LehighWeek Volume 05, Issue 16

              W-* t %r-%  *"*-»-%
™ "-^rentage Lowest in 22 Years:
pinion in Aid Being Offered
By cutting costs and reallocating some of
the savings tbracademic programs. Lehigh
University will strive to improve educa-
■^MMMBBBBj^^H   t'iOIVJl (.] II U I i 1 \'
while holding
next year's tuition
increase to 6.7
percent, the lowest percentage in-
^^■^■■■^^^^M crease in 22 years.
At its quarterly meeting Friday (1/17).
Lehigh's board of trustees approved the
6.7%
Tuition Increase
tuition increase, from $ 15.650 this year to
$16,700 for the 1992-93 academic year.
To offset tuition increases for many
students. Leh igh i n recent years has stepped
up its scholarship fund-raising. The university expects to spend nearly $17 million on financial aid next year, up from
$14.3 million this year, an average of
$ 12.830 per aided student. Lehigh guarantees to meet the full financial need of all
regularly admitted U.S. students or permanent residents.   Half of Lettish's stu
dents receive some form of aid.
"To compete for the best students, we
have to offer an education superior to our
lower-priced competitors." said Peter
Likins. Lehigh president. "We also must
keep our costs down and raise as much
money for scholarships as we can. so the
price our students actually pay doesn't
become too much more than those lower-
priced institutions. In other words, we
face the same challenge as the rest of
continued on page 2
LEHIGH Snapshots
Lehigh facts you might not know
New low for tuition increase
Lehigh will increase
tuition by 6.7 percent in
1992-93, the lowest
percentage increase in 22
years. Since 1988, when
i Lehigh began its resource
\management process,
tuition increase
percentages have
declined steadily.
16.70%
-93
Academic years
Source: Budget office
By ROBERT YUNG'95
Vol.5, Issue 16
Lehigh University, Bethlehem, Pennsylvania
January 21,1992
Lehigh Basketball
in League Play
2 Wins and 1 Loss
See South Mountaineer
Lehigh Offers
Master's in
Chemistry by
Satellite
2
Walt Keiper
Enjoys Being
Locked into
Lehigh Life
9
The President's
Perspective on
Paying for
Education
Left Photo: Dozie Mbonu '92, presents a
formidable obstacle to his Fordham adversary.
Lehigh wins 65-63.
Credit Checks Loom for Some
Financial Aid Students
by KURT PFITZER
Lehigh University Writers' Group
Will college students be affected by
recent revisions to the guaranteed
student loan program? At Lehigh,
that depends on whom you ask.
Under a law signed in November by President Bush, college students 21 and over must undergo a
credit-history check if they apply
for need-based, low-interest
Stafford loans. Those judged to be
bad risks must find creditworthy
cosigners in order to qualify.
Approximately 1.550 Lehigh students are on Stafford loans, whose
interest is subsidized by the federal
government and whose repayment
is guaranteed by the states. As these
students reach 21. they will oe subjected to credit checks if they wish to
renew their loans.
Lehigh financial aid director
William E. Stanford said students
who have defaulted on credit card
payments could have trouble renewing their loans in the spring.
Lehigh students estimated that
continued on page 2
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