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Show your new/ MONDAY-AUGUST 28 -2006 A5 Student loan rates on the rise for UVSC Meagan Leavitt News Writer «*"v-V, Are you interested in informing people about life on campus and in the world around you? If so, apply in SG 220. We are especially in need of people with web design skills and with the abilities, needed to work in both the print and broadcast mediums would be approxi- students were told mately $185 a month they didn't qualify for 10 years; at the for consolidation beStudents who use new rate of 6.75 per- cause their total loan loans to fund their cent, that same student debt was less than college education will now will pay $10,125 $5,000. Other stunow pay more for that in interest, and his dents discovered that assistance. On July payments will jump they forfeit any repay1, the federal gov- $24 to almost $210 a ment grace perioas by eminent raised the month. This is a rough consolidating, meaninterest rate on stu- estimate and does not ing they must immedent loans by 2 per- include books, gradu- diately begin paying cent from 4.75 per- ate school, or poten- back their loans as cent to 6.75 percent. tial tuition increases. soon as they graduate. Two percent may According to the Borrowers were not seem like much, given until July 1 to Financial Aid office, but any math major consolidateolderloans roughly 23 percent of can tell you it adds to lock in the original students at UVSC use up If a student at interest rate. Students loans to pay for school, UVSC uses loans to who took advantage which is the lowest in pay for all four years of this loan consolida- the state. Only a small of school, he'll end tion will continue to percentage of those up borrowing around pay an interest rate of students knew about $15,000, assuming 4.75 percent on those the July 1 consolidahe borrows enough to loans, but any new tion. Students with pay resident tuition. loans applied for after questions about their At the rate of 4.75 July 1 will be secured loans should conpercent, that student at the new rate. While tact the financial aid would pay $7,125 in consolidation will office or their indiinterest, and his pay- save students money vidual loan provider. ments for those loans in the long run, many Just across the street from UVSC! Ramfiigfion Place Condominiums FREE FREE 2007 Seven Peaks Seaso Pass!* Cable and ^Internet! Private Room, Fail/Spring Shared Room, Fall/Spring Private Room, 12 mos. Shared Room, 12 mos. 12 Month Full Unit Contract $295 $225 $245 $183 $599 1219 S. 580 W. Orem, UT 84058 801.224.1070 remingtonplaceutah.com Married housing available! "FrCf Seven Pool.-, k'if on P".iv: vij [iurch;iM.- o' 12 Monti con Brand Opening September 6th what's in a confine? Fi'-I "Something Different, BIRD JOBS •'}» snowbird.com WINTER SEASON: NOVEMBER-MAY POSITIONS ARE AVAILABLE IN THE FOLLOWING AREAS: MORE INFO: www.snowbird.coin JOBL1NE: (801)947-8240 Rental/Retail Mountain Jobs Village/Building Services Food & Beverage Lodging/Hospitality Spa Chi Ideate .#. :.^j-• ; 25 cents & \ lira m u ^ 1409 South State Street in Orem 25 cent pizza ufitinansic offer, is ill; until 7 pi, Sept. fith |