Tue10212014

News

Campaign finance reports show lots of loans, few outliers

Campaign finance reports show lots of loans, few outliers


Ellie Van Houtte/ Town Crier
Campaign yard signs are just one expenditure for candidates during election season.

Election finance filings are in, and Los Altos appears to be hosting a few financially lopsided races.

Read more:

Loading...

Schools

Three Los Altos schools earn National Blue Ribbon designation

Three Los Altos schools earn National Blue Ribbon designation


Ellie Van Houtte/Town Crier
Bullis Charter School students wear their school spirit clothing to greet their mascot Oct. 3 in celebration of being named a National Blue Ribbon School.

Blach Intermediate, Egan Junior High and Bullis Charter schools ea...

Read more:

Loading...

Community

Sports

Spartans run wild(cat) on Eagles

Spartans run wild(cat) on Eagles


Ellie Van Houtte/Town Crier
Mountain View High running back Austin Johnson goes for a big gain after evading Los Altos High defensive tackle Phil Alameda in Friday’s game. Johnson scored two touchdowns for the Spartans.

After unveiling its wildc...

Read more:

Loading...

Comment

Logan, McClatchie, Peruri for LASD board: Editorial

This is a crucial time for the Los Altos School District. Its leadership faces the challenge of balancing enrollment growth versus maintaining the small, neighborhood schools that make it a very popular district to attend. The district must also adap...

Read more:

Loading...

Special Sections

City's minimum-wage hike earns mixed reviews: Raise to $10.30 an hour meets with approval – and concern

City's minimum-wage hike earns mixed reviews: Raise to $10.30 an hour meets with approval – and concern


Ellie Van Houtte/Town Crier
Tandava Waldon, left, manager of East West Bookstore on Castro Street in Mountain View, works with a customer. Waldon said the recently approved minimum-wage hike will have little impact on his business. “It’s not such a...

Read more:

Loading...

Business

Delay Social Security? An easy way to decide

One of the most heatedly debated questions regarding Social Security is when to start.

You have the option of initiating benefits as early as age 62 or as late as age 70. The longer you wait, the larger the monthly payment you will receive over your...

Read more:

Loading...

Books

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book


Ellie Van Houtte/Town Crier
Mimi Sommers, who works at a Los Altos dentist’s office, recently wrote a children’s book.

A local dental hygienist recently published a book that aims to ease parents and children during a sometimes anxious e...

Read more:

Loading...

People

SUZANNE MONICA DIMM SPECHT

SUZANNE MONICA DIMM SPECHT

Suzanne Monica Dimm Specht passed Tuesday, Sept. 9th at the age of 84. Sue was born on April 21, 1930 in Portland, Oregon. After graduating from the University of Oregon in with a degree in Music, Sue taught in a little town called Clatskanie, Oreg...

Read more:

Loading...

Travel

Los Altos resident's visit to North Korea proves enlightening

Los Altos resident's visit to North Korea proves enlightening


Courtesy of Sally Brew
North Korea is home to many monuments honoring its “Dear Leaders,” left.

In August, I traveled for 11 days with MIR Corp. to North Korea, a fascinating country that is almost completely cut off from the rest of the world. ...

Read more:

Loading...

Stepping Out

'Trovatore' takes the stage in Palo Alto

'Trovatore' takes the stage in Palo Alto


Courtesy of José Luis Moscovich
West Bay Opera’s production of “Il Trovatore” is slated to open Friday night in Palo Alto and run through Oct. 26.

West Bay Opera’s production of “Il Trovatore” (“The Troubadour”) is scheduled to open this weekend...

Read more:

Loading...

Spiritual Life

Magazine

Local events add color to autumn calendar

Local events add color to autumn calendar


Van Houtte/town crier Visitors make their way through the Children’s Alley.

As Los Altos’ signature Chinese Pistache trees exchange their summer green for vibrant hues of yellow, orange and red in the fall, an abundance of local events also ad...

Read more:

Loading...

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.”

Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos