Page 10
Senate Passes Allocations
The Senate meeting last
Wednesday focused on many
important issues, including
constitutional amendments
and budget allocations.
An amendment suggested by
David Hooks proposing that
students on the Faculty
Committee (1) have a 2.0 QPA,
(2) be full-time students, and
(3) petition to the Chairperson
to run for a position on the
committee if they are part
time students, was passed.
The Budget Committee
granted $200.00 to the Cheer
leaders and $200.00 to the
Coalition for Liberation
through Non-Violence. These
requests were approved by the
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Senate. It was also reported
that Fred Hunt did not accept
the $200.00 for the seminar
entitled "Black Experience"
to New Orleans.
The constitution was
amended so that any exception
to constitutional policy must
be approved by a three-fourths
vote of the Senate. Another
proposal to the By-laws states
that Senators have a 2.0 QPA.
This proposal, suggested by
Amie Fort, was passed.
Lisa Rice volunteered to
serve on the Food Committee,
but there are still positions
available. There is also a
position available for any
student wishing to serve on
the Administrative Computer
committee.
And finally, the Women's
Coalition constitution was
passed after two requested re
visions were made.
Senate meetings are held on
Wednesday night at 7:30 p.m.
All students are invited to
attend.
II
CARE
HOLIDAY GREETING CARDS
RRING JOY TO THE WORLD...
BRING JOY TO HER.
*
A holiday donation to CARE may
be the most important gilt you
give ail season the Gift of Life.
The $2 minimum donation per
card will serve 12 hungry children
in a developing country a daily
bowl of nourishing porridge for a
month. See how far your dollars
will go when you send these at
tractive greetings! They tell your
loved ones that you have given in
their honor.
You can order cards or send a
personal contribution to
CARE, Inc.
2581 Piedmont Rd., N.E.
Rm. 23-A
Atlanta, Georgia 30324
Guilfordian
Bankruptcy Doesn't Pay
Do you have a student loan?
Are you thinking about getting
one? Glamour Magazine's
More For Your Money
colunist, Barbara Gilder
Quint, has some important
facts you should know regard
ing loan payments and
bankruptcy.
In 1975, Ann graduated
from her state univeristy with
a master's degree in education,
lots of confidence and
$7,500 in debts she had
accumulated during her last
five years of schooling. She
quickly discovered that there
were no jobs for high school
French teachers, and that she
was either over-qualified or
unskilled for any other available
jobs. Her best opportunity,
it seemed, was as a $5,500-
a-year clerk in an insurance
office a far cry from the
$9,000 she had counted on as
a teacher. To top it off, she
received the first monthly bill
of s9l for repayment of her
college loans.
Unwilling to face ten years
of repaying a loan with only
meager earning prospects, Ann
declared bankruptcy that is,
she went to court, told the
judge she was unable to pay
her debts, and asked to have
them legally cancelled.
Under bankruptcy law, which
varies somewhat from state to
Cancer is
often
curable.
The fear
ofcancer
is often
fatal.
If you're afraid of
cancer you're not alone
But some people are so afraid
that they won't go to the
doctor when they suspect
something's wrong
They're afraid the
doctor might "find some
thing" This land of fear can
prevent them from discover
ing cancer in the early stages
when it is most often curable
These people run the
risk of letting cancer scare
them to death
¥•
American Cancer
Society
state, a person declaring bank
ruptcy must turn over most of
her assets to be distributed
to her creditors in Ann's
case, this was the $65 in her
savings account. She handed
over the $65 and left the
courthouse legally free and
clear of her $7,500 debt for
ever.
From 1974 to 1976, 12,300
former students filed similar
bankruptcy claims totaling sls
million borrowed through
varidus government-funded
loan programs. Is bankruptcy
a sensible step if you are con
fronted with heavy college
debts that your budget can't
accommodate?
If you go through bank
ruptcy, you should remember
that a report of your bankruptcy
remains on your credit bureau
file for fourteen years. This
means that every time you
apply for a charge account,
bank loan or mortgage, the
prospective lender will read
about your bankruptcy. Some
creditors may take into
consideration the special
circumstances surrounding
your action (and by law you
can write your own explana
tory statement have it placed
in your credit report), but
nevertheless, you may have
Artists' League to Sponsor Contest
The Greensboro Artists'
League is sponsoring a Fall
1977 competition for its
Exhibiting members. Art
pieces are on display in the
downstairs galleries of
Founders Hall until Nov. 5.
The art work has been
judged by Milton J. Block,
Director of the Mint Museum
of Charlotte, North Carolina.
Best in the show, and a prize
of SIOO.OO was awarded to
M
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■ a paramount picture
INCORPORATED
November 1.1977
trouble getting credit for a
long time to come.
Bankruptcy is a last resort
for those clearly in a position
in which they will never be
able to repay their debts and
carry on with their life; it is
not meant for young men
and women who find it temp
orarily inexpedient to meet
debt repayments.
All government loan
programs encourage former
students who are having
trouble repaying educational
loans to apply to their bank or
college lenders for "forbear
ance" the term which is
used when you ask an insti
tution to change the terms of
your loan to make it easier for
you to repay. For example,
if you are scheduled to repay
your loan in ten years with
minimum payments of S3O a
month, you can ask the bank
to reduce your monthly
payments to a more manage
able level by spreading out
payments over a longer
period of time. Also note
that new 1976 laws specifically
provide for deferment of re
payments for up to twelve
months during any one period
when you are unemployed and
looking for full-time work.
Lynn Johnson for her acrylics
painting, Spectrum 11. Sue
Windham won 2nd place and
$50.00 for her watercolor,
In the Grand Tetons, and 3rd
place, along with $25.00, went
to Stephen G. Herman for his
watercolor and egg tempra
painting, Blackberries and
Beehives. The awards were
presented at a reception
held October 27 by the
Greensboro Artists' League
honoring winners and exhibit
ing artists.
Most of the paintings and
art pieces are on sale, ranging
in price from $15.00 to
$1200.00 The quality of work
exhibited by the Greensboro
Artists' League has been up
graded by a recent change in
policy. Members must now
have their work judged for
originality and quality of
execution,
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