The gamecock. (Columbia, S.C.) 1908-2006, September 24, 1986, Page 5, Image 5
? Money I
Wednesday, September 24, 1986 b
mmmmmmmmmmmmmmmnimm i i n immmmmm?THE C.T.irmrT i I
Student
By MARILYN HEMINGWAY
Money reporter
A little research can go a long
^ way to helping students face the
inevitable job interview after
graduation, according to a USC
administrator.
Rcscarch before an interview
can inform students about the
manner of dress, policies and
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^ Bill Bloom (loft), a personnel associt
possibilities in chemical engineering.
Student
Student It
9 By PATRICK JEAN
Money editor
Nearly four million students
have trouble getting student loan
association warned recently.
The interest rates that students
will rise and many banks may st<
loans if Congress approves a |
special government allowance t
making the loans, according to th
Association in Washington, D.C
CBA lawyer William Clohan
? lenders are in the Guaranteed 5
gram now. "Many banks may j
student loan business) completer
A provision, approved in Au
^enaie conierence commuiee,
Higher Education Reauthorizati
the special allowance banks get I
the GSL program.
To encourage banks to mak
fitable loans to students, the gov<
banks take an allowance amoun
S.C.'s econo
* but remains
South Carolina's economic ir
: i f,A.
UlLitlUn lldvx Kimunutu nui
their poor June showing.
"The saw-tooth pattern of th
indicators continues, with on
month of decline followed by on
month of improvement," sai
the September report, publishe
by USC's College of Busine:
Administration and the sta>
||| Employment S e c u r i t
Commission.
The state's total unemplo
ment rate remained below the n
tional rate, dropping 0.1 pcrcei
to 6.5 percent.
Textile and related emplo
mcnt fell for the second co
secutive month, with 1,20() jo!
lost in July.
However, proposed u
reforms are not favorab
towards some types of real esta
which boosted the indicators, tl
A report said.
W "Both residential and no
residential construction, whi
have played such an importa
role in the durability of tl
economic expansion, may
negative factors next year."
Residential c o n s t r u c t i <
declined 9 percent, and nc
residential construction plui
meted 53 percent after a lar
gain in June. Although the r?
of new construction remains a
W' solid level, this sector should
s face t
history of the company, said
Larry Saltcrs, director of career
planning at USC's Career Center.
Students will face an evaluation
of skills, education, and
wrirL pvni'ricncc
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"Students shouldn't ask about
salary, but about company expansion
or questions they found
during research," he said.
I M
III \
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ite at Kayser Roth Industries, talks to phi
Inan n.ri<
I VM W *
Dans may st(
higher than t
Treasury bills
nationwide may Congress, t
s soon, a bankers' ed budget la
however, havi
i pay on new loans five years,
ap making student The allowa:
proposal to cut a earlier this ye;
he banks get for according to
e Consumer Banks financial aid ;
When the
said about li.UUU "Congress w
itudent Loan pro- in," said Bill
ust get out (of the Lending Cenl
y." come in and I
igust by a House- Bannister s
in the proposed participating
on Act would cut allowance cut
for participating in As for out
banks have cc
e marginally pro- ing out of th<
:rnment had let the "The dep;
ting to 3.5 percent (because) it \
imv imoroves.
f I '
unpredictable
i- monitored closcly, since it h
n declined in four of the sev
months monitored so far tl
ie year, the report said,
le On the positive side, t
ie average manufacturing wo
d week rose 0.4 hours to 4(
d hours. Initial claims f
ss unemployment insurance fell
te percent after rising sharply
y junc, anu new uusmcss mu
porations rose 8 percent.
ya
On the negative side, the ra
nt of average weeks claimed to
sured employment, whi
y- measures the duration
n- unemployment, rose 0.1 perce
bs Non-farm job openings unfill
fell 5 percent.
ix Total non-agricultural empl<
le ment registered an increase of 2
,te jobs. Average weekly hours
hp manufacturing establishme
rose 0.9 percent, which transla
n- to a 1.1 percent jump in wee
ch earnings.
nt However, the report said ru
lis of the indicators suggest any fi
be damental change in the stal
short-term economic outlook.
"Because of the proposed
>n change and interest rate inc
>n- tives, consumers arc stepping
m- their purchases of new cars <
ge other durable goods. Whet
f hie will tnkr hwhv from il
t a year's growth will have to
be monitored," the report said.
he futui
Resumes should contain an objective,
education, work experience,
honor and awards, personal
data, interests and hobbies,
said Salters.
"Resumes should be short and
to the point," said Charlotte
Gentry, manager-counselor of
EMCOM, a Columbia job placement
service.
\
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losophy graduate Steven Bruce about job
sis?
>p if incentiv
he rate the government charges fo
he Gramm-Rudman-Hollings balanc
w and the Reagan administration
j reduced the incentives over the las
nee rate was reduced to 3.25 percer
ar and may be reduced to 3.0 percenl
John Bannister, director of studer
at USC.
GSI. program began 10 years age
as literally begging lenders to com
Kidwell of the National Education,
ter. "The incentives enticed them t
build improvements in the system."
aid no banks in South Carolina ai
in the GSL program, so the propose
would not affect in-state students,
-of-state students, Bannister said n
jntacted his office about possibly pul
: GSL program.
artment would like to see the ci
vould make the cost of operating U
II 111*1*
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STOR
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a i
ICXt
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e with j
If a grade point average is
detrimental for the student, it
shouldn't be included, Gentry
said. References can be listed as
available upon request or
available at a placement office
which a student may use.
Gentry said most employers
prefer women to wear conservative
dresses and men to wear a
jacket and tie, but never jeans.
"Looking professional is important
in an interview," said
Lynda Browne, a recruiter for
Florida Power and Light Co.
A student is protected during
interviews from certain questions
which are illegal to ask. Questions
about race, religion, creed
and national origin: havinc an ar
rest record; marital status; having
small children; or inquiring about
any handicaps relating to job performance
are illegal, she said.
Gentry said the employer can
ask questions about clubs or
organizations a person belongs
to, but not if it pertains to race;
any criminal record; and how any
military experience can relate to
the job.
Job areas with more demand
than candidates are business and
management, computer and information
sciences, engineering,
mathematics and physical
sciences, according to an article
by John Shingleton in the 1986
College Placement Council
Annual.
Jobs with more candidates
than openings are biological
sciences, communications, fine
and applied arts, foreign
languages, psychology and home
economics, the article said.
Students can take advantage of
such campus facilities as the
es cut, banke
r GSL program that much less. The
$3 billion a year, which does not
themselves," said a U.S. Departm
i, spokesman who declined to be ide
;t Students who already have Gu;
Loans probably won't feel the ]
it students who try to take out loans ?
t, reduction goes into effect will lit
it higher interest rates on the money
Clohan said the interest rate 01
), bably be 8 percent for the first foi
e reduction becomes law. "From fi
i\ will go up to 10 percent."
o For a student who holds $10,00
the raise in interest represents ai
e year, or about $17 per month, he
d Bannister said he doubted th
allowance reduction would cause
o USC. "The big banks, which usu
1- for out-of-state students, are not
this allowance reduction. 1 don'
it should affect even one student.
nif I * ...U ~ I
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Psychology senior ivey Durant discus:
national Playtex.
Career Center, and the Student
Employment and Cooperative
Education offices. The Career
Center offers workshops on
career objectives, resume writing,
job searching and interviewing,
irs' associati
total cost now is a small bank is
include the loans will no longer I
cnt of Education conic to tlie st
ntificd. find a new ban
arantecd Student The proposcc
pinch. However, Act is a sweepii
ifter the incentive to the growing
cely have to pay work study pro
they can find. issues involving
ii GSLs will pro- "The good ?
Lir years after the borrow more n
ve to 10 years, it have more to re
is a good, bad ?
0 worth of loans, said.
n extra $200 per Major debat
said. not be done un
iat the proposed elections are c
any problems at weeks in sessio
ally provide loans Congress and S
really upset about it until the nev\
t believe the cuts have it passed
Information
:tting a GSL from tributed to thi.
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BQBlHIBi ITEN
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JENNIFER STEIB/The Gamecock
tes the future with Handy Payne of Inter
according to its Career Placement
Guide.
Salters said students may tind
they have to make a personal
decision about taking drug tests
during interviews.
on warns
suddenly told by that bank that they
3C making loans, all he has to do is
udent financial aid office. We will
k for him," he said.
1 Higher Hducation Reauthorization
ng bill designed to provide solutions
problems of student loans, grants,1
grams, tuition rates, and many otheK
, colleges and money. Bannister said.
>ide is that students will be able to
toney. The bad side is that they will
pay at a higher interest rate. So there,
md indifferent side to all of this," he
c and work on (he act probably will
til after Jan. 1, Bannister said. "The
oming up, followed by only a few
n before Christmas break. They (the
ienate) probably won't really get into
t session in 1987. They'll be lucky to
by spring."
from College Press Service conv
article.
/I IN THE 1.
$5 GIFT 1
IN THE 1
HON BAY! I
SLACK, GREY, BLEACHED)'g.:
LONG SLEEVE SHIRTS ||
SUSPENDER PANTS I!