Student aid suffers cutbacks; but loan limits slightly raised aid from Page 17 For students who qualify, loan limits have been raised by the federal government. Undergraduate limits were raised from $2,500 maximum for each undergraduate year to $2,625 or the first two undergraduate years and up to $4,000 for remaining undergraduate years. Graduate and professional students may borrow up to $7,500 per year. The total amount undergraduates can bor row has also been raised from $12,500 to $17,250. Graduates and professional students can borrow a maximum total of $54,750 that includes student loans made at the undergraduate level. “It’s kind of a bad news, good news, bad news scenario,” McFarland said. “The bad news is that it’s harder to qualify for a GSL, the good news is that if you do qualify you are able to borrow a larger amount. The bad news at the end is the possible increase in a stu dent’s indebtedness when he is fin ished with college,” he said. Although things may look rather bleak for students who didn’t qualify for aid packages or GSLs, options are still available. Parent Loan for Under graduate Students and Supplemental Loan for Students are loans that may be acquired by students. Under these programs as much as $4,000 can be borrowed a year. With these loans, however, interest begins to accrue and payments usually begin after 60 days unless a postponement is granted. McFarland said he was not seeing or hearing students say, “We’re not going to be able to come to school.” “We are seeing ones that have come to school on GSLs that are now ineligi ble and are turning to the PLUS and SLS loans,” he said. McFarland said it is very important for students to realize that GSL, National Direct Student Loans, parent loans and supplemental loans are not grants and must be repaid. Students must realize the commitment they are making before signing loan papers, he said. “Students need to be able to look down t he road and see the long-range benefits of a college education,” he said. “I believe education is still worth the money.” L The world is waiting. Be an exchange student ^-Qvp ‘Drawer— ^ Vintage Clothing & Accessories Grand Opening — You re invited — Where: Corner of 27th and Vine When: August 21st and 22nd 10 a.m.-5 p.m. What: Grand Opening — Prizes, Discounts, and more When you 're looking for the best, b_ take a look in the Top Drawer! —a Experience the Schwinn difference! If you want to hava waakand fun in tha backwoods . . . and rida it to work all waak ... tha Schwinn all-tarrain does it all ... to parfaction. Coma saa Schwinn s|| 0f cur Schwinn all-tarrain I bikas. All Terrain bikes from *219.95 10 speed bikes from *149.95 BIKE SAFETY CHECK / • | Any brand multi tpaad b*a tarvicad - indudai •“^1 brakaa. trua wbaata. fcibrieation and comptata btka ehach up. $1 GJ $25 Value ... I O LINCOLN Schwinn CYCLERY "'jSst 6100 “O” Street at Gateway Shopping Center FALL MENU 1987 America’s Best Burgers LB. Hamburger 3.19 Vis LB. Hamburger 2.69 Vi LB. Hamburger 2.29 Jake Jr. Meal 1.99 Child’s Hamburger, Taco or Hot Dog, Fries, Soft Drink & Dessert Add Ons_ Bacon .49 Sauteed Mushr(x>ms .49 Sauteed Onions .49 Sliced Cheese .20 Chicken 3.89 Terlyaki Chicken 3.89 Lemon Pepper Chicken 3.89 BLT 2.89 Turkey Clubhouse 3.49 BBQ Beef 3.49 Roast Beef 3.59 Pork Cutlet 2.49 Salad Bar w^th Sandwich purchase 2.49 Baskets_ Shrimp 4.49 Chicken Strips 3.89 Catfish Strips 4.29 ♦includes french fries Specialties_ Salad Bar 3.79 Taco Salad (Beef or Chicken) 3.99 Tacos, Build Your Own 3/3.19 Giant Soft Taco 2.99 Chimichangas 3.49 Crlspitos 2.89 Baked Potato 2.69 Onion Rings 1,19 French Fries ,79 Beverages Softdrlnks* .79 Ice Tea/Hot Tea* .69 Coffee* .69 Milk .69 Shakes/Malts .95/1.60 Draft Beer .75 Bottled Beer 1.35 Wine Coolers 1.75 *free refills All You Can Eat Breakfast Adults 4.95 Children under 12 2.45 Saturday and Sunday l 7:30 ajn. to 11:30 ajn. Attitude Adjustment Hours Time: 4-7 pm M-F 50