The gamecock. (Columbia, S.C.) 1908-2006, February 04, 1985, Page Page 4, Image 4
Big Mac?, L
Mediui
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m Tea
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icious Big Mac sandwich,
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I' GAMECOCKS TO
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Wave after wave of students descen
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GET YOUR Si
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IRS may help
By College Press Service
WASHINGTON, D.C. ? The government
soon may resort to refusing to send
federal income tax refunds to students who
have defaulted on their financial aid loans.
The Department of Education is one of
tour federal agencies that recently asked the
Internal Revenue Service to help it collect
debts.
Former and current students owe the
government approximately $2.7 billion in
overdue student loans.
The department supplements its efforts to
recover the money by hiring private collection
agencies. But the agencies are getting
payments in only about 15 petccnt of the
cases tefcrred to them.
I he recovery rate will be dramatically
higher with IKS help, said Richard Hastings,
the directoi of mana^ment sen ices for the
department's student financial assistance
programs.
"Once people are aware that their taxes
will be seized, people will say 'You'ie going
to get me, so I'll come lorwaid and start pay
hreshman enrollment
By College Press Service
WASHINGTON, D.C. ? I'he number of
freshmen enrolled al U.S. colleges and
universities apparently declined by record
number last fall, a preliminary enrollment
report indicates.
The decline provides the most convincing
evidence to date of the beginning of (lie end
ol the bab> boom years in higher education.
I lie Association Council lor Policy
Analysis and Research, a coalition ol
Washington-hased higher education groups,
tound a modest two percent cniollment
decline in a prcliminar\ enrollment repoit
released late last month.
I ast \e;ir, the council's earh estimate was
about three percentage points high, sue
gesting the actual decline in the mini her ol
freshmen cm oiling may he as high as fi\e
peuent
41 air m
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collect loans *
nig,'" said Dallas Martin, executive director
of the National Association of Student
Financial Aid Administrators.
Hastings says about H2 percent of those in
default on National Direct Student Loans
and Guaranteed Student l.oans usually get
federal income tax refunds.
"I expect we're going to he their biggest
iMiclnmnr novf ** lluctinov nl fhr?
IRS program. "This is going lo be an extremely
effective tool for us, and it will have
a strong deterrent effect as well."
Hut Martin is not convinced the new
strategy actually will produce a lot of money
for the federal treasury, because many
defaulters are disabled or unemployed.
Although default rates have leveled off or
declined slighlty in recent years, the dollar
amount outstanding has jumped because
more loans have been made.
About 10 percent ot the loans are in
default, and initial payment has been made
in :ih<inl wvrii ni-rci'iit ot I hose i"l\es. I 111'
average outstanding NDSI loan is SI,000.
11nstinjtis said.
drops nationally
The national student population fell V3
pet cent in I9K2 and 2.5 percent in the fall of
I98.V
"l-.ven with our inflated figures, we're getting
a decline," council research director
Janice Petrovich said. "Ii (the enrollment
drop as the hahy boom generation passes
through college years) is finally showing as a '
trend."
liarlier 111 llie school year, a number of
campuses lhat normally don't have I rouble
at tract ing students ? (ieorgia lech,
Missouri, I'enn State, I JSC and many community
colleges, among others ? leported
enrollment dtops.
I he mimbet ol college hound high school
graduates is expected to decline about five
percent each year through the decade.
*
SPRING
BREAK '85
Hast?
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nkee Trader
yyor
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spring}
BREAKERS J
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