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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (April 26, 1982)
Monday, April 26, 1982 Pago 2 Daily Ncbraskan $! in TMly..aiitI TOTE 'EM AWAY2 hIicii von tiUVtf UH Utile UN H5(M) (hroiili May Kth. Sec our complete display of POTIvS ...yourwfreeorat low cos! when you suvc us little us 500 through May 8th. You'll like our "collection" of savings service, too. SAVE & CHOOSE Woman'i Umbnlli Mini Umbrella Umbrttli I Bag Eipandlng Bag Woman's Puttibutton Umbrilla Man's Pushbutton Umbrella Eipandlng Cultla Bag Eipandlng Garment Bag Luggage Set I wo tm 3 95 3 95 795 8 95 II 95 11 95 15 95 30 95 62 95 HMO 13 IM 195 195 5 95 6 95 9 95 995 13 95 27 95 59 95 M eofl MM FREE fRIE 3 95 4 95 7 95 7 95 11 95 25 95 57 95 17 OM If HI FREE FREE FREE 1 95 5 95 5 95 9 95 23 95 55 95 1 MO mm FREE FREE FREE FREE 1 95 1 95 5 95 2195 51 95 m too FREE FREE FREE FREE FREE FREE 2 95 17 95 47 95 noo 6 95 6 95 10 95 11 95 14 95 14 95 18 95 32 95 64 95 You Always Get ttRalny Iy" Protection at nebrasha Sauings and Loan Association LINCOLN 1409 "O "Street 402-475-1409 All account lnurcl to JflOO.OOO by IfiUV. Bereuter speaks with UNL students about proposed cuts in financial aid By Eric Peterson Rep. Doug Bereuter, a Republican congressman from the First District, came Friday to the Nebraska Union for what he called a "listening session" about President Rea gan's proposed financial aid cuts. His visit was sponsored by the ASUN's Government Liaison Committee. 'The important thing to remember about financial aid is that nothing is certain," Bereuter said, noting that congressional passage of the cuts is uncertain. "We don't know if Congress will even pass a budget." Bereuter pointed out that some government agencies will simply continue to function at last year's funding le vels if both parties in Congress can't agree on a budget. "That's not a good way to do business," he said. Bereuter first outlined the proposed cuts and then asked for opinions about them. Bereuter said Guaranteed Student Loans would be affected three ways: the origin ation fee would be increased from 5 percent to 10 per cent, all borrowers would be subject to "need analysis," and "most controversially, graduate students and pro fessionals students would have to do all their borrowing at a 14 percent interest rate and begin repayment of the loan immediately ." He said this loan program for graduate and professional students does not even exist in Nebraska. Pell Grants, a program targeted for the most needy students, would have the maximum grant reduced from the current $1,800 to $1,400 or $1,600, Bereuter said. The College Work Study program would be substan tially reduced and the Supplemental Educational Oppor tunity Grant would be eliminated, he said. Bereuter pointed out that since 1960 the 16 percent default rate for direct student loans is higher than the commercial loan default rate of 12 percent, and the higher student default rate is one reason given for cutting the programs. "However, the default rate for Nebraska is only 4 percent," he said. Bereuter gave several reasons for student defaulters, such as inadequate collection staffs, colleges which don't make student borrowers understand their obligations and students who are not motivated to stay in school after they obtain the loans. "Despite these instances, I feel the money was brought to great use," he said. 'There are a lot of students who could not have gone to college otherwise or would have had to defer their educations." Bereuter said some reductions in financial aid to stu dent programs probably are inevitable. "I think we're going to have cutbacks in every area," he said, adding that some shifts in assumptions about stu dent aid are necessary. "We have to get rid of the idea that everybody is en titled to a loan regardless of income," he said. Bereuter said he prefers that graduate and professional students not be excluded from the loan program "without some kind of phase-out period." He proposed two differ ent changes than the Reagan administration outlines. Bereuter said he would limit the family income of loan recipients, but slightly less than in the Reagan proposals, and vary the loan amounts. "Instead of a flat $1,400 or $1,600, there might be loan amounts on a certain gradient," he said. lil 1 Si American Heart ipr Association WET?t FIGHTING f-OP YOUU Lift Football ticket sales begin today a D D D D D D D D D D D D D D D D D D Choose your "shades" before April 30 and save 20! We think we have Lincoln's best selection of quality sunglasses, so of course we have the style you want now 6.40-80.00 a a a a D D D D D D D D D D D SAVE a The 1982 spring sale of student football tickets begins today at the Athletic Ticket Office, South Stadium 117. The office is open 9 a.m to noon and 1 to 4 p.m. Students applying for tickets are asked to bring a completed application card. The cards are available at the Student Accounts Office in administration 204, the inform ation desk of the East Union and the ticket office. When buying the tickets, students must present the application card, a student ID card and cash or a personal check for $36. Today is National Pig Day! Checks must show a Lincoln address and phone number. Students will draw a lottery number, and the ticket orders will be filled using these numbers. The tickets may be picked up Sept. 7 throught 10 upon presenta tion of a current student ID showing full time student status. Married students may purchase a tick et for their spouse if they present proof of marriage. Spouse tickets are $72. The ticket office has posted notices around campus with complete information about the sale. D BRING THIS AD rfmD. Famous brands like: 0 nn. D uarreru" duiicv Ray-Ban Glacier Suncloud by I Ski Champion D n THIS OFFER ENDS APRIL 30 n GATEWAY 164 G4LERY VWi 0 LINCOLN CENTER 1118 O" D D D D D D D D JtJnnnm JD'i JfffiWf SORE DR'S HOURS: GW-10-9, Sat. 10-5:30, Sun. 12-5 DT-Weekdays 10-5:30, Thurs. 10-9 D D a D D D a To celebrate - feed your piggy (bank, that is)! Become a plasma donor! $10 is paid for each donation and you can donate twice weekly (but please wait 72 hours between donations). That's up to $100 a month. And that can buy a bt of bacon! New donors bring this ad for an extra $2 for your first donation. Call now for an appointment 475-8645 University Plasma Center 1442 O Street Open Monday-Saturday 8O0am - 6.00pm federally licensed 0: