Summer 2012 Issue 4

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Tuesday July 3, 2012

Volume CXXXIII Issue 4

Students fear rising loan interest rates Congress decides to take action Alena Thompson Editor-in-Chief

Students feared all weekend if the Stafford loan interest rates would double. Having this increase would double the interest rate from 3.4% to 6.8% causing the average student to pay an average of $1,000 more per year. The rate of 6.8% is not new; prior to 2007 this was the standard unsubsidized and subsidized rate. In 2007 however, Congress voted to reduce the interest rate to allow more students to go to school. The Bill however was supposed to only last five

years ending in 2012. Unlike other loans, Federal loans provide loan forgiveness which is comforting for many students. In financial hardship you do not have to pay back your loans until your income is over 150% of the poverty line. Additionally if you have a public service occupation 10 years or longer all of your Federal Loans will be forgiven. Furthermore, if you are unable to pay within 25 years, your debt is forgiven. Congress made a last-minute decision Sunday to restrain on doubling the federal-subsidized Stafford loan interest rates with a vote of House vote of 373-52 and a Senate vote of 74-19. T h i s allows

students to have a sigh of relief for a year however, only for a year. The bill will be reevaluated July 2013 for a revote. Unless Congress bars the new rates next year, the interest rate will automatically increase hindering many low and middle class families financially. This temporary relief is not good for all students though. To offset the costs graduate students will be required to pay interest on loans while they are still

attending school.

Idea Courtesy Al Reynolds

Google tries to compete in tablet market Chris Heale

Managing Editor The Google Nexus 7 is the latest addition to the popular tablet market, designed to compete predominantly with Amazon’s Kindle Fire and Blackberry Playbook. The tablets’ name refers to its 7-inch size and utilizes the latest Android 4.1 OS (dubbed Jelly Bean), while being produced by Asus. The device is planned to ship in midJuly and appears to be in direct competition with the Kindle Fire, which has been extremely popular having sold about 4.7 million units during the fourth quarter of 2011. By comparison, both are priced at $199 and both run on an Android platform. However the Nexus is lighter at 340 grams compared the Kindle Fire’s 413 grams. The Nexus runs on a 1.3 GHz

Campus...........................................A2 Sports..................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .A3 Space Feature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A4,A5

quad-core CPU with 1 GB RAM memory while the Kindle fire has a 1 GHz dual core with 512 MB RAM. But hardware aside, a tablets success will come down to usability and content. Google play is the preferred online store for its movies, music, games, books and apps, and has been recently added as a tab to the Google homepage. In addition the tablet will use all

of

bgr.com

Google’s reliable a n d popular resources such as maps, it’s search engine and more. While Amazon provides a strong content base, the familiarity of the Google interfaces m a y well be a strong coup in persuading potential customers.

Female pilots secure top-10

Delta IV Heavy thunders into space

Entertainment..............................A6,A7 Comics . . . . . . . . . . . ....... . . . . . . . . . . . . . . . . . . . . . . . . A8

Campus A2

Two new additions for the Nexus 7 will be a front facing 1.3 MP camera and the ability to share photos between two devices, by simply ‘tapping’ them together. While Apple remains a clear leader in the full size tablet market with the iPad, the popularity of small tablets such as the Fire, Nook and others prompts the question of a future Apple foray into this market. But Apple will soon face competition to the iPad from its more traditional heavyweight rival Microsoft, who plan to release their tablet, Surface, in the fall. Whatever the future of the tablet market, all of the big names companies are getting involved. There is sure to be plenty of consumer choice and selecting the best one may come down simply to a matter of interface preference.

ERAU PRESS RELEASE

Launch Feature A5


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