economy-beat
With the economy on the decline, Cal Poly students are being hit hard when it comes to housing, student loans and jobs after college.

Economy articles:

  • Loan program changes coming:  Due to recent shortcomings with the current Federal Family Education Loan (FFEL) program, Cal Poly will institute the Direct Lending program in order to distribute financial aid more efficiently and effectively.
  • Service programs’ enrollment rises as U.S. hiring rates drop: With hiring at a record low, the odds of finding a steady job straight out of college seem increasingly slim. More and more college students are seeking different ways to pass the time between walking at graduation and finding that dream job with a steady salary.
  • Student renters can expect to reap benefits of housing downturn: Cal Poly students who choose to live off campus come fall may see the benefits of a competitive rental market in the wake of the recent housing slump and an increase in capacity at Poly Canyon Village.

Student opinions about the economy:

  • It’s time to rein in the Federal Reserve:  For those of you who left the country over spring break, your currency exchanges may have left you with a bit less cash in your pocket than you planned. On the Wednesday prior to break, the Federal Reserve (Fed) announced it was monetizing one-trillion dollars worth of debt in the form of long-term treasury bonds and mortgage securities.
  • Pack a bong, save the economy: Last month, State Assemblyman Tom Ammiano (D) of San Francisco brought forth trailblazing legislation, Assembly Bill 390: The Marijuana Control, Regulation and Education Act, to legalize and regulate the commercial production and sale of marijuana to adults 21 and over.