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.
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Grand Opening
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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,
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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<t Draft Beer
75<t Mixed Drinks
★ Free Munehies ★
MAIN COURSE, DESSERT & BEVERAGE
f “Dinner For Two” 1
irrv/i|7ril *1* MM ■“ This deal is so good that it's
if i/uaT I /lilt, ) 9m 33 only good for a limited time.
I Xw0*V^/^MVWUAIr4 ■ Expires September 20, 1987.
| ™ Not good with any other |
| 2—% lb. Hamburgers Grilled to Order offer or promotion. j
, 2-Orders of our Famous French Fries D „ . . T «
2-Soft Drinks (Free Refills) ^rn°,
I 2—Brownies for dessert When Ordering LINCOLN ONLY
6100 “O” Street at Gateway Shopping Center
