Vol. 9 No. 34 A UCCS NEWS PUBLICATION Sept. 16, 1982 SURVEY SHOWS IVY LEAGUERS JUST GET RICHER, SNOBBIER & MORE CONSERVATIVE PRINCETO N, NJ (CPS)- Old Seventy-three percent of the soldit! rs may_ .. just fade away," Prince tonians agreed me n and hu t old Ivy Leaguers just seem to women are equall y intelligent, but, get richer. ·more conservative and again, more Yale and Harvard snohhy. grads - 86 percent of them - At le ast that's the rt!sult of a sur­ proved to he Iibera l on the ques­ vt!y completed hy the Princeton, tion_ Hanard :rnd Yale graduating clas­ Nearly half of the Princeton and ses of i':157. Yale alumni endorsed Rea­ -'\s pcirt of their 25-year reunion ganomics, while Harvard's class, project earlier this year. alumni with twice the number of registered from the th:·ee schools fil led out a Democrats. overwhelmingly 149-yuestion sun·ey on attitudes (64-36 percent) reJected Rea­ about everything from how many ganomics. books they read to what they think Most of the survey covered ahout Reaganomics. questions concerning topics I ike ··The 25th-year reunion classes hook reading, but the responses to routinely do things like this ... says political and social questions have Jim Merri tt. a Princeton spokes­ generated th e most heat. man . .. But this is the fir st time that · · It's kind of a worst-case th e classes from all three schools scenario,·· complains Merritt. · ·of -- Princeton·. Han ard and Yale - all the 4uestions, the ones that were did the survey together. " pu lied out hy the press are the three In I ight of the controversy sur- , regarding sex. race and politics. I rounding some of the answers, this think the class regrets ever putting may he the last year they do it, too. those questions in." Merritt adds . Officials from all three schools A significant numher of alumni ha ve reacted cautiously. stressing defined themsehes as racists. their students today are different. sexists - and generally wealthy. Twenty-five years ago. they say, Only 36 percent of the Princeto­ the schools - especially Princeton nians. for instance; say they he­ - recruited many students from I ieve hl ack peopl e- are as intelligent the Deep South. who still hold the as whites. Forty-seven percent of values of their generation, not of the Yale alumni and 55 percent of their educations. the Harvard alumni adjudged the .. , think that's a generalization Copyright• 1981 The Royal Bank of Canada races intellectually equal. you could made about people in ---_..;..----Department of Education Answers the Phone-------- hy Edward M. Elmendorf the Basic Educational Opportunity less than $ I 2.000 per year. Grant institution to reduce the default rate PLUS) Program, allows parents, Deputy Assistant Secretary for Grant. Pell is often the first source aid is not meant to cover all college of its NDSL program fund . A col­ independent students, and Student Financial Assistance of aid in a package which may he costs hut is expected to he com­ lege which has a default rate over graduate students to borrow up to composed of other Federal and hined with a reasonable contrihu­ 25 percent is asked to turn respon­ Newspaper. radio, and ·televi­ $3,000 a year. There i.s no income non-Federal sources. In tht! tion from the student's family and sihi I ity for collecting the deht over sion reports of suhstantial 1:uts in cut off for eligibility. The interest 19X2-X3 school ye;tr , 2.55 million indi\·idual self-help. generally in to the Federal government. If an Federal financial aid to collegt! on PLUS loans will be lowered students share $2.279 .. 040,000 in the form of loans. private scholar­ students have triggt!red a harragt! institution is not prepared to do from 14 to 12 percent sometime in Pt!ll Grants. ships and work. of phont! calls to tht! U.S, Depart­ this. and the default rate remains Octoher as a result of lower aver­ Tht! U.S. Department of Educa­ Another type of student finan­ 2:S percent or more. the Federal ment of Education in Washington, age U.S. Treasury bill interest D.C. tion uses a standard formula to de­ cial assist,tnce is the Colfege government will cut off NDSL rates. termine who qualifies for Pell Work-Study Program. Designed to funding . As the economy continues to re­ Callers, hoth students and par­ Grants. Students should contact provide on- or off-campus johs for The Guaranteed Student Loan cover, we can expect a continued ents, are often confused hy mis­ the. college financial aid adminis­ undergraduate and graduate stu­ Program, much in the news lately. lowering of interest rates,' thus leading or incomplete'information. trator to apply on the free · · Appli­ dents who need financial assis­ makes available low interest loans easing student repayment costs and Many have expressed fear that the cation for Federal Student Aid ... tance. Work-Study is usually man­ to students. with the Federal gov­ reducing Federal expenditures. In government has let them down: This is the form used for all Federal aged hy the college financial aid ernment paying the interest while a addition, the. Reagan Administra­ that college is no longer afforda­ student aid programs. The De- _ administrator. Some 950,000 stu­ student is in school. These loans tion has embarked on a major in­ hle . partment guarantees that each par­ dents will receive $528 million are made hy a lender ( such as a itiati vc to collect delinquent and It is true that student financial ticipating school will receive the under this program in 1982-83. hank. credit union, or savings and defaulted loans under the National · assistance programs have under·­ money it needs to pay Pell Grants A great deal of puhl icily has loan association) and insured hy Direct and Guaranteed Student ' gone considerahle change in the to eligible students. been generated lately on Federal either the Federal government or a Loan Programs. It is anticipated past two years. There have heen The Supplemental EducationaL student loans. particularly the Na­ State Guarantee Agency. This, the that $80 million will be collected in somt! reductions. Most of the Opportunity Grant provides tional Direct Student Loan Pro­ largest student aid program, will 1983. Congress has been asked to chan!!es, however, reflect an effort another mechanism for making gram. Although all colleges do not make available over $9.5 hill ion in allow funds collected on delin­ to return the aid programs to their awards to students. SEOG is dif­ p,irticipate in the NDSL program, loans during the 1982-83 school quent loans to be recycled in the original purpos_e. which was to ferent from the Pell Grant in that it 3.340 of them do. This program year. loan programs; under present law, help students over the cost of a is managed hy the financial aid make available low interest (5 per­ Undergraduate students can such funds are returned to the colle!!e education - not to carry administrator of each participating ce·nt) loans that students must borrow up to $2,500 a year and Treasury. Returning money to the the ;hole hurden . A successful college. Each school receives a set hegin repaying six months after graduate students can borrow up to loan funds would make more return to original intent will help amount of money from the De­ completing _ school (either hy $5,000 under GSL. The total debt money available to future college insure the survival of these aid pro­ partment and when that money is graduating, leaving, or dropping an undergraduate can carry is students. grams for future students. gone. there are no more SEOG below half-time status). Up to 10 $12,500. For graduate or profes­ Federal financial assistance is funds for the year. years is allowed to repay the loan. sional study this figure is $25,000. divided into three categories. In 1982-83 the Department of Application is made to a school's A student borrower whose family ··Grants·· are awards of money Education will provide 440,000 financial aid administrator who income is less than $30,000 auto­ What, then, is time? If no one that do not have to he paid hack . students with $278,400,000 in manages the loan fund. The fund is matically qualifies for an interest­ asks me, I know what 11 is. If I wish .. Loans" are borrowed money Supplemental Educational Op­ a revolving account, designed to subsidized loan . Students whose to explain it to him who asks me, I which a student must repay with portunity Grants. Students will get _ allow a school to continually make family income -exceeds $30,000 do not know. Yet I say with confi­ interest. "Work--Study" provides up to $2,000 a year under this pro­ new loans as existing loans are re­ may still be eligible for G_SL inter­ dence th~t I know that if nothing the chance to work and earn money gram. paid. About 800,000 students will est benefits if the college's finan­ passed away, there would be no to off-set college costs while at­ Grant programs are designed to receive NDSLs in 1982-83: 10,000 cial aid administrator determines past time; and if nothing were still tending classes. help the most needy students get a more than in 1981-82. that the student has demonstrated coming, there would be no future The Pell Grant Program is one of coll ege education. The Pe ll Grant, Recently, Secretary of Educa­ financial need.