Private schools consider consolidation

COLONIE - Parents and students voiced concerns at an open forum Wednesday night, about a proposal to merge Christian Brothers Academy and La Salle Institute.
"If I'm seeing my revenue decline, I get up and I do something about it! I get up and I find those students!" said CBA parent Tom McCormick.
Many of the parents have generations of students at the two schools, which have been around for 150 years. But because of declining enrollment, school leaders said they may have no choice but to team up.
"We were at a high about seven years ago of 650 kids and right now we're at about 430 boys. So, when you multiply that drop by about $8000 per student, it's a pretty substantial impact on your budget," said La Salle Board of Trustees Chairman David Slackrow.
Those numbers were laid out for the audience, as well as pros and cons of moving to each school. CBA is a newer facility but would need a bigger expansion to accommodate all students. Troy-based La Salle has a bigger campus with an older facility.
But for students we talked to, the rivalry of the schools was hard to overcome.
"i'm going to be negative here, if we were to merge to two schools, those schools would Iose their identity, " said La Salle senior David Masterson.
"We are the CBA Brothers. They are the La Salle cadets. We're the Brothers. They're the Cadets. And if you mix them, they're still gonna be them. We're still gonna be us," said CBA freshman Matt Burton.
School officials, graduates of the institutions themselves, said they know this could be an emotional move. But said they feel forced to consider it.
"If we didn't have to be talking about this right now, we'd probably prefer to remain competitive with each other," said Slackrow.
Trustees also said they wouldn't rule out the option of going co-ed.
They hope to make a decision on consolidation this Fall.

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Consolidating Private Student Loans

The stress of starting out in a new career is worsened when student loan payments demand a good portion of the graduate's income. Consolidating all private student loans into one allows borrowers to make one monthly payment, rather than several to different accounts.
Private student loan consolidation can offer several other benefits, depending on the graduate's situation.

Graduates May Qualify for Rate Reductions

After graduation, borrowers may qualify for a better interest rate than when the private loan was issued. This is especially true one to two years into a stable career, or if the borrower can find a co-signer with an excellent credit rating.
The new lender may offer a lower APR, or Annual Percentage Rate, for the consolidated loan. Depending on the interest rates for the initial loans, this can add up to thousands of dollars saved in interest over the term of the new consolidated loan.

Consolidating Simplifies Loan Repayment

Juggling four or five different student loan payments every month can add unnecessary stress. It can also be difficult to keep track of the principle and interest values of each loan. Borrowers who consolidate can choose a term from five to twenty-five years (or thirty, for graduate students), which rolls all of the loans into the new term. Graduates are usually able to negotiate a monthly payment lower than they had paid for all of the loans individually.

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In Ore. case, Supreme Court says public must pay for private special education

MEDFORD, Ore. -- The Supreme Court has used an Oregon case to issue a big decision for parents of children with learning disabilities.

In a 6-3 decision Monday, the Supreme Court ruled that parents of special education students who opt for private school instead of trying the public system cannot be barred from seeking public reimbursement for their tuition costs.

That favored parents of a teenage boy from Forest Grove whose parents sought to force their local public school district to pay the $5,200 a month it cost to send their son to a private school.

The teen has attention deficit hyperactivity disorder. The district never found the student eligible for special education, which is normally the first step in designing an individual education program. His lawyer says the student has since graduated from high school and is pursuing a college degree.

Medford School District officials say the decision could dramatically affect school budgets. They say previous rulings have required a student to first attempt programs within the district before going elsewhere.

"This ruling is saying the parent doesn't even have to try the services that are available in the school, in a public school setting. That they can just go to a private setting outside, which is usually significantly more expensive," said Julie York, Medford Director of Student Services.

York says district budgets could take a hit.

"We don't get funding currently to provide services that, we might say, would be the best we could do with what funds we have. So if your now going to add that parents can just choose to go to a private setting before looking at what a public school offers. That will change the funding and resources that each district has significantly," York said.

Southern Oregon Education Services District representatives hope the ruling will not stop active communication between the district and parents.

"There are many, many varied groups of services that can be put together for children, and districts do this every day. And it really is unfortunate that a court is saying you don't even have to try to get along. Parents are going to go over here and get something, and school districts, your obligated to pay for it," ESD Director of Special Education Services Sandra Crews said.

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Students Loan are Made Easier to Pay Off

RICHLAND, Wash. - If you're one of the many who have the burden of paying off expensive student loans, there's a new repayment option to help keep you from breaking the bank.
Senator Patty Murray announced Wednesday that a student loan repayment option will soon by available to students in Washington State and across the nation.
It's called the income based repayment plan or IBR. It allows students or graduates pay less on monthly loan repayments depending on how much money they make. This applies to new federal loans as well as existing loans.
The goal is to give students or graduates a break in this tough economy.
"A lot of young people are finding it very difficult to afford their loans, given their income right now. This again, provides a cap based on that income so their payments are affordable each month," said Matt McAlvanah with Senator Patty Murray's office.
The Obama administration and the Department of Education announced the Free Application for Federal Student Aid, or the FAFSA forms, will be simplified and easier to understand.
The plan is to shorten the online application and ask congress to pass legislation removing more than half of the financial questions.
Many students said they didn't apply for federal aid because the application process was too long.

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