UVSC College Times, 2006-07-24

              TUESDAY JULY 25 2006 THE STUDENT VOICE OF UTAH VALLEY STATE VOLUME XXXV NO. 5 ' A . i i 55 t . j s ports ; : N3A Summer League i New Jazzmen, including Rafael i Araujo, show what they can do j during the Rocky Mountain Re-j view. Read more on page A8. SPORTS Lamar Hunt U.S. Open Cup Virginia Beach went into overtime against Real Salt Lake during the tournament's third round action. For more details see page A8. Shyarnzlan's latest j Is Shyamalan's"Bedtime Story" j shallow or deep? Test the water on page A6. LIFE Dave Eaton interview Meet a local artist in Jason Pyles' exclusive interview. Discover Eaton's ambition, optimism and hopes on page A6. c jOFlNIONS Academic Freedom Quotas, policies and robust I debate. To see the story turn to r page A5. NEWS Homeless in Utah County Jeffrey Hilton goes to the streets to investigate the truth about living homeless. See page A3. o mm A i. 0 TiTJ J f:l M r, t ! fTUi iOT 0 S it4 W 1 Lt?j LrTn ii'M.fi lit 7CTMfliVif(i'4girji ifrcjv.-inercfi tf i Students who use loans to fund their college education will now pay more for that assistance. On July 1 , the federal government raised the interest rate on student loans by nearly 2 percent from 4.75 percent to 6.59 percent. Two percent may not seem like much, but any math major can tell you it adds up. If a student at UVSC uses loans to pay for all j four years of school. 1 u'n i i lie ii cnu up uunuwuig around $15,000, assum ing he borrows enough to pay resident tuition. At the rate of 4.75 percent, that student would pay $7,125 in interest, and his payments for those loans would be approximately $ 1 85 a month for 10 years; at the new rate of 6.75 percent, that same student now will pay $10,125 in interest, and his payments will jump $24 to almost $210 a month. This is a rough estimate and does not include books, graduate school, or potential tuition increases. Borrowers were given until July 1 to consolidate older loans to lock in the original in terest rate. Students who took advantage of this loan consolidation will continue to pay an interest rate of 4.75 percent on those loans, but any new loans applied for after July 1 will be secured at the new rate. While consolidation will save students money in the long run, many students were told they didn't qualify for consolidation because their total loan debt was less than $5,000. Other students discovered that they forfeit any repayment grace periods by consolidating, meaning they must immediately begin paying back their loans as soon as they graduate. According to the Financial Aid office, roughly 23 percent of students at UVSC use loans to pay for school, which is the lowest in the state. Only a small percentage of those students knew about the July 1 consolidation. Students with questions about their loans should contact the financial aid office or their individual loan provider. Donner-Galbraith Memorial Scholarship growing Ashley Robertson News Writer "Chicken on the Barbie" was the theme of a fundraiser hosted by the Orem Outback Steakhouse last Thursday, July 20, to benefit UVSC'sDon-ner-Galbraith Memorial Scholarship for the school of Humanities, Arts, and Social Sciences (HASS). "There is no better cause," said HASS Advisory Board Chairman, Mary Robinson. "Outback has been very generous, this is one example of the many different ways UVSC can benefit from the community's generosity." Jeff Weissgerber, manager of the Orem Outback Steakhouse, was impressed and inspired to contribute to the memorial scholarship after learning about two UVSC philosophy professors, Michael Shaw and Shannon Mus-set, who are conducting a summer teach-a-thon to benefit the scholarship. "I thought perhaps Outback could help out since we're so close to UVSC and we're big on giving back to the community so we decided to host the benefit lunch," Weissgerber said. 100 percent of the proceeds from the benefit luncheon were donated to the r 0 j Courtesy photoUVSC Marketing Jeff Weissgerber, manager of Outback Steak House in Orem, generously hosted a benefit lunch for the Donner-Galbraith Memorial Scholarship. Outback management and employees their time, food and all proceeds. memorial scholarship. The restaurant donated the food and even the restaurant employees worked for free. Also, Joann Losee and Losee Jewelers donated a necklace for silent auction that would go towards the scholarship fund, along with pieces of student art See BENEFIT A3 Phi Beta Lambda places nationally Abraham Hernandez News Writer UVSC's Phi Beta Lambda chapter recently returned home from the National Leadership Conference in Nashville, Tennessee, where they were awarded three first-place winnings, second place, third place, fourth place and seventh place out of nearly 3,000 participants in 40 events. "It's always fun to take students to a nation conference, because they get excited about what they do," said Colleen Vawdrey, UVSC Phi Beta Lambda advisor. Phi Beta Lambda is a national organization for business students at the college level. The organization currently has about 250,000 members nationwide that first compete at the state level before moving on to the national conference where they participate in 40 different events. "The competition is difficult since these are the best college and university students from all over America, making these awards all noteworthy." UVSC's Phi Beta Lambda placed in many of these 40 events including Computer Operating Systems, Cyber Security, Computer Concepts, Organizational Behavioral & Management, Telecommunications, an American Enterprise Project, and Impromptu Speaking. The fourth place American Enterprise Project, one of the most notable Phi Beta Lambda projects in Utah County, involved members of Phi Beta Lambda visiting Grand-view Elementary in Provo and Sharon Elementary in Orem and teaching their "The competition is difficult since these are the best college and university students from all over America, making these awards all noteworthy." Colleen Vawdrey students business and marketing skills. At the end of the project the members of Phi Beta Lambda helped these elementary school students setup small companies, gave them play money, taught them hands-on business skills such assupply-and-demand, and gave away prizes to top companies. "I'd like to see more students get involved, obviously, to have the same experience, because this is an experience they'll enjoy and they'll gain a lot from it," said Vawdrey.