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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (Feb. 23, 1979)
frlday, febrtiary 23,1979 ottly ncbrsskfen p833 11 UNIj employs agencies to keep loan defmilts dowu By Lit Austin The default rate for federal student loans through UNL has doubled to the past five years bt; Is still well under the national wtxvzty? ;UNL official said. According to ICen Pischel, assistant director of Student Accounts, the UNL default rate on federal loans for students is 6.6 'percent compared with the national average of 17 percent. The Department of Health, Education and Welfare may decrease federal funds for universities. with the highest default rates on student loans, but UNL won't be affect ed becaUseoMti low rate, Pischel said. To keep'Ohe 'default rate low, UNL employs two" collection agencies, National Account Systems In Lincoln and Credit World Services Inc. in Kansas, he said. It is the agencies job to recover the monty for UNL so that it can be loaned out again, he said. to find the person, he said, adding when the agency locates the person, they go to court to recover the money. According to Nancy Wkderspan, loan adviser for UNL Scholarships and Financial Aids, going to court for the entire amount often means the defaulter has to take out a loan with a high interest rate to pay back the school loan. When this happens all the benefits of t low-interest school loan are "out-the. window," she said. Not receiving payment notices is no excuse, for not paying back the loan, she said, because students are void that if they are riot contacted within three months after their.' graduation It Is their responsi bility to Contact the UNL ' Bankruptcy no excuse Many also think filing bankruptcy will excuse, them from paying a school loan, but student loans are riot discharged under bankruptcy, wiederspan said. When a lOah: tiavment is 1 80 davs oast . Financial aids Officials take stem to bre. due it ,1s placed with one of the agencies,, vent default on loan payments before the Pischel explainedThe aRencv tries .every" student is out of school, she said, legal means to recover the loan he said. Before students are given the loans they Accelerated loans must attend a meeting for pre -loan counsel He said if the agency locates the person - tog. At this meeting it is stressed that a who flatly refuses to pay, then the loan is loan Is not a grant so it must be payed accelerated and the agency goes to court to back, Wiederspan said, collect the total amount of the loan.- Students also sign a statement of rights But after six months if the agency has and responsibilities which essentially says made no progress the loan goes to the second agency . At this point, the amount due is auto matically accelerated to the total amount of the loan, Pischel said . the student understands that it is his responsibility to. repay the loan and promises to do so, Wiederspan explained. Before the students leave school, they are required to attend an exit meeting. It is Since the second agency is looking for basically the samfc as the firstlmeettog but more money, they may try a little harder explains payment plans and what to do if Gasahol production could help ivif: fti cioo ou nau speaker By kim Wilt Increased gasohol production would benefit the United States in five ways, the president xf the National Gasohol Com mission said Tuesday night, SpeaEirtg' to members of the press, Holly Hodge said gasohol production would provide a market for surplus agricul tural products, "be a renewable source of fuel reduce United States dependency on imports, reduce automobile emissions and create a new industry and a new source of jobs. Nebraska has had a gasohol program since 1971, Hodge said, when the state began a road test program, using gasohol in emergency Vehicles. When a seven mem ber Gasohol Committee considered that test and later ones successful, and then set up a gasohol distributing station in Hold regeinl975. Since -then, Nebraska has established 50 gasohol distributing center. Illinois alcohol Gasohol is 90 percent unleaded gasoline, and 10 percent grain alcohol. The alcohol can be produced from many sources, Hodge said, including corn, com stocks, sugar beets and sweet potatoes, he said. Nebraska transports its grain alcohol from Decatur, in. because no alcohol is produced in the state. Hodge credited this to the high cost. He estimated that the largest plant would produce 20 million gallons of gaso hol per year, and would cost $30 million to build. More federal loan guarantees; like 'rihtnr $15 million provided by the 1977 Federal Farm Bill are needed, he said. Presently, Nebraska adds 15 cents to the cost of its gasohol, Which is the cost of transporting the alcohol from Illinois. With the 15 cents addition, the total price of the gasohol is $14 per gallon . But, the consumer pays about 74 cents Per gallon because of federal and state tax credits. Production not limited Last year, Nebraska distributed between 100,000 and 120j000 gallons of gasohol. Total gasoline use in the state averages 900 million gallons per year. Other states are also testing gasohol, and developing programs for its use, Hodge said. Because alcohol can be produced from a variety of agricultural products, be said, gasohol production is not limited any where in the country . "Each state is unique in the raw materials it can use for gasohol," he noted. The National Gasohol Commission represents 26 states and three Canadian provinces. The commission is a tax-exempt, non-profit Organization, established in 1978, "to accumulate and disseminate in formation , to everyone interested in gasohol," he said. The Midwest Energy Alternatives, an or ganization interested in the use and production Of alternate forms of energy, sponsored Hodge's talk. Letter-writing campaign starts In an effort to inform the people of Ne braska about the academic situation and the NU Board of Regents regard for stu dent opinion", the Residence Hall Associat ion is mailing letters to newspapers of Ke-; braska, according to Jay Curtiss, chairman of the RHA committee coordinating Ihe effort. - - . .- . - The letter is the same as the one printed in the Daily Nebraskan onTriday, Febru ary 16; In short, it states that themembers of RHA are opposed to the approved 9 JOOO seat stadium expansion. Curtiss cited three main reasons for this opposition: the regent's spend too much t time on football concerns and not enough -time on educational interests, the method ; of funding is unsound and approval was given at a time not conducive to student input.- , Student signatures will be included with the letters. Students sign the letter going to theirbometown. About 400 names have been obtained and response has been good, Curtiss said. fWe want to make it clear, that we are "hot against footbaUfbut we feel that other interests,; could use more attention. If nothing else we want to make the people of Nebraska curious about what goes or. here," he said. ' RHA representative Kevin Bemt said, "We are more opposed to the regents hon Interest in students ideas and their needs, than we are to the stadium expansion. "' The letter will be mailed sometime next week to about 40 Nebraska papers. not contacted about payments, she said, "We also use t few scare tactics in terms of responsibility,' Wiederspan laid, - Financial aids officials have tighter con trol over short-term loans, she said. If they arent payed back by May, the student on't get back into school. UNL won't release transcripts oh any one with a defaulted school loan, she add ed. Wiederspan said problems with repay ment arise-when .students get themselves over-extended by taking more than one loan at once.. , " , "Students tee loans as an Immediate snort term solution to long term problem," she said. VI see too many kids who get out and .ask me why I didn't tell them how hard It would be to pay back those loans.1 Wiederspan laid she advises students to work more and carry less hours so they wont get over-extended. 69 nCon cSCtSrca ivcso'csKJte' B VJcaitDoy wM toy, StU iwgftg? New RCA Vista color TV, 21 inch With wood grain ease. 2 Years old. 472-8019. 1974 Mustang U; good con dition; day-Roger Brandl, 432 7681. evenings and weekends-472-9564. S.L. MOSSMAN GUITARS I have some very fine Mossman acoustic dread naught guitars, as played by John Denver, David and Keith Carradine, Cat Stephens and Others. These fine acoustic guitars are available at less than H the original list price. Call 316-221-2625 after 5 pm. r Write Mossman Guitars, 2101 Hast 9th, Winfield, Kansas 67156. : . Cross-country ski is. Pin bind ings. Optional wax. like rtew $40,423-3404. Still under warranty, Ken wood amplifier KA 3500 40 watts per channel $100. 474 2532. Instrument Amps: Teisco Head, 2 ch.wreverb tremolo 2-1 5" bottom . $1 50. Mark-XXX Bass Amp by Gregory. $35. Good beginner or practice equip First $170 lakes both. 489 8953 late evdnings best. Keep trying! 1962 VW, sunroof, $150. Call 4744145 evenings. 35mm camera, "GAF" has all Options, brand new first $125 lakes ft. 472-9694. 951 Manatt, 3 bedroom Souse, no basement, stove refrigerator furnished. $215mo. deposit and utilities. No pets. 477-5364. 2 bedroom, carpet, air, yard, close, $195 utilities, 477-2260,477-8569. Furnished efficiency apart ment with basement and garage. Utilities paid. Close to campus. $140month. 488-7089. after 5 p.m. 488-5039 or 474-1280. RENT BREAK 2 bedroom. 3 .minutes North of City Campus. Under mild government Subsidized program for middle income family situat ions. Rent from $159 4- up. Monthly lease. Tenant pays electricity gas heat. 475-6144 large Insulated 2-bedroom house between campuses. Newer basement appliances, shower, garage off-street parking. Pets ok. $189, utilities, deposit. 466-9770. Wanted immediately, in structors for drawing painting and pottery on Saturdays. Meed volunteer soccer coaches. Call Linda, 432-2802. OVERSEAS JOBS-Summer year round. Europe, S. America Australia, Asia, tc. ATI fields, $500-$1 ,200 monthly. Expenses paid. Sightseeing. Free info. Write: UC. Box 4490-NA. Berkeley, CA94704. WANTED: Mag card or A8 Dick Magna 1 operators, Mon day -Friday, 43 p.m. Contact Manpower Temporary Services, 122 N. 11th, 4773938 for fur ther Information. MEN! WOMEN1 JOBS CRUISE SHIPS FREIGHTERS No experience. High pay. See Europe, Hawaii, Australia, So. America. Career Summer! Send $2.75 for Jnfo. to SEAWORLD. BW Box 61035, Sacramento, CA 95860. WORK IN JAPAN! Tedv English conversation. too exper ience, degree, Or Japanese re quired. Send long, stamped, self addressed envelope for details. Japan-llA, P.O. Box 336, Central ia.WA 98531. n i ii- .-, Responsible male to work approx. 20-25 hours perweek. Must have excellent wardrobe & flexible schedule. We have nice working conditions. Possibility of a full-time job in the summer. WOLLAWAY-R ENT-A-TOX. 432-2262. "' "'ii "I in IiPhiH RENTAL Rent color or black and white TVs, refrigerators, stereos, washers and dryers. Bent furniture, living, bedroom and dinette-$49.G5mo. Any furni ture or appliance. ACE FURNITURE 24290 Street 474-3444 Large 3 bedroom townhouse 1703 Knox. 3 minutes north of city campus. 1 baths. Monthly lease, $253. 475-6144. Close to campus, eff , 1 and 2 bedroom apts. Call 475-3394. 3 bedroom house, dose to Jowntown campus, Catt 435 3120 after 5 pm. ; , HOUSE FOR RENT . 2411 Lynn - 3 bedroom, new carpeting, paint, etc New red wood deck. $200 per month plus utilities. Call 474-1911. 474-2848. MOVING? Rent a van from De Brown Leasing. Low rates. 477-7253. . , - ; Newer 2 bedroom, fireplace, air -cortdlttofiing. carpeted. No pets. $225 deposit. 477-6574. 4S4-G323.1Cth A Knox. Dance to the Music tonight md tomorrow of Essence Cm II Tlmbefwolf Blue Haze Strider ftlonroe Disco by C &) Sound Union Ballroom Chi Phi IRuscular pystfcphij jDancofnarathon ' , 1