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Grand Valley State University ScholarWorks@GVSU Volume 43, July 10, 2008 - June 7, 2009 Lanthorn, 1968-2001 10-27-2008 Lanthorn, vol. 43, no. 20, October 27, 2008 Grand Valley State University Follow this and additional works at: https://scholarworks.gvsu.edu/lanthorn_vol43 Part of the Archival Science Commons, Education Commons, and the History Commons Recommended Citation Grand Valley State University, "Lanthorn, vol. 43, no. 20, October 27, 2008" (2008). Volume 43, July 10, 2008 - June 7, 2009. 19. https://scholarworks.gvsu.edu/lanthorn_vol43/19 This Issue is brought to you for free and open access by the Lanthorn, 1968-2001 at ScholarWorks@GVSU. It has been accepted for inclusion in Volume 43, July 10, 2008 - June 7, 2009 by an authorized administrator of ScholarWorks@GVSU. For more information, please contact [email protected]. Photo slideshow of Grand Rapids GuluWalk at Lanthorn.com Grand Valley State University www.lanthorn.com Monday, October 27, 2008 University loan GVSU keys into safety expansion security explored On-campus housing By Ellen Hensel moves to 24/7 GVL Staff Writer A fluctuating economy has made its lockdown; key required way into the normally solid student loan market, worrying some students and By Chelsea Ponstein financial aid gums. GVL Staff Writer Yet, Grand Valley State University administrators assured students and Two on-campus housing faculty the financial situation of the complexes, Mark A. Murray and school remains stable. North C living centers, have recently In an e-mail sent joined the rest in locking their doors out to all students 24 hours a day, seven days a week. and faculty, GVSU Residents now get into the President Thomas buildings by using the key card J. Haas addressed system employed by the other living concerns over the centers on campus. future of loans and "We ’ve been going to card access the current state of to maintain safety, ” said Andrew savings. Beachnau, director of Housing, “The school has Naas Residential Life and Health Services. t 4 taken precautions to "We are beginning to phase in a 24/7 make sure students lockdown to any building that has can continue their education despite a public hallway or common space, rocky economic times, ” he wrote. limiting access to the buildings for GVSU administrators anticipate residents and their guests. ” students will take out a total of $128 The main priority is to keep million in both government and private students safe in their living centers loans. Director of Financial Aid Edward by having the doors locked all the Kerestly said 70 percent of students time, Beachnau added. utilize financial aid and an average Murray was not locked because student ends up with about $20j[)00 of debt at the end of their four-year stint at See Keys, A2 \ GVSU, around the national average for a school its size. See more: Go to GVl / Andrew Mills Currently, the loans that will Locked up: Freshman Mathew Cassidy, of Northville, Mich , uses his keycard Saturday to enter Stafford Living Center located on Grand Valley "Your Insights" on A6 State University's Allendale Campus GVSU started to phase in a 24/7 lockdown in all of its on-campus housing. primarily be affected by the market are private ones, such as bank loans and home-equity lines of credit, as opposed to public governmental loans, which are guaranteed and remain stable, he added. M*t« Appropriation Par Oagroa A chat with Grand The main government loans include the Stafford Federal Student Loan and Federal Direct Loan program, and Rapids’ City Manager Parent PLUS loans. Kerestly said the school totaled $108 million in these By Lauren Fitch greater if we keep it up. loans alone while 15 percent of GVSU GVL Staff Writer : i n S I 1 ft students utilized private loans as a way Lanthorn: What will the transition of funding tuition, which totaled $13 Grand Rapids ’ City Manager for to the new city manager he like? / s / s /// / y / million. the past 22 years, Kurt Kimball, Kimball: It’s anybody ’s guess. '/// But Kerestly said the change in announced his retirement on Oct. The city commission is in charge the private-loan sector does not mean 7. The Lanthorn of the search process of the city MicM«an PuMic UntvarrMm students will not be able to adequately sat down with manager, but other than that all of ■ Appropriation per dpgrM finance their education, they will simply Kimball to discuss the hiring decisions are mine. The have to dig deeper to find the loan. his reason for commission doesn ’t have a lot of GVl Graphic “(The) more private type loans are retirement and practice or experience hiring a Uneven appropriations: GVSU receives the second lowest appropriations per degree in the state the ones affected because there are a his perspectives city manager. It probably will take lack of funds," Kerestly said. “There on Grand Rapids several months. have been some effects in the number and Grand Valley of options available for students, but we State University. Accountability Lanthorn: What kind of impact haven't yet experienced students saying have you had on GVSU? that they haven't been able to secure the Lanthorn: Did Kimball Kimball: The downtown campus funds they need in order to cover their you ever expect to of GVSU has been a great boom costs, but their options are a lot less than serve for 22 years ? report unveiled to what ’s happened downtown ... I they were a year to 18 months ago. “ Kimball: No, the average tenure think we welcomed and embraced charged by other campuses, ” said Both the national and student loan of a city manager is similar to urban By Jason Puscas the expansion of GVSU’s campus Matt McLogan, vice president of sector of the economy have experienced school superintendant, three to five GVL Staff Writer in downtown Grand Rapids. That University Relations for GVSU. “A this credit crunch. But this credit crunch years. I’ve been here almost 22 and doesn't just happen. You have to In its second annual fair conclusion is that Grand Valley has not transferred to forcing GVSU that ’s really long. Ten years ago I work hand in glove: The members Accountability Report that was offers above-average quality at to cut budgets or increase tuition mid­ bypassed what had been the longest- of my administration with GVSU’s released today. Grand Valley State below-average prices. ” year. GVSU has a history of a relatively serving city manager in this city’s facility planning committee to the University ’s analysis of its academic GVSU looks out for peoples ’ conservative financial policy, ensuring history. It’s an uncommon tenure to president on down. It’s been a great and fiscal responsibility will be put resources in several ways, he said. that in times of trouble, the school does say the least; it’s not typical ... It’s partnership. I’m really proud of all on display. “Two exhibits in the report are, not have to dip into savings or reserves, been less disruptive for my family that ’s occurred on the west side GVSU President Thomas J. Haas to me, particularly interesting — Haas said. to be able to stay in one place. of the Grand River. It’s fabulous. will present the report today to the one showing how Grand Valley ’s “Our financial stability is quite secure GVSU is increasingly regarded as university ’s Board of Trustees, with efficiency produces successful and we have done things with response Lanthorn: What is your reason being more synonymous with Grand the intent of showing GVSU is a graduates with less taxpayer to sub-prime circumstances and ensuring for retirement? Rapids than it ever used to be 20 or good steward of its resources. investment, and the with the turmoil that investments were Kimball: Nearly 22 years as 30 years ago. The identities of Grand "Higher other reporting how made, ” Haas said.adding the school will city manager and 34 years with Rapids and GVSU are melding. education is a “Higher education is a we help students to continue to look for ways to cut costs. the organization is a good run. public good and save $15 million “We have done everything to maintain I’ve witnessed a transformation of public good and not a Lanthorn: What kind of changes not a private of their own the endowment. For the 40 years that this community the likes of which private commodity ... will GVSU see under a new city commodity,” Haas money by riding GVSU has been open we have never is the envy of most other cities in manager? said. “The state of (GVSU) serves a highly the free shuttle dipped into principle or endowment. ” the nation. It’s been incredibly Kimball: I hope that my successor Michigan and its buses, ” McLogan he said. satisfying and rewarding. I think motivated student would be similarly welcoming of taxpayers invest in added. “I think this GVSU seniorNathan Biller,president people who live life should have body with superior additional development in our city. institutionsofhigher demonstrates how of GVSU’s Economics Club, said the more than one vantage point on life. I have every reason to believe that learning and expect faculty.” important we think current economic situation of the U.S. is I’ve been doing this job for a long he or she will. accountability for it is to be good primarily due to actions of the citizenry. time and I just want to do something that investment. ” stewards of other “The U.S. enjoyed many years of different that ’s similarly fulfilling, THOMAS J.

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