Wed11262014

News

VTA plans for  El Camino Real prompt skepticism

VTA plans for El Camino Real prompt skepticism


Ellie Van Houtte/Town Crier
A Valley Transit Authority proposal to convert general-use right lanes on El Camino Real to bus-only use received a chilly reception last week.

A Valley Transit Authority proposal that prioritizes public transit alo...

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Schools

MVHS students attempt Guinness World Record

MVHS students attempt Guinness World Record


Barry Tonge/Special to the Town Crier
Local residents participate in an attempt to break the Guinness World Record for making the most friendship braceletsNov. 9 at Mountain View High.

More than 300 Mountain View High School students gathered around...

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Community

Bigger, better days ahead for Foothill Veterans Resource Center

Bigger, better days ahead for Foothill Veterans Resource Center


Student veterans at Foothill College can seek support, access resources and socialize at the Veterans Resource Center.
Ellie Van Houtte/Town Crier

Carmela Xuereb sees bigger things in store for the Foothill College Veterans Resource Center. One...

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Comment

Serving those who served us: Editorial

“Thank you for your service” often comes across as lip service to our veterans. As always, actions speak louder than words.

The Rotary Club of Los Altos has taken plenty of action, contributing time and money to improve opportunities for veterans th...

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Special Sections

NASA, Google agreement preserves Hangar One

NASA, Google agreement preserves Hangar One


Bruce Barton/Town Crier
Hangar One, pictured here last January, will be restored under an agreement between Google and NASA.

NASA and Google Inc. forged an agreement last week that allows Google to lease a portion of NASA’s historic Moffett Fede...

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Business

Report: Los Altos homes priciest in U.S.

Report: Los Altos homes priciest in U.S.


ToWn Crier File Photo
The average cost of a four-bedroom, two-bathroom home in Los Altos is 30 times more than the price of a similar home in Cleveland, according to a Coldwell Banker report.

The average cost of one Silicon Valley home can purchase ...

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Books

Children's author signs books at Linden Tree

Children's author signs books at Linden Tree


Author Tiffany Papageorge is scheduled to sign copies of new her book 11 a.m. Dec. 6 at Linden Tree Books, 265 State St., Los Altos.

Papageorge’s “My Yellow Balloon” (Minoan Moon, 2014) is a Mom’s Choice “Gold” winner. In the book, the Los Gat...

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People

RICHARD CAMPBELL WAUGH

RICHARD CAMPBELL WAUGH

Richard Campbell Waugh of Los Altos Hills, Ca. died at home October 31, 2014 surrounded by his family and caregivers.

Dick was born 1917, in Fayetteville, Arkansas. He earned a BS in chemistry from University of Arkansas and a PhD in organic chemi...

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Travel

Weekday Wanderlust highlights the joys of armchair travel

Weekday Wanderlust highlights the joys of armchair travel


Dan Prothero/Special to the Town Crier
Travel writers at the October gathering of the Weekday Wanderlust group include, from left, James Nestor, Kimberley Lovato, Paul Rauber, Marcia DeSanctis and Lavinia Spalding.

Travel writing should either ̶...

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Stepping Out

Pacific Ballet's 'Nutcracker' opens Friday in downtown Mtn. View

The Pacific Ballet Academy is back with its 24th annual production of “The Nutcracker,” scheduled this weekend in downtown Mountain View.

The story follows young Clara as she falls into a dream where her beloved nutcracker becomes the daring prince ...

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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Hikes in student-loan interest rates concern Foothill College officials

As lawmakers bicker, Foothill College students face the prospect of higher loan rates.

After the July 1 deadline expired, students applying for federally subsidized Stafford Loans face interest rates that have doubled from 3.4 to 6.8 percent for the 2013-2014 year.
    Federal lawmakers are working to lower the interest rates, which many Republicans and Democrats agree are too high, but partisan bickering over how to address the matter leaves no solution in sight.
‘Disappointing outcome’
    That doesn’t sit well with officials in the Foothill-De Anza Community College District, whose low- and middle-income students benefit from such loans.
    “It saddens me that Congress did not maintain the 3.4 percent on student loans at this time,” Foothill College President Judy C. Miner said. “The economy has yet to recover fully enough to benefit the most recent
college graduates, and underrepresented communities show even more of an economic gap.”
    Kevin Harral, Foothill’s director of financial aid, added, “The doubling of the Subsidized Direct Loan interest rate is a disappointing outcome to say the least. At this time, there does not seem to be much momentum to get it back down in the short term, but hopefully our elected officials are hammering out a long-term solution for student-loan interest rates.”
    The good news, however, is that Harral does not expect an immediate impact on students borrowing money to attend Foothill.
    “The unsubsidized interest rate has been 6.8 percent for several years, and the dollars borrowed last year are almost the exact same as dollars borrowed from the subsidized program, despite the significant interest-rate difference,” he said.
    Harral reported 1,400 borrowers of $2.26 million in unsubsidized loans, compared with 700 borrowers of $2.33 million in
subsidized loans.
    “The interest rate is not front and center for most students,” he added. “Even when told the rate, the impact is often a bit abstract until they go into repayment, often years down the road.”
    The Republican-controlled U.S. House of Representatives passed a bill requiring that interest rates reflect the condition of the economy. The U.S. Senate last week considered a move to restore the 3.4 percent interest rates on the Stafford loans for one year.
    “There is some dissension among the Democrats regarding what to do. Republicans are not the only ones holding it up,” said Howard Myers, president of Conservative Forum of Silicon Valley. “Many Republicans want to tie the student loan rate to an index and some Democrats don’t want to give up the revenue.”
    “I think most people are not averse to the rate being able to adjust up and down in reasonable increments, as it was set up to do just about a decade ago,” Harral said. “But the fact that this rate just doubled, and really much more quietly than it was going to last year, when other lending rates are still very low and the economy is still depressed, just doesn’t seem reasonable.”
Local impact
    Rep. Anna Eshoo (D-18th District), who represents Los Altos, Los Altos Hills and Mountain View, estimated that approximately 8,500 students in her district have taken out low-interest loans.
    “If they’re just starting out, the double rate applies,” Eshoo said. “If the student’s in the middle of loan, it does not need to be renegotiated. Interest rates are fixed for the life of the loan.”
   Eshoo said she found it “befuddling” that the Stafford interest rates were allowed to double. As a result, she added, students could pay nearly $2,000 in interest.
    “Our society and nation cannot secure its own future unless we have an educated population,” the congresswoman said. “Instead of creating a plus and a win, this represents a subtraction sign.”

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