Tue07222014

News

Q&A with Anne Wojcicki: 23andMe founder, local resident discusses Los Altos investments

Q&A with Anne Wojcicki: 23andMe founder, local resident discusses Los Altos investments


Anne Wojcicki

For the past several years, Anne Wojcicki (Wo-JIT-skee) has been quietly involved in efforts to spruce up downtown Los Altos. She and her husband, Google Inc. co-founder Sergey Brin, helped form Passerelle Investment Co., which own...

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Schools

Foothill fall registration opens Monday

Local residents interested in earning a specialized career certificate, associate degree or updated job skills can enroll beginning Monday when Foothill College opens fall registration.

In addition to its continuing-education courses, the college pr...

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Community

Horse show this Sunday in Los Altos Hills

The Los Altos Hills Horseman’s Association will be hosting a summer schooling show this coming 8 a.m. to 3 p.m. Sunday (July 27) at the Los Altos Hills Town Arena on Purissima Road.  Equestrians and spectators are welcome. Activities include jum...

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Sports

Stewart accepts job as baseball coach at Los Altos High

Stewart accepts job as baseball coach at Los Altos High


Los Altos High administrators offered Gabe Stewart the job of head baseball coach at Los Altos High even before he could apply for it.

“They approached me – they wanted an on-campus coach,” said Stewart, an AP History teacher at ...

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Comment

A good start – now follow through: Editorial

The recent announcement of a five-year agreement between the Los Altos School District and Bullis Charter School is welcome relief for the entire community. After years of dispute and litigation, the pact is nothing short of a minor miracle.

Among t...

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Business

In the business of fostering business

In the business of fostering business


took over as Los Altos’ new economic development coordinator in May after spending the past two years working as city assistant planner. Ellie Van Houtte/ Town Crier

Sierra Davis is wearing a slightly different hat these days as a Los Altos cit...

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Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

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People

GORDON E. BRANDT

GORDON E. BRANDT

In May of 2014, Gordon E. Brandt passed away after a one and one half year battle with Lymphoma. He died peacefully at home, surrounded by his family.

Gordon was born in Los Angeles, CA on July 13, 1930. He graduated from Fremont High School in 19...

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Travel

British Columbia: Richmond, Steveston, Victoria hold surprises

British Columbia: Richmond, Steveston, Victoria hold surprises


Courtesy of Tourism Richmond
Shops, restaurants and museums dot the boardwalk in British Columbia’s Steveston, a great site for strolling.

Picturesque British Columbia has long been on our bucket list, and we recently fulfilled that dream.

We...

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Stepping Out

LA Youth Theatre, LA Stage Company join forces for 'Oz'

LA Youth Theatre, LA Stage Company join forces for 'Oz'


Joyce Goldschmid/Special to the Town Crier
The cast of “The Wizard of Oz” includes, clockwise from top left, Dana Levy (as Tinman), Rebecca Krieger (Cowardly Lion), Sarah Traina (Scarecrow) and Osher Fein (Dorothy).

Los Altos Youth Theatre and L...

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Spiritual Life

Stanford students study religion through campus artifacts

The inscriptions inside Memorial Church, the death mask of Jane Stanford and the nod to the Egyptian ankh symbol formed by Palm Drive and the Stanford Oval all have one thing in common: Each was a topic of discussion for the students enrolled in a un...

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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Foothill student loan rate drops under U.S. Senate act


Ellie Van Houtte/Town Crier
Foothill College students can breathe a sigh of relief after the U.S. Senate voted to lower interest rates on federal student loans.

Foothill College students with federal loans can breathe a bit easier after the U.S. Senate passed legislation to lower interest rates July 24.

The action affects borrowers who have taken out or will take out a new federal student loan after July 1, according to a Senate statement. The bill goes to the House of Representatives for a vote in August.

Students with Stafford loans, usually from lower- and middle-class families, had faced a doubling of interest rates from the previous 3.4 percent to 6.8 percent, effective July 1, when the U.S. House of Representatives failed to take action.

The Senate bill, the Bipartisan Student Loan Certainty Act, garnered support from Republicans and Democrats.

“This bipartisan compromise puts in place a sustainable, market-based solution that ensures access and affordability for students seeking to improve their lives through higher education,” said Richard Burr (R-NC), who introduced the bill with senators Joe Manchin (D-WV), Angus King (I-ME), Tom Coburn (R-OK), Tom Carper (D-DE), Tom Harkin (D-IA), Lamar Alexander (R-TN) and Dick Durbin (D-IL).

“The act essentially ties interest rates to fluctuations in the market, allowing students to take advantage of historically low rates while ensuring that taxpayers will not have to foot the bill for arbitrary rates set by Congress,” Coburn said.

The new legislation lowers interest rates for undergraduate students – accounting for two-thirds of all loans – to 3.86 percent. It includes a cap, with undergrads paying up to but no more than 8.25 percent, no matter how the market performs. The loans are set to the U.S. Treasury’s 10-year borrowing rate.

Local reaction

“My initial read is that is it good for current community college students, who will likely be moving on prior to the readjustment in 2015,” said Kevin Harral, director of financial aid at Foothill College. “The big deal about it is the speed of readjusting that could happen after 2015. As a student advocate, it is hard to say it’s a good deal if it rapidly increases up to the cap within a year or two after 2015, unless the cap is appropriately set. However, these federal programs must be funded and, yes, it is partially off the interest collected from students.”

Still, Harral agreed that the act is a better solution than the previous stop-gap measures – or no action at all.

“Loans are a necessary part of paying for education for many of Foothill College’s upper-, middle- and low-income families,” he said, “and I would much rather there be a reasonable increase (or annual fluctuation) in rates, in step with our overall economy … than the loan program be eliminated or dismantled.”

Harral added that something needs to be done to stabilize the program and prevent eleventh-hour scrambling.

“Even if this deal sunsets in some future year, the topic seems to be rarely discussed until it is about to impact students and a larger solution needs to be compromised on,” he said. “I would love to see a more thorough discussion on the rates, but this deal is something – and better than what happened on July 1.”

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