-r. sufuififDSf oswas r university of ncbr&ka Hncoln V M MifehaimdliBig fluids By Gordon Jchascn Copyright 1979 By: The ; Summer Nebraskan - l: If Health .Education; and Welfare of ficials are correct, the " University of Nebraska will have to pay back some money into a federal student loan pro gram. According to a letter sent to University t of Nebraska-Lincoln Chancellor Roy, Young from the Bureau of Student Finan - cial Assistance of HEW, the University Inust determine how much money must be paid back into the National Defense Stu "dentlibia t QO)SU fundTlThe letter resulted from a study of UNL accounting procedures for the funds. YOung said he would appeal the fin--'dings ':" . The letter stemmed from charges made in July 1978 by former director of UNL student aid, Jack Ritchie. Ritchie alleged that the university violated federal regulations regarding the : - way which NDSL money had been handl ; ed. He said that between $200,000 and 7- NDSL account for future loan use. ,v Federal projraai NDSL -student -loans are a part of a iS federal cresram which oavs'90 nercent of student loans' and the state pays 10 per cent During ,1978-79 1 UNL received 21.191 ia NDSL funds. Problems have; occurred' because In terest made onthe investment of idle cash fund money from the NDSL funds was not reinvested into the fund, according to HEW regulations. Idle cash money is money which is not presently used, such as money which.students have paid back. HEW regulations state that interest from the idle cash fund is to be placed , back into the NDSL funds to help produce more student loan money. According to NU financial adviser Emi ly Nelson, the NDSL idle cash funds are . lumped together with other funds and then invested. It would not be readily ascertainable, she said, how much interest NDSL funcj, money has earned because of this practice. Funneled back The interest from these funds eventual ly is tunneled back to the University, she said, it just does not come in the form of NDSL money. According to Active Vice Chancellor for Business and Finance Robert Lovitt, the state did not begin to invest idle cash until 1968 and 1989. f Officials do not seem to have a clear pic ture of how much money is involved, either on the local level or on the national level, a check with university and HEW of ficials found. ? Lovitt said he did not, know the exact figure involved and he would not want the amount to be known. MI would be reluctant to give a figure because that may be admitting defeat," Lovitt said. We think what we have been doing is correct, he added. ' r i - -.' i! Isi ' " ' ' ' " r v 4 -: V; ? . u V: - r ; ' ?:" v - Continued en pc?e 3 ASUN President and student regent. Bud Cue. Photo by Shelley Smitl Stadium additio n is uwaremthf dead By Gordon Johnson Doubts concerning fuel availability, fan participation," and the timeliness of building a $8.4 millions stadium addi- JL JL Board of Regents - - mm Am 4 'U. ' IJactli revest Ed Sthwartxkept, (left) and NU PresUest Cesali Eestss. . - . Pkotaby SheHey Sxaltb tion pervaded last Saturdays NU ' meeting. The stadium issue apparently died as the board failed to recommend the sale of revenue bonds to finance the addi tion. So far $175,000 has been spent on architectural plans for the addition. Koskens: NU at fiscal crossroads By Gordon Johnson The family is not the only institution to be hit hard by in flation, said NU President Ronald Roskens, the University has also been affected. In a speech delivered by Roskens Saturday before the NU Board of Regents, Roskens said the University of Nebraska "has reached a fiscal crossroads." To help overcome some of these problems. Regent Ker mit Wagner of Schuyler suggested to the regents that Roskens meetwith Gov. Charles Thone to set up what he called a "blue ribbon panel of citizens to review this whole matter of university funding. Wagner said he did not think this was passing the responsibility off on someone else. - MI think it would be very helpful to the board of regents, he said. The 187930 NU budget totals $313.4 million of which f 11&9 million comes from the state. This year's legislative session increased the budget by $9 million. One reason for fiscal problems, Roskens said, was the budget decreased from 22 percent of the state's total budget in 1975-76 to 20 J percent, this year. Other state's grew Meanwhile, 18 other state agency budgets grew over 200 percent from 1971-72 to 1978-79. The 1.7 percent decline, represents $9 million which could represent the critical difference in school's drive for excellence, he said. ,'7-x;-"'. r;, , .. Roskens charged that during the past two years support in Nebraska for higher education has risen only 15 percent -compared with a natural growth rato of 22 per cent. It was Regent Robert Raun of Minden who changed to make the 44 vote about financing the addition. At the regent's January meeting, the board voted 5-3 in favor of the addition. It was Regent Robert Simmons of Scottsbluff who called for a reconsideration of the January decision saying the ef fect of increased costs of the addition needed to be looked in to. However, the reconsideration vote was also 4-4, with regents Raun, Simmons, Robert Prokop and Kermit, Wagner of Wilbur voting against the addition. Raun cited the current fuel crisis and lack of unanimity on the board as reasons for switching his vote to create the deadlock. That sculttled the project since a 5-3 .majority would be needed to recommend the sale of the bonds to finance the addition. Foolhardy move "The fuel situation is here to stay. It would be foolhardy to recommend financing of this project without the unanimous support of the board," Raun said. The project has been discussed the past two years and it is still possible that the project could be given the go ahead at the next board of regents meeting. Acting Vice Chancellor for Business and Finance, Robert Lovitt, said because the project was not approved Saturday 23rd, the expansion's time table would be put back and the addition would not be completed before the 1980 football season began. Since the project was first conceived. Simmons said the price of the addition has risen $1 million and the number of years projected for repayment of the bonds has gone from 7 to 14 years. 14 year pay back "The entire athletic department is subject to pay for the new stadium addition for the next 14 Tears, Simmons siad. If the new addition does not tell out each year the athletic department will have to use ether money than ticket tales to pay for the addition. We cannot feel that we have a guaranteed income, he said. ' ' "I don't think that we can at this time feel confident that the people of Nebraska are going to drive so far to these events, he said. Regent Robert Prokopp of Omaha suggested that a Continued ea pt 2