The Michigan Daily - michigandaily.com

Wednesday, February 6, 2013 - 7A


BUCKEYES
From Page 1A
ulation, knocked one down in the
opening 30 seconds of overtime,
which proved to be the game-
winning basket.
The hard-fought battle gave
Michigan coach John Beilein
a win on his 60th birthday and
kept the Wolverines (8-2 Big Ten,
21-2 overall) squarely in the con-
ference title hunt. By the time
Beilein addressed the media, it
was past midnight and his hectic
birthday was over.
"Thank God the birthday's
over, but it was a good one,"
Beilein said, laughing. "This
added a few more years (to my
age). ... That's why the birthday
thing - it's usually in a stressful
situation.
"I'm not a big birthday guy,
but this was a good present."
The teams continually trad-
ed baskets in the game's final"
minutes. With just more than a
minute left, Burke found fresh-
man forward Mitch McGary
wide open on the baseline to
give Michigan a 72-20 lead.
Ohio State tied it up on the
other end when Buckeye for-
ward LaQuinton Ross col-
lected an offensive rebound
and found Lenzelle Smith Jr.
open on the perimeter for a
deep two-point bucket. Burke
missed a 3-pointer as regula-
tion expired to send the game
into overtime.
Burke's miss, so similar to his
miss at the buzzer in Columbus
that Craft told Burke in the final
moments of regulation that he
was having "deja vu," was drawn
up for the Wolverine point guard
to penetrate and at least try to
draw a foul.
"We settled there a little bit,

but if it goes in, it looks great,"
Beilein said.
After taking aone-point lead
into halftime, the 10th-ranked
Buckeyes' hot shooting from
the first half didn't skip a beat.
Ohio State (17-5, 7-3) built an
eight-point lead in the open-
ing seven minutes of the second
stanza:
But after a three-point play
from freshman forward Glenn
Robinson, Hardaway took over
to keep Michigan in it, scoring 15
of the Wolverines' next 19 points
- all from five-consecutive
3-point makes. With Michigan
down one, redshirt sophomore
Jon Horford blocked an Ohio
State layup, firing up the sold-out
Crisler Center heading into the
official timeout.
"There were some times
where we could've quit," Beilein
said. "There's some times where
some other teams, going way
back, they just turn around
(and say), 'This is just too much.
I'm getting every shot blocked,
they're getting easy baskets ...
it's not our day.' We didn't have
that at all today, and that was
huge."
Hardaway's fourth 3-pointer,
moments after play resumed,
gave the Wolverines a two-point
advantage, but the Buckeyes
went on another run to retake
the lead. The Miami native, who
Burke said was "definitely the
player of the game," finished
with 23 points on 6-of-9 3-point
shooting.
"Some of them were heat
checks," Hardaway said. "If the
ball's going in, the ball's going in.
I can't do nothing about it."
Added Beilein: "He was terrif-
ic. We couldn't dial up plays (for
him) fast enough.",
Four other Wolverines -
Burke, Robin- son, McGary

and freshman guard Nik Staus-
kas - registered double-digit
points. Bukre finished with 16
points and eight assists, despite
being seemingly stifled by Craft
all night.
"Those two, you're watching
two of the finest point guards
in America play against each
other," Beilein said. "Craft is
like none other I've ever seen....
That was a great battle and they
have a lot of respect for each
other, too."
Craft finished with 11 points,
while DeShaun Thomas led the
Buckeyes with 17 points.
McGary's best half as a Wol-
verine wasn't enough to stop
Michigan from entering the
locker room with just its sec-
ond home halftime deficit of
the year. The freshman scored
a game-high 10 first-half points
and pulled down five rebounds,
while also recording two steals.
After Ohio State jumped out
to a 4-1 lead, Michigan scored
the game's next 12 points and
led by as many as 10 points, but
after going 5:25 without a single
field goal, the Buckeyes stormed
back. With two minutes left in
the period, they regained the
lead, and after a Wolverine bas-
ket, the Buckeyes regained the
one-point lead, 31-30, and took
it into halftime.
Michigan connected on five
3-pointers in the first half but
was unable to score a single point
in transition. Ohio State shot 50
percent from the field, while its
stifling defense blocked three
shots and held Burke to just five
points and two assists.
The Wolverines managed
to outrebound the Buckeyes,
despite getting just four minutes
- all in the first half - from its
regular post man, redshirt junior
Jordan Morgan.

COLEMAN
From Page 1A
questions about the widening gap
of access to higher education and
its effect on the University. Eun
cited a speech by Bill Gates that
addressed the difference between
reaching higher education for
people with and without access to
academic and financial resources.
Coleman said the University
has been able to continuously
achieve "an uncommon educa-
tion for the common man," in the
words of former University Presi-
dent James Angell. She added that
though the University accepts an
equal amount of students from
each sect of socioeconomic sta-
tuses, there is still the possibility
that some high-school students
from lower income areas may
be discouraged from applying
because they believe they won't
be able to afford an education
here.
"The challenges that we're all
facing is how do we change that
dynamic, how do we get that mes-
sage to students everywhere,"
Coleman said. "You shouldn't
be afraid to apply. We'll be able
to give you the financial aid you
need once you get in."
Since writing a letter to Presi-
dent Barack Obama last year
about support for the country's
universities, Coleman said she's
working at the state and federal
levels to increase state appropria-
tion and federal legal support for

public universities. She added
that she has seen increasing sup-
port from executives of multiple
corporations in the state in the
past year as a result.
"Everybody's got to play a
part," Coleman said. "Tuition will
always play a role, but we have to
have tuition balanced with finan-
cial aid. I'm actually optimistic
because I think people are begin-
ning to realize that the U.S. has
a fantastic higher education sys-"
tem."
Coleman also gave some
insight into the University's focus
for the next capital campaign, in
which the administration deter-
mines the focus of fall fundrais-
ing efforts.
LSA senior Feiman Ding told
Coleman she was concerned that
her one-credit orchestra ensem-
ble class is losing participants
because of the University's policy
on increasing tuition for students
takingmore than 18credits.
In response, Coleman said she
hopes to challenge issues like this
with the University's next capi-
tal campaign, which will focus
primarily on student support.
Since each school and college
can propose ideas for the cam-
paign, Coleman said she will talk
to Christopher Kendall, the dean
of the School of Music, Theatre &
Dance, support to students with
this issue.
"I think the degree to which we
can engage students in the arts,
even if that's not going to be their
main focus, will impact their lives

tremendously," Colemansaid.
In light of several crime alerts
issued recently, Rackham student
Huichao Ma said she is concerned
for her safety on campus.
Coleman believes the Universi-
ty has a safe campus, but warned
students to use safety precautions
regularly.
Referencing a report by Ann
Arbor Police that a taxi driver
raped a University student, Harp-
er said the University intends to
work with the city of Ann Arbor
on changing current laws that
allow unregistered taxis - many
registered as limosuines - to pick
up passengerswithin the city lim-
its.
In an interview after the event,
Harper said the fireside chats are
an invaluable forum in which
Coleman can receive student
feedback.
"It gives her the ability to hear
what's going on for herself, and
then when she's with faculty
members and deans, she'll share it
with us," Harper said. "She'll hear
it, and then if there's something
that we can do to make the place
better for students, she'll follow it
up. She really takes it seriously."
After the event, Rackham stu-
dent Chris Bennett, who asked
about a long-term approach to
integrating North Campus and
Central Campus, said he thought
Coleman was very approachable.
"If you had a problem, issue, a
complaint - good or bad - she
was open to hearing it, and I
thought it was great."


DEBT
From Page 1A
recovered.
The scale of the crisis was due
to the nature of the housing mar-

II I

The public-private g

F

C2 -

Percent and number of full-time freshmen who received any student loans

For-profit Universities
DeV University
Universiy, Phoenix,
Michigan Metro Detroit
3 647
6 10

Non-profit Universities
Grand Michigan University
Valley State State
University University Micigan
2,417 3,643 2,412
2,272 *3,616 2,f397

ket in which the subprime loans
were being handed out by finan-
cial firms to borrowers who were
unlikely to make their payments,
Kimball said.
"Usually, the big crashes come
after some sort of big increase in
asset prices,"
WHAT'S HAPPENING NOW
College affordability has been
a policy issue for decades, and
changes in legislation and state
funding in recent decades cou-
pled with rising tuition rates have
added to the ever-increasing debt.
Under Title IV of the Higher
Education Amendments of 1992,
private, for-profit institutions
became eligible for federal loans
and grants.
According to the Institute for
College Access and Success, the
average amount of student loans
received by full-time freshmen at
Devry University, was $9,017 in
the 2010 to 2011 school year and
$9,154 at the University of Phoe-
nix-Metro Detroit Campus. Both
schools are classified as private,
for-profit, four-year institutions.
In the same data, the University
of Michigan, Grand Valley State
University and Michigan State
University, which are all public,
four-year institutions, reported
$6,502, $6,288 and $6,207 for the
same year, respectively.
Donald Grimes, senior research
specialist and economist at the
University's Institute for Research.
for Labor, Employment and the
Economy, said too much money is
being given to for-profit institu-
tions, adding that students often
are unable to earn as much with
those types of degrees.
"The government became too
generous," Grimes said. "They
were giving (loans) to go to ... for-
profit colleges and universities,
and more people are actually not
making money after they get a
degree to repay the charges."
All 100 percent of full-time
freshmen students at Devry
received student loans in the 2010
to 2011 school year, compared to
37 percent at Michigan, 66 per-
cent at Grand Valley and 50 per-
cent at Michigan State.
Grimes said loan debt is grow-
ing at about 10 to 15 percent per
year, which is similar to the rate
mortgage loans were growing
before the recession.
Worsening the problem, 9.1
percent of students default on
their federal student loans within
two years, according to the U.S.
Department of Education report
from Sept. 2012.
Under the Health Care and Edu-
cation Reconciliation Act of 2010,
the Federal Direct Loan Pfogram
was instituted and banks were cut
out of the lending process.
The increased dependence on
the government for loans would
cause it to be the institution that
would suffer most from loan
defaults.
"When people don't make the
payments on the loans, the person
who holds the bond portfolio will
go to the federal government and
say, you guys pay," Grimes said.

Grimes added that private
lenders make up only about 10
percent of all loans made, putting
the majority of the burden on the
government.
Unlike mortgage loans, there are
no assets that can be seized to make
up for unpaid debts, leading to a
direct financial hit to those lending.
Among forefront policy issues,
student loan debt isn't high on the
list, and was only briefly mentioned
inPresidentBarackObama'ssecond
inauguraladdress.
Grimes said in the cases of
2008 and 2013 loan debt, lowered
standards for lending made it
easier to own a home or go to col-
lege, and the nature of these loans
makes for "an unnerving paral-
lel" between the past and present
situations.
WHAT COMES NEXT?
There is no clear solution to the
mounting debt that student loans
are creating; however, University
expertshavebeen considering the
future of the issue.
Education Prof. Edward St.
John said federal loan programs
aren't running as proficiently as
they should.
"Pell Grants has been an obama
issue. He sacrificed funding for
other need-based grant programs
in order to maintain Pell, but we
haven't maintained Pell at a level
that is efficient to pay the average
need ofalow-income student," St.
John said.
He suggests education fund-
ing should be worked out within
states in order to increase levels
of efficiency and fairness in policy
for such programs.
Low community college fund-
ing adds to the attractiveness of
for-profit institutions, leading to
higher completion rates for such
trade-specific schools compared
to less-costly community schools.
St. John said the problem lies
in the inaction of past generations
and explains the current admin-
istration must work to decide
the future attitude of the nation
towards student loan debt.
"In general, we haven't faced
up to the issue as a society as to
whether we want to be a lending
nation or not," St. John said.
Kimball, the economics profes-
sor, said the current pessimism
will prevent any major student
loan debt crisis fromoccurring on
the same scale as the 2008 mort-
gage debt crisis.
"There will always be some
losses on student loans," Kimball
said.."I don't see anything sudden
happening."
Grimes said it is important
to continue to encourage col-
lege enrollment and lending for
all socioeconomic backgrounds;
however, caution must be exer-
cised in which institutions the
investments go to. He added that
along with potential reforms,
standards for lending should be
tightened on the federal level.
"It's really hard to think about
what's happening, what sort of
monster we may have set up here.
We don't need another financial
crisis."

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University
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DeVry
University, University of
Michigan Phoenix, Metro
Detroit Campus

Design by Nick Cruz
Source: The Institute for College Access and Success