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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (April 27, 1978)
THE BATTALION THURSDAY, APRIL 27, 1978 Page 9 Bill would let students pay anted >f art. rds vd m, hesti y simi ‘rceusf iece,l value an the C: iseirni! 'easura New finance plan suggested United Press International To parents paying inflated college bills, a new proposal may seem like )! j* it ;the pot of gold at the foot of the rainbow. The plan wouldn’t require one cent from parents after the freshman r Hai y ea r. The burden would be shifted 2 inelc to the ultimate beneficiary of college , es ’H — the student. oe and Janie College simply would pay back the amount ad- anced each of the three years once they get on a payroll. The Internal Revenue Service would handle the collection chore — requiring the indebted student to pay back 2 percent of annual earn- ngs until the bill is paid. Those with hefty salaries would P°rtr pay oil the money advanced for tui tion and such in fewer years than would the workers with skinny vas lir paychecks. Conceiveably, some would be poor at earning or work inly in spurts; these, in theory, i° sp« wouldn’t pay back the money in 'ad h total throughout a lifetime. Dr. John R. Silber, the maverick president of Boston University, is he plan’s architect. Rep. Michael J. Harrington (D-Mass.) has joined ild mi lands with Silber. I Jointly the two have fine-tuned a d thiiiipegislative proposal urging the Con- ess of the United States to set up a Tuition Advance Fund’ to get the odel college-financing plan off the Irawing board. The proposed bill, H.R. 12668, as introduced in the House of lepresentatives April 20. A similar ill will need to be put before the Jnited States Senate before the lan has a chance to be voted on. It will have a chance, if most con- essmen and senators do handturns wer this plan. They are being pres- ured by many middle and upper ncome parents dipping into rainy lay money or making enormous oans as they struggle with tuition, oom and board bills — around 18,000 a year at the most expensive chools. Under terms of the proposed egislation, a self-sustaining trust and would advance students the all cost of tuition and $1,000 in ducation-related expenses. There will be a lid: the maximum, 5,000. Studies show the average college aduate earns $232,000 more than the average high school graduate. So why not shift the burden for the major part of the basic degree cost to the one who benefits — the earner of the degree? That’s the basic philosophy between the lines of the Tuition Advance Fund. In the beginning Congress would need to earmark around $4 billion to start up the program. More money would be added over a 20-year period. But after that the plan, in theory, would be self-supporting. The proposal, according to Silber, also fits in with a trend in higher education these days — the ten dency of students to declare them selves financially independent of their parents. The start-up expenses would amount to a little less than twice what Americans now spend on pet food a year. Silber thinks it is a small price to pay for the means to make the full price of tuition at any in stitution available to any serious student. “The Harrington bill embodies two fundamental American princi ples: one, that whenever possible people ought to pay for what they get; two, that equal educational op portunity ought to depend not on a student’s financial ability but solely on a student’s ability to be accepted at the college of his choice,’’ said Silber. “The Tuition Advance Fund idea program is as simple, as logical and as traditional as buying a car on time, but at monthly payments of only 2 percent of one’s salary.” The plan does not include freshmen because a large number of first-year students decide college is not for them sometime during or at the end of the first year. To include them would be to put a lot of persons into the plan who do not earn a degree and who, during their working lifetime, will not be as high earners as the college graduates. RE-ELECT YOUR PRESENT COUNTY ATTORNEY JOHN M. BARRON, JR. “Strong leadership for a strong A&M and Brazos County" Your Support Is Appreciated. Your Support Is Appreciated. Aggie Graduate '71 (Political advertisement paid for by Citizens for Treasurer.) Barron - Phil Banks Chairman, David Barron - May 6 Democratic Primary Summer School is for YOU. . . at Lamar University! Who wouldn't want those extra college hours when next fall comes around! Register NOW for summer. Deadline for Session I is May 29, and for Session II, July 6. For further information, contact Elmer Rode at (713) 838-7610, P. O. Box 10009, LU Station, Beaumont, Texas 77710. Lamar University. . .growing with the community. THE MSC CRAFT SHOP is looking for instructors for the summer sessions. If you’re interested in teaching a class in leather, silkscreen, lapidary, quilting, weaving, sandals, sand terrariums, or any other craft, contact us by May 1. Call 845-1631 or come down to the MSC Basement and see us. Corsages For The Ring Dance 10% OFF ON CORSAGES WITH STUDENT I.D. The Green Jungle 700 E. University Drive • 846-3778 (Across from Fed Mart) COMPLETE FLORAL SERVICE <UVl¥l.UI SHUGART COUPON Thur., Fri. & Sat. April 27, 28 & 29 Gibson Discount Center 1420 Texas Avenue 9 WALLET SIZE COLOR PORTRAITS 994 Extra charge for GROUPS | NEED CASH?] We pay cash for I used books! j Loupot’s Bookstore l B Northgate - Across from the Post Office FUTURE CPA’S LET US HELP YOU BECOME A CPA OUR SUCCESSFUL STUDENTS REPRESENT 1/3 OF USA Le * I | | <- t I 4- + 4 \ + | \ 4- 4- 5131 , 4- ^4- * * -K * * * ¥ * * * -K * * * * * -k * * * * ★ * * * THE COW HOP NOW OPEN 2 doors from Dudley’s Draw Vz BBQ Chicken Texas Chili Cow Pies & Fries Cheese Cow Pies & Fries Nachos Chef Salad Great Prices & Leisurely Atmosphere $1.75 $1.10 $1.20 $1.30 $1.30 $ .99 Mon. Hours — Tues., Wed., Thurs. 11 a.m.-8 p.m. Fri., Sat. 11 a.m.-12 p.m. Sun. 12 a.m.-9 p.m. Tuesday or Thursday BUY ANY SUB SANDWICH AND GET A 16 OZ. GLASS OF BEER FOR ONLY (AH Day Tuesday & Thursday Only) 109 Boyett (Next to Campus Theater) 846-8223 HOUSTON 713 692-7186 CLASSES BEGIN MAY 22 CPA REVIEW HARD WORKER KEVIN R CALVERT, SALES REPRESENTATIVE, THOMAS ASSOCIATES Kevin P. Calvert recently joined us as sales representative for Thomas Associates. Kevin has proved he can work hard, and he has been pleasing people with topmotch sales and service. He can help you with all your personal and business insurance needs. PROTECTIVE LIFE INSURANCE COMPANY Home Office Birmingham, Alabama Thomas Associates Charles E. Thomas, General Agent 520 E. University Drive College Station, Texas Telephone: (713) 846-7714 IZOD, get the gator at the Gentleman’s Quarter Chemise LaCoste shirts in fancy stripes of all cotton and all colors, $20.00 Solids of cotton/polyester and all cotton in rainbow colors, $18.00 Ask about our Wardrobe Account. Open til 8:00 Thursday Nights. THE GENTLEMAN'S QUARTER 3705 East 29th Street Town & Country Center