CIAU May Show Athletes the Money

Garbage- Supe¥ • Park south Campus could turn Brit pop stars, Supergrass Toronto's Queens Park was into a dump if the strike sit pretty on top. Next, shaken over a year ago by continues they take Manhattan protests cryogenically frozen 1982 mtimmm CIAU may show athletes the money by Wolf Depner Athletics, said UBC and other Canada West schools — universities west of Ontario—are committed to offer University athletes will get bigger scholarships and ing recruiting scholarships starting next year. Canadian varsity programs will get a shot of corpo That course of action could force the CIAU to rate cash if the Canadian Interuniversity Athletic kick UBC out of the organisation. "We'll make a Union (CIAU) approves changes to its athletic schol stand on scholarships and they would have to arship policy. decide whether we're going to be in the CIAU or The organisation's eligibility committee recom not." mended in June the CIAU either raise the limit on Local student athlete leaders welcomed the how much students can win in athletic scholar news that UBC could soon offer recruiting scholar ships from $1,500 to $2,000 or the cost of tuition ships and increase the value of existing scholar at CIAU member schools. ships. In addition the same committee recommended "It allows elite athletes to come to [Canadian] the CIAU provide universities with a recniiting tool schools and focus on their athletics and their acad by legalising financial support for promising high emics," said Lisa Archer, vice president of school athletes entering university. Thunderbird Athletic Council. The proposals are intended to stem the tide of According to Philip, UBC Athletics has already Canadian high school students going to American put aside $400,000 for athletic scholarships and universities on recruiting scholarships. Unlike wants to raise another $2.6 million in the next American schools, CIAU schools cannot offer finan three years to be competitive in the expected bid cial support to first year varsity athletes unless they ding war for high school athletes. meet or exceed an 80 percent high school average. "There is no question about it When you have But these changes also mean Canadian varsity more money, you will have better teams," Philip athletics will be more open to private and corpo said. rate sponsorship money. Philip insisted that corporate sponsors will not There is some disagreement over whether the play a big role in funding athletic scholarships. "I proposed changes will pass. While Bob Philip, UBC really believe it is in individual [donors]," said Athletics director, said the changes are a done deal, Philip. Peter Barnsely, Ontario University Athletics UBC Development Office Manager Bryce Association spokesperson, said they still require a Mathieson, a full-time Athletics fund-raiser, agreed formal vote by CIAU member schools next January. but admitted that corporate sponsors could be Ontario schools have traditionally opposed more involved in funding athletic scholarships in reci*uiting scholarships for financial and philo the future. sophical reasons. Philip also hopes the scholarship changes, if "Why should we pay the athletes that we can passed, will send the right message to future cor keep here," Barnsely asked. porate sponsors. But Barnsely admitted that several Ontario "If we're trying to keep the kids in Canada, that schools are warming up to the idea of recruiting sends a message out through the media to the gen scholarships and added he expected the CIAU to eral public that we're trying to making our product INCREASED FUNDING may be on the way for varsity athletes. approve them. better," Philip said. "And that's what this is really all RICHARD LAM PHOTO Kim Gordon, UBC coordinator for Interuniversity about. "• Royal, Hong Kong banks may get campus monopoly by Chris Nuttall-Smith in SUB currently occupied by the Bank of should be positive given the innovation that major exclusivity deal reached at UBC recently. Montreal and take over other banks' automat we're planning to bring to the campus, and as I The university and the AMS agreed in 1995 to The Royal Bank and Hong Kong Bank of Canada ic banking locations at UBC, according to say students would have a choice, they would give Coca-Cola a multimillion dollar, ten-year have won a joint tender that could give them a Wood. not be obliged to deal with Royal Bank; they monopoly on campus. Last year, UBC reached lock on all banking at UBC. Neither Wood, nor a Hong Kong Bank rep would have a choice to deal with Royal Bank or an agreement with BC Telecom that will make Pending UBC Board of Governors (BOG) resentative would say how much the universi Hong Kong bank if they chose to bank on cam the company UBCs principal telecommunica approval in October, the two banks would be ty, or the banks stand to make from the deal. pus," she said. tions provider. the only automated banking and banking ser Ryan Davies, AMS president, said while the The AMS business manager, Bernie Peets, UBC has refused to release details of any of vices providers at UBC. They would also do all student union has no official position on the said he wasn't sure how the Royal and Hong the deals. the university's banking. deal, he was not personally opposed. Kong banks could get a campus monopoly, since Wood said this was the first arrangement of "We're waiting for the Board of Governors' "There's a free market just 50 feet down the the AMS leases SUB space for a Bank of its kind for Royal Bank This particular deal, I approval but at this point of time we have been road and a CIBC right on the corner," Davies Montreal branch and Toronto Dominion and would call it a pilot to be quite honest with you— selected and it's a joint bid with the Hong Kong said, referring to the university village. VanCity automatic tellers. it is a first and we're going to see how it runs." Bank of Canada," said Betty Wood, senior But Davies said he knew Utile ofthe bank "The Bank of Montreal is there until 2004 at Jason Ewasiuk, a Science student who account manager at the Royal Bank's ing deal. which point in time the space becomes the prop stopped to talk to the Ubyssey on his way into the Vancouver Business Banking Centre. "I'm in a total vacuum here: the university's erty of the AMS to renegotiate with the Bank of SUB Bank of Montreal, said he opposed a cam The UbysseyTenorted last week that the uni told us nothing about the details of the bank or Montreal, another bank, or whatever," Peets pus banking monopoly. versity's Business Relations department had just to what extent students will be limited. If it's said. There are nineteen employees at the bank. "I'm not going to scream bloody murder solicited proposals for a campus banking deal true that there's only one kind of bank machine Frank Hacquoil, Vancouver Bank of about it but this is supposed to be a free sodety. and would recommend a proposal to BOG. But on campus, yeah, that's inconvenient for stu Montreal vicepresident said his bank had not I don't think the university has the right to limit UBC refused to discuss the deal and would not dents for sure." been contacted about leaving. He added all the consumer choice whether it's for banking, or say which bank had won the tender. However, Wood said a banking monopoly banks were waiting for BOG's decision before pop or whatever." The long-term deal would have the Royal would not inconvenience students or staff at making permanent plans. No one in Business Relations could be and Hong Kong banks move into the location UBC. "I think that the impact on students The banking agreement would be the third reached for comment before presstime.-'V •V " 4**HK summ u&sm •TUKDAY, AUGUST 19,1997 CIBC pulls out of student loan program in Nova Scotia musii RETIRED EXECUTIVE NEEDS by Merelda Fiddler access to student loans as before." Squires added that students who have a TUITION IN computer skills. The concern is not now whether the CIBC student loan with one bank are not likely to Have own computer at house in REGINA (CUP)- The Canadian Imperial Bank has started a trend in bank pull-outs, but open a personal account with the same bank. Kerrisdale. Chris Heath, 264- of Commerce (CIBC] has pulled out ofthe stu whether banks should be in control of stu If a student defaults a payment, the bank can 7564. Mailbox at Dept. of Earth dent loan program in Nova Scotia after only a dent loans. simply take the money out of the personal Sciences. three and a half year involvement. "The root of the problem is banks are not account. At the end of June, the CIBC decided not to in the [role] of implementing social pro The provincial government says it is look iiTiflre renew its contract with the provincial govern grams," says Jessica Squires, Nova Scotia rep ing at ways to improve the student loan pro HINDI TUTOR WANTED: ment. The bank will not negotiate any new resentative of the Canadian Federation of gram, and lessen debt and bankruptcy. As Teacher of conversational loans, and those students who hold loans at Students. "They are there to give you money." well, the provincial government says that this Hindi wanted for mother and CIBC and require more money will have their Squires believes CIBC thought that stu couldn't be done by implementing CIBC's child in UBC area.

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