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Student Newspaper of the University of Southern California Since 1912 | www.dailytrojan.com | VOL. 174, NO. 45 | Wednesday October 26, 2011
InDEX 4 · Opinion 6 · Quick hits 7 · Lifestyle 12 · Classifieds 12 · Crossword 16 · Sports
Terrifying thriller:
A haunted house
stands apart by
interacting with
audience
members.
“Financial aid calculators are
more of a hindrance than a help
to college students.”
Came and gone:
Sophomore
tailback Dillon
Baxter has left the
program to focus
on academics.
sports 16
lifestyle 7
opinion 4
weather
Mostly Sunny
hi 69
lo 50
today tomorrow
Sunny
hi 74
lo 52
By Francesca Bessey
Daily Trojan
The Obama administration an-nounced
Tuesday it is proceeding
with a new “Pay As You Earn” pro-posal
that would reduce monthly
payments for more than 1.5 million
college students who currently owe
money on student loans.
The proposal will cap college stu-dents’
monthly loan payments at 10
percent of their discretionary in-come.
Students would also be forgiv-en
the balance of their debt after 20
years of payments.
This is an expedited version of a
measure planned for 2014 in which
all borrowers will be able to similarly
reduce their payments.
Current law limits borrowers’ pay-ments
to 15 percent of their discre-tionary
income and forgives remain-ing
debt after 25 years of consistent
payments.
“In a global economy, putting
a college education within reach
for every American has never been
more important,” President Barack
Obama said, regarding the proposal.
“But it’s also never been more expen-sive.
That’s why today we’re taking
steps to help.”
Additional measures are also be-ing
taken to improve the way bor-rowers
can manage their money.
As part of the Know Before You
Owe project, the Consumer Financial
Protection Bureau released Monday
a Financial Aid Shopping Sheet.
This sheet will help students easily
compare financial aid packages of-fered
by different institutions. It also
makes the total long-term costs of
student loans clear to students be-fore
they choose to enroll at a specif-ic
college.
The United States Small Business
Administration and the Young
Entrepreneur Council, meanwhile,
have each launched programs to help
young entrepreneurs with their fed-eral
student loan obligations.
The YEC will invest $10 million
to pay the remaining student loan
obligations of young entrepreneurs
across the country.
Pay As You Earn is part of a larg-er
series of executive actions to
strengthen the American economy,
Obama said.
Obama proposes
‘Pay As You Earn’
The program will forgive
students of their college debt
after 20 years of payments.
White House
By David Lowenstein
Daily Trojan
At 2100 with two hours left on the
clock and three given points left to find,
a group of USC MS1 cadets on a mission
trample through the night with nothing
but a compass, pace count, red light and
a couple weeks of training to find three
out of five small metal poles with a small
white placard located more than a mile
away from each other. It is their first
exposure to what life with the Army
Reserve Office Training Corp’s Trojan
battalion will be like.
An MS1 cadet, a first-year member
of the Army ROTC program, pulls off to
the side to rehydrate while another MS1
redraws their route using the military
grid reference system. This is their
final test of the night, a chance to show
the senior cadets, MS4s, what they have
learned. The fall training exercise is not
just weekend training, it is a time to
set aside the distractions of school and
become the leader the U.S. Army expects
them to be.
The MS1 cadets, typically freshmen,
were not unaccompanied. An MS4 cadet,
the equivalent of a senior or a last-year
graduate student, accompanied the five
MS1 cadets providing them with advice,
such as reminding them that hills and
uneven terrain alter their pace count
and to use a back azimuth, an angular
measurement, when they cannot locate
the point. The MS4 cadet helped the
MS1s locate two of their five points and
then let them attempt to find the others
USC cadets complete fall Army ROTC training
MS1 cadets were helped by MS4s,
senior cadets, during the Army
ROTC’s fall training exercise.
Military
Kristy Pyke | Daily Trojan
Teamwork · Tyler Tyburski, a junior majoring in international relations, carried
a wheelbarrow across a wooden plank during the field leadership reaction course.
Jennifer Schultz | Daily Trojan
Hoops of fun
Hailey Logan, a freshman majoring in biological sciences, hula hoops at Hoopnotica’s Hoop Jam, held Monday in
the Lyon Center. The Hoop Jam taught students the basics of Hoopnotica’s, a hula hoop aerobics program, and
was part of the Pac-12 Best of the West Fitness Challenge, a weeklong fitness competition among Pac-12 schools.
| see ROTC, page 2 |
Object Description
Description
| Title | Page 1 |
| Contributing entity | University of Southern California |
| Full text | Student Newspaper of the University of Southern California Since 1912 | www.dailytrojan.com | VOL. 174, NO. 45 | Wednesday October 26, 2011 InDEX 4 · Opinion 6 · Quick hits 7 · Lifestyle 12 · Classifieds 12 · Crossword 16 · Sports Terrifying thriller: A haunted house stands apart by interacting with audience members. “Financial aid calculators are more of a hindrance than a help to college students.” Came and gone: Sophomore tailback Dillon Baxter has left the program to focus on academics. sports 16 lifestyle 7 opinion 4 weather Mostly Sunny hi 69 lo 50 today tomorrow Sunny hi 74 lo 52 By Francesca Bessey Daily Trojan The Obama administration an-nounced Tuesday it is proceeding with a new “Pay As You Earn” pro-posal that would reduce monthly payments for more than 1.5 million college students who currently owe money on student loans. The proposal will cap college stu-dents’ monthly loan payments at 10 percent of their discretionary in-come. Students would also be forgiv-en the balance of their debt after 20 years of payments. This is an expedited version of a measure planned for 2014 in which all borrowers will be able to similarly reduce their payments. Current law limits borrowers’ pay-ments to 15 percent of their discre-tionary income and forgives remain-ing debt after 25 years of consistent payments. “In a global economy, putting a college education within reach for every American has never been more important,” President Barack Obama said, regarding the proposal. “But it’s also never been more expen-sive. That’s why today we’re taking steps to help.” Additional measures are also be-ing taken to improve the way bor-rowers can manage their money. As part of the Know Before You Owe project, the Consumer Financial Protection Bureau released Monday a Financial Aid Shopping Sheet. This sheet will help students easily compare financial aid packages of-fered by different institutions. It also makes the total long-term costs of student loans clear to students be-fore they choose to enroll at a specif-ic college. The United States Small Business Administration and the Young Entrepreneur Council, meanwhile, have each launched programs to help young entrepreneurs with their fed-eral student loan obligations. The YEC will invest $10 million to pay the remaining student loan obligations of young entrepreneurs across the country. Pay As You Earn is part of a larg-er series of executive actions to strengthen the American economy, Obama said. Obama proposes ‘Pay As You Earn’ The program will forgive students of their college debt after 20 years of payments. White House By David Lowenstein Daily Trojan At 2100 with two hours left on the clock and three given points left to find, a group of USC MS1 cadets on a mission trample through the night with nothing but a compass, pace count, red light and a couple weeks of training to find three out of five small metal poles with a small white placard located more than a mile away from each other. It is their first exposure to what life with the Army Reserve Office Training Corp’s Trojan battalion will be like. An MS1 cadet, a first-year member of the Army ROTC program, pulls off to the side to rehydrate while another MS1 redraws their route using the military grid reference system. This is their final test of the night, a chance to show the senior cadets, MS4s, what they have learned. The fall training exercise is not just weekend training, it is a time to set aside the distractions of school and become the leader the U.S. Army expects them to be. The MS1 cadets, typically freshmen, were not unaccompanied. An MS4 cadet, the equivalent of a senior or a last-year graduate student, accompanied the five MS1 cadets providing them with advice, such as reminding them that hills and uneven terrain alter their pace count and to use a back azimuth, an angular measurement, when they cannot locate the point. The MS4 cadet helped the MS1s locate two of their five points and then let them attempt to find the others USC cadets complete fall Army ROTC training MS1 cadets were helped by MS4s, senior cadets, during the Army ROTC’s fall training exercise. Military Kristy Pyke | Daily Trojan Teamwork · Tyler Tyburski, a junior majoring in international relations, carried a wheelbarrow across a wooden plank during the field leadership reaction course. Jennifer Schultz | Daily Trojan Hoops of fun Hailey Logan, a freshman majoring in biological sciences, hula hoops at Hoopnotica’s Hoop Jam, held Monday in the Lyon Center. The Hoop Jam taught students the basics of Hoopnotica’s, a hula hoop aerobics program, and was part of the Pac-12 Best of the West Fitness Challenge, a weeklong fitness competition among Pac-12 schools. | see ROTC, page 2 | |
