 2022 to honor late master builder By CAROLINE COLLINS News Writer

The Our Lady of the Lake World Peace Plaza is in its final stages of construction and will be finished this fall according to university architect Doug Marsh. “It’s a place that we hope will become another of our many sacred places here on campus,” Marsh said. “I hope that [it will be] inspiring to all that come and enjoy the plaza and [its] beautiful surroundings.” March noted the plaza is at the intersection of foot traffic including walkers, runners and others who enjoy the paths around St. Mary’s Lake “It’s a place of respite and

refuge from busy days and busy campus life that will be attractive to everyone,” Marsh said. “It’s a great vantage point, so we felt that it was the best location to have a place like this where [people] can stop and sit on the benches and enjoy the natural surroundings.” Sophomore Catie Berkemeier noted the new plaza will increase the natural appeal of the lake. “It will add to the scenery of the lake and be something people can appreciate as they look out at campus,” she said. Marsh said the idea for the Our Lady of the Lake World Peace Plaza was born from the

Courtesy of Doug Marsh

see PLAZA PAGE 5

Our Lady of the Lake World Peace Plaza by Saint Mary’s Lake will be finished in the fall. It was inspired by William Pulte, who was a master builder and community member that passed away in March of 2018.

Rising loan rates impact students By MAGGIE EASTLAND Assistant Managing Editor

Your student loa ns just got more ex pensive. The Federa l Reser ve is steadily increasing t he federa l f unds rate to mitigate inf lation. For college students, t hat tra nslates to more ex pensive federa l a nd private loa ns. At Notre Da me, 24% of f irst yea rs took out federa l loa ns in 2020, a nd 11% took out ot her or private loa ns. This Ju ly, borrowing from t he U.S. government to pay for higher education ba llooned to nea rly double t he 2020-2021 borrow ing cost. Private rates, which a re of ten va riable a nd more ex pensive, w ill follow suit. For t he 2022-2023 school yea r, federa l loa ns ca rr y a 4.99% interest rate, compa red to rates of only 3.73% f rom 2021-2022 a nd 2.75% f rom 2020-2021. Graduate students w ill pay 6.54% t his yea r. On top of low interest rates, t he U.S. Depa rtment

NEWS PAGE 4

of Education paused a ll repay ments a nd set interest rates to 0 % in Ma rch 2020. Interest accr ua l a nd repay ment a re slated to resume t his December. Once t he zero percent interest rate brea k evaporates, students w it h unsubsidized student loa ns w ill rack up a lmost 5% interest for money loa ned t his yea r. This shif t a rrives as t he Federa l Reser ve continues to st y mie inf lation by ra ising interest rates f rom t he record lows of t he COVID pa ndemic. K risten Collett-Schmitt, a Notre Da me f ina nce professor a nd associate dea n for innovation a nd inclusion, sa id interest rate increases a re putting more f ina ncia l stra in on student borrowers. “Students look ing to borrow now a re going to be pay ing more in interest t ha n students t wo yea rs ago,” she sa id. “From a n equit y perspective, t hat’s see LOANS PAGE 5

VIEWPOINT PAGE 8

University rolls out new tech ethics minor By EMMA DUFFY News Writer

Notre Dame has created a new Technology Ethics minor starting this year. While there is discourse on the topic already — including privacy, artificial intelligence, the economy, the military and mental health — Notre Dame wants to do more than just talk about these problems. In fact, the minor was created for a new class of scholars to solve them. “This is an opportunity for the university to take a leadership role in helping us think through the ethical implications of that through the Center,” said Warren von Eschenbach, Associate Director for Academic Affairs within the Notre Dame Technology Ethics Center. “The minor is our way of helping train the next generation of leaders, people who may be in industry, to have them understand these issues from an ethical perspective,” von Eschenbach

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said. von Eschenbach explained that the minor is a way to fulfill the mission of the University. Notre Dame has always emphasized its desire for the school and its students to be a force for good, and the minor hopes to meet that goal. It is too soon to tell the number of students enrolled in the minor. Despite this, von Eschenbach has high hopes for its popularity. “I think my class filled up the first day,” von Eschenbach said about the Gateway course he is teaching this semester. “I have had students email me to ask to get in and we hope to open another section in the spring.” Students do not need to be well-versed in technology to start, as the minor does not require a technology background. Instead, it is intended as a display of how the two disciplines — technology and ethics — can come together. Academically, the future of the minor promises students

the opportunity to complete a capstone project. von Eschenbach also sees a future for the minor that will help advance students in their professional lives. For those students, Notre Dame will be partnering with IBM to allow undergraduates to work in a lab. Here, they will receive realworld experience and the chance to see their work in the classroom come to life. Although neither pathway is available yet, it is the hope of the department that it will be available to students next spring or in the upcoming academic year. von Eschenbach encouraged students to join the minor not just for themselves, but for the greater good. “I don’t think there is anything else that’s going to have the scale and scope and power to alter our lives again, individually and collectively,” he said. “This will impact you whether you want it to or not.”

VOLLEYBALL PAGE 13

W SOCCER PAGE 16

Contact Emma Duffy at eduffy5@nd.edu


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