By Cherie Brower IStaff WriterI Money talks, and the federal court is now demanding answers from the financially floundering city of San Bernardino. Following the notorious municipal bankruptcy protection filing of 2012, San Bernardino has failed to produce a successful audit of its 2012-13 fiscal year. In the face of a $45 million deficit, an increase in costs, and a downward spiral in revenues, San Bernardino filed for Chapter 9 in 2012. A bankruptcy plan was set into place, with provisions to aid the city in regaining a footing on the forlorn financial outlook. It has now been over three years since the initial declaration and the City of San Bernardino has yet to produce a … [Read more...] about San Bernardino still in turmoil over bankruptcy
financial
Gas prices: Increasing or decreasing?
By Danni Ybarra |Staff Writer| “Get ready for $10 [per barrel of] oil” and a decrease in gas prices, according to Yahoo Financial. Yahoo Financial reports that the rise in U.S. oil production (due to hydraulic fracking and horizontal drilling) and output, as well as other factors such as more environmentally friendly cars, is lowering our demand for foreign oil and therefore putting a large strain on the global oil market and in turn lowering prices. These factors are what will likely help bring down the price per barrel to anywhere between $10 to $20, claims Yahoo Financial. However, some are not so convinced. Both NBC News and The Wall Street Journal report that gas … [Read more...] about Gas prices: Increasing or decreasing?
Students neglect FAFSA money
By Jorge Campos |Staff Writer| Millions of students who don’t file the Free Application for Federal Student Aid (FAFSA) miss out on thousands of dollars every year, according to Mark Kantrowitz, senior vice president and publisher of edvisors.com. U.S. high school graduates left about $2.9 billion in free federal grant money behind last academic school year by not completing their FAFSA. The U.S. Department of Education awards an average of $150 billion a year in grants, work study funds, and low interest loans to more than 15 million students, according to studentaid.ed.gov. However, in 2011-2012 an average of two million high school graduates did not file their FAFSA and in … [Read more...] about Students neglect FAFSA money
Financial aid website review
By Emmanuel Gutierrez |Staff Writer| The CSUSB financial aid website is too simple for its own good and potentially serves as a barrier to receive department guidance. The cost of attending higher education continues to increase. Receiving financial aid is becoming more and more crucial. “The website was kind of helpful, but calling the office and talking to someone was easier,” said CSUSB student Christen Jennings. “Put more info on the website so I won’t have to spend extra time on hold,” added Jennings. The information provided on the CSUSB financial aid website is thorough in covering topics such as applying for aid, Dream Act information, and links to student … [Read more...] about Financial aid website review
New scholarship will give more aid to students
By Devin Ramos |Staff Writer| The Middle Class scholarship will give relief to students and families that struggle to pay for tuition in California State Universities and Universities of California. The rising costs of attending college show that people are in need of a scholarship tailored specifically to their income bracket. The scholarship can cut tuition by 40 percent for families making under $100,000 and will also target DREAM Act students. A student must first complete an application for Federal Student Aid to automatically be considered for the scholarship. In my opinion, the process to be considered has been made simple for students to obtain money to help them … [Read more...] about New scholarship will give more aid to students
First time students and debt
By Daniel DeMarco |Assistant Features Editor| CSUSB graduates have the highest average student loan debt of any Cal State or UC in the state at $23,656, according to the website projectonstudentdebt.org. According to a previous article the Coyote Chronicle stated, “Sixty-one percent of CSUSB students graduate with student loan debt, which is 10 percent above the state average.” A reason that this is such an issue could be related to college students who are also the first in their family to attend college. Sid Robinson, who retired as the associate vice president of public affairs for CSUSB on Jan. 31, 2014 said, “About 70 percent of our graduates are the first in their families … [Read more...] about First time students and debt
Put money back in your wallet for 2014
By Erin Campbell |Staff Writer| Holiday spending takes a toll on our bank accounts. We overspend on gifts and lose sight of how we will rebuild our bank accounts. Simple tips and changes can help avoid money management stress and develop a more plentiful bank account. Taewon Yang and Greg Richey, advisors from the CSUSB Finance Department, suggest a strict budgeting method and a plan for spending that works best for students. After asking a few students about saving money, most of them didn’t know how to manage money and didn’t have a plan to build a savings account. To make the remainder of 2014 financially easier, I’ve thought of a couple tips that can help you save … [Read more...] about Put money back in your wallet for 2014
Coyote Karma encourages philanthropy
By Angela E. Rodriguez |Staff Writer| CSUSB is preparing for its first Coyote Karma event focusing on giving back to our campus and highlighting student unity. Coyote Karma will take place in front of the John M. Pfau Library Thursday, May 31 from 11 a.m. to 3 p.m. The Office of Student Leadership and Development and Associated Students Inc. are teaming up with the Department of Communication Studies’ public relations class to encourage students to donate to their campus. This event will feature different forms of entertainment such as live music by student bands and DJs. Coyote Karma will also offer food from many local vendors. “There’s going to be a lot going on, especially … [Read more...] about Coyote Karma encourages philanthropy
Budget Cuts Persist
by Lena Torres | Staff Writer | CSU Board of Trustees expect to impose severe slashes to the state of California’s funding for higher education despite Chancellor Reed’s denial of a plan that would raise tuition annually. The CSU system predicts there will be more financial difficulties in the 2012-13 school year. Chancellor Reed decided not to raise tuition, so officials must turn to other avenues to compensate for the possible cut. “As we approach this year, our strategy is to focus on additional revenues, including enrollment management strategies. We’ll examine our summer session fees and financial aid model to make sure we’re best serving students and generating necessary revenues,” … [Read more...] about Budget Cuts Persist
Murillo elected Chairman of the Board
By Omar Guzman |Staff Writer| CSUSB’s financial aid is in the hands of newly elected chair of the Edfund Board of Directors, Dr. Enrique G. Murillo Jr. Edfund is a non-profit public-benefit auxiliary organization that works alongside with California Student Aid Commission (CSAC) which administers all activities associated with participation in the federal student loan program. “My responsibilities and commitment are to maintain high quality, uninterrupted services for the groups we serve,” said Murillo. In August of 2010 the U.S. Department of Education selected Educational Credit Management Corporation (ECMC) to assume the responsibilities such as federal student loans. Now … [Read more...] about Murillo elected Chairman of the Board