THE DAILY TEXAN 92 75 Monday, July 5, 2010 Serving the University of Texas at Austin Community Since 1900

P1 SPORTS PAGE 6 LIFE & ARTS PAGE 8 It’s smooth sailing with Keep track of Lance in the Tour de France a paddleboard in tow OPINION PAGE 4 Making the case for a leisurely summer TOMORROW’S WEATHER High Low THE DAILY TEXAN 92 75 Monday, July 5, 2010 Serving the University of Texas at Austin community since 1900 www.dailytexanonline.com THE WEEK Loan changes save students, taxpayers money AHEAD By Collin Eaton the Direct Loan Program, and pri- short term, the interest rates grad- Program’s predecessor, the Fed- partment will save taxpayers $60 Daily Texan Staff vate banks will no longer process uates will pay on their loans may eral Family Education Loan Pro- billion over 10 years. Major changes this month to or collect interest from federal stu- be capped at a fixed amount — gram, will be eligible for the in- “Cutting out the middleman — federal student loans are expected dent loans. Interest rates will be re- meaning students will be pay- come-based repayment cap. Max- private banks and lenders who’ve TODAY to save taxpayers billions of dol- duced from 8.5 percent to 7.9 per- ing less over the years they repay imum Pell grants, or federal need- been making federal loans — the lars and to lower interest rates for cent for the federal Parent PLUS their students loans. based grants, are now $5,500 — government is going to make Keep strumming student loans processed at UT and loan and from 5.6 percent to 4.5 The Income-Based Repayment up from $5,300 last year. those same exact loans to students at colleges across the country. percent for need-based Stafford program now establishes a “rea- Edie Irons, spokeswoman for and put some of the profits back along Among the changes that took ef- loans, according to The Institute sonable” percentage of incomes the The Institute for College Ac- into the U.S. Treasury,” Irons said. Local musician David Garza fect July 1, every federal loan will for College Access & Success. and caps the amount of repay- cess & Success, said the move to “They’ll also save on subsidies plays a free show at the Cactus now come directly from the U.S. While the effects of these chang- ment after 25 years. Any loan es- distribute loans directly and ex- Cafe at 8:30 p.m. Education Department as part of es may not be noticeable in the tablished under the Direct Loan clusively from the Education De- FINANCE continues on page 2 Candidates party hardy Bill White debates the Foundation Libertarian Party candidate in front of the League of Women Independence Day jamboree Voters in Kerrville at 7 p.m. distributes social work TUESDAY scholarships ‘Wherever I’m By Hannah Jones Daily Texan Staff with you’ The Hogg Foundation for Mental Edward Sharpe and The Health is honoring its 70th anniver- Magnetic Zeros play a sold-out sary by giving 10 students in Tex- show with We Are Each Other at as graduate social work programs La Zona Rosa at 8 p.m. $50,000 in scholarship awards. The foundation is part of the Division of Diversity and Community Engagement at the University. In 1940, Ima Hogg, a daughter of former Gov. WEDNESDAY James S. Hogg, co-founded the foundation and was dedicated Gotta get that to improving mental health in funky rhythm the state. Dance to the musical stylings UT-Austin graduate student Heather Teel received the $5,000 of funk band Soul Track Mind at scholarship along with nine other TC’s Lounge in East Austin at 10 students, each from a different uni- p.m. every Wednesday. versity in Texas, including UT-Pan American, UT-Arlington and UT- San Antonio. Teel previously worked in an inner-city school in Houston as a THURSDAY teacher and fundraiser, where she said she found her passion for help- ‘Goonies never ing teens and families. say die’ Peyton McGee | Daily Texan Staff “I would like to see a true men- Head to the Alamo Drafthouse Above, from left to right, Gerry Grant, Seaward Grant and Bungy Nhedley dance and sing to music on the Double Tree Ranch float in the tal health curriculum as part of the Cinema at the Ritz for a Round Top Fourth of July parade Sunday. Nhedley drove 1,452 miles from San Pedro, Calif., to be part of the parade. Below, Gov. Rick Perry school culture or norm, where the “Goonies” Quote-Along at 7 recites the Pledge of Allegiance among supporters in the Round Top town square Sunday. whole school is working togeth- er with positive mental health and p.m. Tickets cost $10. it is not only [available] for those who can afford it,” Teel said. Diamonds are a Perry speaks at parade In August, she plans to work at boy’s best friend the UT Mental Health Center in a The Round Rock Express yearlong internship to train under takes on the Oklahoma City of liberty, budget cuts psychiatrists and licensed profes- sional counselors. RedHawks at 7:05 p.m. at the “I really, for the first time in my Dell Diamond. Tickets cost $8. By Nolan Hicks Perry spent Sunday morn- Daily Texan Staff ing in Round Top, about 60 life, know exactly what I need to be ROUND TOP — Universities miles east of Austin, to partic- doing,” Teel said. “It’s a huge hon- such as UT will have to work to ipate in the town’s Fourth of or, and I’m thankful for the support reduce costs in a bid to slow the July parade, which organizers that I’m on the right path.” rate of tuition increases as their claim is the longest continual- Ima Hogg created the scholar- FRIDAY budgets are slashed as part of a ly running Independence Day ship program in 1956 to encour- deficit-reduction measure, Gov. parade west of the Mississip- age more students to pursue men- ‘K’vetch, k’vetch, Rick Perry told The Daily Texan pi River. tal health professions, foundation after a Fourth of July pa- “I love doing parades spokeswoman Merrell Foote said. k’vetch’ rade Sunday. — there’s nothing Normally, the foundation grants See Sally Field in her first Oscar- Perry said uni- more Americana cluding his appeal to populism who have only been here a year scholarships to five recipients each winning role in the 1979 film versities should INSIDE: than a parade on and individualistic elements in call themselves Texans and they’re year, but the number of recipients “Norma Rae.” Show starts at 9:35 look to cut oper- the Fourth of Texas politics. proud of it. They know our histo- was doubled for the anniversary. p.m. at the Paramount Theatre. ating expenses See how the city of July,” Perry said. “When you talk about the in- ry better than most people know “We want to commemorate Tickets cost $9 at the box office. such as salaries, Austin celebrated “As much as we dependence that’s inherent in their own state’s history.” Ms. Ima Hogg and her legacy. administrative the Fourth of July quibble about Texans, most people respond in a Earlier Sunday morning, She did a lot for mental health costs and building on page 10 this or that or dis- positive way,” Perry said. Perry stood on a small plat- in Texas. We just thought it was maintenance. agree on policy, a He said the appeal of popu- form beneath a shaded gazebo appropriate, since the scholar- “All these costs parade on the Fourth lism and individualism in Texas and spoke to the crowd, de- ship is named after her, to dou- have increased substan- of July is the quintessen- is rooted in the state’s history, cit- livering a traditional Fourth ble the number of scholarships tially faster than the rate of in- tial American experience.” ing popular knowledge of events of July speech that mixed a and double the impact of schol- flation and faster than other ar- In an Independence Day like the Battle of the Alamo and recitation of the history of arships in Texas for this year,” eas of government,” Perry said. speech delivered to a crowd of Texas’ initial status as an inde- American independence with Foote said. “Twice as many stu- “I don’t know that for a fact, but about 300, who were clustered in pendent nation. attacks meant for the modern dents will be going into the that’s going to be the place I’d Round Top’s town square, Perry “We’re as independent-minded political era. mental health field than nor- Quote to note suggest for the Board of Regents, hit on many of the same themes a people in Texas as anywhere in “People do their best when mally would have been the and the administrators are going of his address to the Texas Re- the nation. Part of that is due to case. That can have an impact ‘‘ to have to take a hard look.” publican Convention in June, in- our history,” Perry said. “People PARADE continues on page 2 down the road.” “I fell in love with it the first time I did Hall resentencing doubles punishment it. I was like, ‘This is By Michael Sherfield Campus apartment five years ago. dering Cave, but an appellate court Daily Texan Staff “I hate the word ‘closure,’” said overturned her conviction after it something I’m going After nearly six hours of delibera- Sharon Sedwick, Cave’s mother, af- determined the prosecution with- tion, a Travis County jury sentenced ter the trial.

Load more