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Friday September 1, 2000

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UA students affected by Stafford Loan changes

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Some UA students did not receive their financial aid on time, partly because the Department of Education changed the application system for the Federal Stafford Loan in order to improve the financial aid system.

The new process to receive a Stafford Loan now includes an online system, where students - after receiving their financial award letter - are required to select their loan amount by a click of a button, said John Nametz, UA student financial aid director.

The next step is to sign a one-time promissory note for the academic career at the University of Arizona, and lenders automatically send the loan to the students' bursar accounts.

Some students, who did not receive their financial aid days after school started, were hit by the new system.

Friday September 1, 2000 Quotable:

"Unless someone stops it, the snowball will turn into an avalanche and you'll have the same impact you had before. This bill suffered the inevitable fate of a snowball in August."
-President Bill Clinton on his veto of the estate tax

In 1807, former U.S. Vice President Aaron Burr was acquitted on charges of plotting to annex Spanish territory in Louisiana and Mexico to be used toward the establishment of an independent republic.

In 1836, the first American settlement in northern Oregon Territory was established by Dr. Charles Whitman and his wife, Narcissa, near present-day Walla Walla, Wash.

In 1950, a new chapter in Porsche history began today, with the company's return to Zuffenhausen, Germany, and the completion of the first Porsche.

In 1983, Korean Airlines Flight 007 was flying from New York to Seoul when it strayed into restricted Soviet airspace over Sakhalin Island in the Sea of Japan. Soviet authorities attempted to first contact and then intercept the aircraft, and failing in this, a Soviet fighter was ordered to shoot it down.

In 1985, seventy-three years after it sunk to the North Atlantic ocean floor, a joint U.S.-French expedition located the wreck of the R.M.S. Titanic four hundred miles off the coast of Newfoundland, Canada.

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