Sun03012015

News

North Bayshore proposals due today

The City of Mountain View is receiving North Bayshore development proposals today. Applications may be made until the deadline at 5 p.m.

All submissions will be available for viewing March 2 at the Community Development Department counter in City Ha...

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Schools

Former NFL player huddles with Blach students about life choices

Former NFL player huddles with Blach students about life choices


Ellie Van HOutte/Town Crier
Former NFL tight end Eason Ramson visited with Blach Intermediate School students, Feb. 13 to share the perils of drug use. Now a motivational speaker, Ramson works with at-risk teens in San Francisco.

Although former ...

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Community

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show


Courtesy of Bev Harada
Chi Am Circle members, from left, Gerrye Wong, Sylvia Eng, Pearl Lee and Muriel Kao flank Larry Chu Sr. at the Jan. 31 event honoring the club’s 50th and Chef Chu’s 45th anniversaries.

Chef Chu’s restaurant in Los Altos ho...

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Comment

Freedom's just another word: No Shoes, Please

It used to be that the word “freedom” held exclusively positive connotations for me, but now it’s really become a mixed bag. It all started in 2001 when President George W. Bush asked the question he felt was on the minds of most Americans regarding ...

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Special Sections

Filoli in bloom: Historic estate hosts  classes, events and tours

Filoli in bloom: Historic estate hosts classes, events and tours


Ellie Van Houtte/Town Crier
Scenes from Filoli: The historic estate in Woodside is a welcoming sanctuary for visitors. The grounds offer a rotating display of seasonal flowers, a tranquil reflecting pool and paths that wend through the 16-acre Engl...

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Business

Stock volatility still confusing

The market opened down more than 100 points Friday but by noon rose more than 130, the form of volatility that quickly draws investors’ attention. By week’s end, the Standard & Poor’s 500 index and the Dow Jones industrial aver...

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Books

French novel

French novel "Hunting and Gathering" offers character-driven suspense


Anna Gavalda is a well-known author in her native France, where she has published six books, most of which have met with considerable praise and commercial success. Her fourth novel, “Hunting and Gathering” (Riverhead Books, 2007), is filled ...

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People

CHRIS A. KENISON

CHRIS A. KENISON

Feb 13, 1945-Feb 6, 2015

Resident of Los Altos

Chris was born in Georgia and moved to Oklahoma as a young child. He grew up there and moved to California in 1965. He developed a strong work ethic from his grandparents and parents. He attended the...

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Travel

Seoul of the city: Korean capital offers mix of old and new

Seoul of the city: Korean capital offers mix of old and new


Ramya Krishna/Special to the Town Crier
Seoul’s Cheonggyecheon public recreation space, above, features an elevated pedestrian bridge.

Seoul, South Korea, is a study in contrasts. Having grown quickly, the city is a mix of old and new.

Using...

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Stepping Out

'Park' in the hills

'Park' in the hills


courtesy of Foothill Music Theatre
Dot (Katie Nix) imagines her dream job as a follies dancer in the Foothill Music Theatre production of “Sunday in the Park with George.” The play runs through March 8.

Foothill Music Theatre’s production of “Su...

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Spiritual Life

Is your thought life sabotaging your spiritual journey?

My computer started having problems – there seemed to be some sort of malware running in the background. At first it was just annoying, then it began to slow down my computer, interfering with its basic operations. What is it doing? Why can...

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Magazine

Local events serve up family fun

Local events serve up family fun


Courtesy of Peninsula Youth Theatre
Peninsula Youth Theatre’s production of “Pecos Bill: A Tall Tale” is slated to open March 20 in Mountain View.

For families seeking a break from the daily routine, events abound this month and next in Los Alto...

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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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