Page 8-A-Friday, September 11, 1981-The Michigan Daily
Financial aid race grows hectic
(Continued from Page 1)
30, before the financial aid office collec-
ts all the unclaimed loans and rewrites
them at the higher five percent interest
This means that students with Fall-
Winter NDSLs will pay four percent in-
terest on the loans for Fall term and
five percent for Winter term loans.
"There also have been changes in the
Pell/BEOG program because of federal
budget cuts. Grotrian estimated an
aggregate loss of $400,000 to $500,000
this year to students nationwide. The
maximum individual award amount
has been reduced from $1,750 to $1,670.
THE FEDERAL government also
has eliminated income indexing forthe
Pell Grant program. This means that a
student whose family income rose, due
to cost of living adjustments, may end
up with a smaller grant this year. The
family will be categorized as making
more money even though the increase
was only a compensation for inflation.
Only 'two programs, Supplemental
Educational Opportunity Grants and
College Work/Study will remain at
their present funding levels. But
because of a 20 percent increase in
students who participate in the
Work/Study program, Grotrian said his
office is "pressing students slightly" to
get placed quickly. That way students
who decide not to take Work/Study can
be dropped from the program early,
enabling others to participate..
Financial aid applications are up 10
percent from last year, Grotrian said,
excluding the GSL program, "which is
growing by leaps and bounds." But, he
added, the.Office of Financial Aid is
staying on top of the processing.
Last year, the office had received
2,897 GSL applications by mid-July but
By SUE PEISNER
For Tina Michelle Datsko, winning
the University's coveted Hopwood
Award is becoming almost an everyday
experience. Datsko, an LSA senior, left
this summer's Hopwood ceremonies
.last month with two of the four awards,
bringing the total number of the prized
literary awards she has won to eight.
Datsko won $100 for her first place
essay, "A Fickle Muse," and $75 for her
second place fiction entry, "Jacobson's
Angela Harris, a senior in the
Residential College, took first place in
the fiction category of the 44th Annual
Summer Hopwood Contest for her
story, "Rare Earths." Second place in
the essay category, a $75 award, went
to Susan Watson, an LSA junior from
Farmington, for her composition, "An-
tony and Cassandra."
The Marjorie Rapaport Award in
Poetry, a special award administered
by the Hopwood committee, was
presented to Mary Katharine Parks, an
LSA senior from Grand Haven. Parks
said her prize-winning poem, "A Poet's
House," was inspired by a visit to the
home of the well-known Irish poet,
Seamus Heaney. Parks won $75 for that
poem and another, "Kiting."
Join us for...
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Enjoy the celebration!
Now through Nov. 1
U.S. Tour Sponsor
Banco di Napoli
only had processed 911 of them. This
year, 10,834 applications were received
as of Aug. 24 and 9,855 had been
Grotrian cited an increase in ef-
ficiency, support frgm central ad-
ministration planning and fewer late
applicants as reasons for the reduced
backlog of paperwork. ,
If you still find yourself without
money at the end of a long line,
however, there are several things you
may do. First, go to the financial aid of-
fice and fill out an Application Status
Inquiry form. This new procedure was
designed to inform students about
processing and disbursement delays.
In the meantime, $100 emergency
loans and GSL advances are available
from the University.
The Daily incorrectly published the
address of the LSA Academic Coun-
seling Office in an article printed
yesterday. The correct address for the
office is 1213 Angell Hall.
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r iii i i i ii ii