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March 12, 1987

26 EXECUTIVE COUNCIL BILL 842
UNIVERSITY OF COLORADO
STUDENT UNION

Sponsored by:

Representatives-at-Large
Tri-Executives
Represen ta ti ve-a t-Large

Authored by:

Administrative Assistant
S/ A Financial Aid
A BILL

Jeff Stephens
Chris tine Dry lie
John Ramos
Dave Aragon
Patrice Hauptman
John Roberts
Stacey Fix
Jessica Fowler
Mark Kitzelman

BILL HISTORY

President Reagan's Financial Student-Aid Budget calls for a 45% reduction in
student aid for the 1988 Fiscal Year .... his budget would cut federal student aid
from 19.5 billion to 14 billion. Many programs, such as College Work Study,
Supplemental Grants, National Direct Student Loans, Talented Teacher
Fellowships, International Studies Programs, Law School Clinics, Fullbright-Hays
Scholarships, Veteran Cost-of-Instruction, the Women's Education Equity Act, and
Basic Grants to Vocational Education would be completely abolished. In their
place, students would be asked to borrow more money at higher interest rates to
finance the r edll<."lt on'". Guaranteed Student Loans would still exist but at
lowered borrowing limits.
In their place students would be asked to borrow more money at a higher interest
rates to finance their education through an Income Contingent Loan Program.
Interest would be the Treasury Bill rate plus 3% and borrowers would repay up to
15% of their incomes after college. Annual student loan volume has quintupled in
the last decade and one-half of all undergraduates leave school in debt.
This fiscal year 1988 budget is presently being debated in Congress. Public opinion
will make a difference on how Congress reacts to this budget proposal and on the
future of higher education.
UCSU has begun a campaign against the proposed student-aid budget. A petition
drive has been enacted, plus a letter-writing campaign. UCSU is keeping careful
watch on the Senate Budget Committee and the House Budget Committee. We
have an obligation to the students on this campus to keep them informed of the
possible budget cuts and to encourage them to tell Congress and the President how
they feel about a reduction in higher educa tlon funding. Letters from students who
are on financial aid would have a direct impact on how Congresspeople vote on the
issue.

26 EXECUTIVE COUNCIL BILL 842- Page 2

UCSU is requesting an amount not to exceed $1946.32 to do a mailing campaign to
financial aid students at the University of Colorado, Boulder. The mailing will
include up-to-date information on the National Student Aid Budget, plus addresses
of influential Congresspeople to write.

BILL SUMMARY
This Bill allocates $1,946.32 to fund UCSU's National Student-Aid Budget Mailing

Campaign.

BE IT ENACTED by the Executive Council of the University of Colorado Student
Union, THAT:
SECTION 1:

An amount not to exceed $1,946.32 be allocated from Central
Reserve to fund the National Student-Aid Budget Campaign •

.

SECTION 2:

A written report is to be submitted to Executive Council
concerning the Campaign, persuant to the provisons of 24 ECB 1/4.

SECTION 3:

This Bill takes effect upon passage.

J/12/87- PASSES- EXECUTIVE COUNCIL- 1st READING - 14-0-1
3/19/87- PASSES- EXECUTIVE COUNCIL- 2nd READING- ACCLAMATION

d~c:. nz,if!e;

Dean Miller
President Pro-Tempore
Executive Council

Q~~

Arag~~

David
UCSU Executive

..
r - . •

,. Att - 2 6 ECB # 4 2

Iv'JI.ILING BUDGET
For 9,000 pieces

ENVELOPES
Printing
Setup

$222.00
13.00
102.82

LETTER COPYING
MAILING SERVICES
Labeling
Cheshire format and
pre-sortinq by zip
code

21.00
138.00

FOLDING

76.50

SORTING

180.00

INSERTION

135.00

POSTAGE

765.00

DELIVERY

20.00

MAILING TO WORKSTUDY
EMPLOYERS

25.00
$1698.32

PUBLICITY
1/4 page ad in Colorado
Daily

$

92.40

l/4 page ad in Campus
Press

75.00

Flyers

24.00

(50 0)

Literature (300 pieces)

16.00
$ 207.40

TOTAL

~

$1925.72