Hilltop Views (Austin, Tex.), Vol. 5, No. 1, Ed. 1 Monday, September 17, 1990 Page: 4 of 43
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News
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CRC workshops scheduled
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Student guaranteed loan program in jeopardy
I
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Expires August 31, 1991
Student Government plans
elections of representatives
HOW TO GET A JOB IN
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Sept. 27 - State Farm - Insurance
Oct. 10 - TX Dept, of Human Services
**Oct. 24 - Holt, Reinhart & Winston - Publishing
Nov. 6 - City of Austin
Nov. 13 - Austin Police Department
Workshops are from 12:00-1:00 in Main 110
** Workshop site to be announced
T
hunters make is not researching
the company with whom they
hope to find employment.
Schwartz added that these work-
shops will provide an excellent
opportunity to begin your infor-
mation gathering and to make
connections with people in the
companies.
The workshops will help
students find out what to say in an
interview, how to dress, who to
talk to when applying for a job,
what to put in your resume, what
kind of degree and previous ex-
perience is valued by employers,
and how internships and co-ops
can be helpful in finding the kind
ofjob you want. The workshops
will be held in Main Building 110
from noon to 1:00 p.m., so bring
your lunch and your questions,
and take advantage of this great
opportunity.
to receive a ballot.
Student Government has been
working on some activities for the
fall that will get underway as soon
as elections are completed. Two
projects currently planned are stu-
dent phone directories to be handed
out free of charge in early October
and a Thanksgiving social to be
held for members of Student Gov-
ernment.
Group committees, such as
Keep Austin Beautiful, the Election
and Nominating Committee, the
Publications Board, and the Ath-
letic Council are scheduled to be
organized within the Government.
If there are any questions con-
cerning elections, students are asked
to contact the Student Activities
Office, located on the 2nd floor of
the Main Building.
continued from page 1
loans to students until they got gov-
ernment reassurance that HEAF,
which “guarantees” the banks will
be repaid the money it lends, would
not leave them unprotected.
While HEAF guarantees loans
in many states, the federal govern-
ment recognizes it as the primary
loan guarantor for banks in the
District of Columbia, Kansas,
Minnesota, Nebraska, West Vir-
ginia, and Wyoming.
Consequently, banks in those
states are the most uneasy, Dean
reported, with many opting to try to
use one of the other 54 guarantee
Marlise Lonn as the other three rep-
resentatives.
Students interested in running
for an office must maintain a grade
point average of 2.5 except juniors
or seniors wishing to run for vice-
president, then a G.P.A. of 2.25 is
allowed.
Another requirement for stu-
dents who would like to run for an
office is a personal essay which
must be handed in by September
14th for the upperclassmen elec-
tions and September 21st for the
freshmen. Also, candidates must
not exceed a $50 campaign limit on
supplies, but all those running are
welcome to use materials provided
in the Student Activities Office.
Voting will take place outside
Moody Hall at the end of the ramp,
and a valid SEU I.D. must be shown
Rob Murray examines the exhibit in the Moody Atrium of
artists John Patrick Cobb and Brother Jeremias Mysliwiec, C.S.C.
Cobb and Mysliwiec are both former SEU students who are now
professional artists.
The exhibit is titled ”The Sophisticate & The Primitive" and
will be shown through September 23.
lenders are becoming, Dean warned.
Many might simply get out of the
program altogether.
“We’re waiting on the depart-
ment to come up with a resolution,”
Dean said.
“At this point,” added Diane
Borchardt, financial aid director at
Concordia in Minnesota, “it’s more
of a status quo with a little bit of
nervousness.”
For now, students should still
be able to secure loans, Dean said.
“They many have to make changes
in their loan arrangements, but the
money is available.”
HEIDI SCHOENBERGER
staff writer
Student Government (formerly
Students’ Association, Inc.) will be
starting off the year by holding two
sets of elections for the 1990-91
school year.
The first set will be held during
the last week in September. The
positions that will be available are
vice-president of Inter-Govern-
mental Affairs, three senior repre-
sentative positions, and four junior
representative slots.
The second set of elections will
be held during the first week of
October to elect four freshmen
representatives. The positions for
sophomore representatives have
already been filled by Christina
Luna as executive representative,
Wynde Bush, Aymii LaRowe, and
Univeristy.
“I think this is probably, on a
small scale, another S&L type
ripoff,” Hatten added, referring to
the $500 billion federal bailout of
savings and loan institutions that
lost money in part by lending money
to people who did not repay them.
HEAF admitted its problems
mostly stemmed from making “bad”
loans to students at for-profit trade
schools.
The longer the Education De-
partment takes to come up with a
long-term plan to manage HEAF’s
financial troubles, the more uneasy
nad
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But if the guarantee agency’s de-
fault rate goes about five percent,
the Education Department pays the
agency only 80 percent of the loan.
A $200 million Ioan from the
government-sponsored Student
Loan Marketing Association to
HEAF will keep the agency afloat
only into October.
After October, if the depart-
ment ultimately has to give HEAF
more cash to reimburse banks, stu-
dents can expect a “drastic cutback
on student loans,” warned Leo
Hatten, outgoing financial aid di-
rector at Eastern New Mexico
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agencies. In the meantime, stu-
dents in those areas are most at risk
of not getting the Stafford Loan
money they have been promised.
The crisis began in July, when
HEAF executives told the U.S.
Department of Education, which
oversees most federal college pro-
grams, that HEAF did not have
enough cash to reimburse banks
when students default on their loans.
When a student fails to repay a
loan, the lender turns to a guarantee
agency to be reimbursed. The
guarantee agency, in turn, gets paid
back by the Eductaion Department.
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PAM CROMWELL
staff writer
Throughout this semester the
Career Resource Center will
sponsor “How to Get a Job In... ”
workshops. The CRC invited
personnel representatives from
various organizations to give
students pointers on how to get a
job in their field. Included in the
itinerary is the Austin Police
Department, Holt Reinhart &
Winston publishers, the Texas
Department of Human Services,
and the City of Austin.
On Sept. 13, the FBI came to
St. Edward’s with advice about
federal jobs, andon Sept. 27, State
Farm insurance will present the
how’s and who’s of finding a job
in the insurance market.
According to David
Schwartz, director of the CRC,
the most common mistake job
Page 4 September, 17 1990
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Hilltop Views (Austin, Tex.), Vol. 5, No. 1, Ed. 1 Monday, September 17, 1990, newspaper, September 17, 1990; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1523132/m1/4/: accessed June 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting St. Edward’s University.