Page 10 University Daily Kansan, January 21, 1981
NCAA rejects new rating rule
By REBECCA CHANEY Staff Reporter
Along with opening its doors to women's athletic teams, the National Collegiate Athletic Association voted on several other proposals during its recent convention that could affect KU athletics.
Athletic department officials said yesterday the proposals, some of which were defeated, included a decrease in the minimum number of sports NCAA members were required to sponsor, stronger financial aid limitations and recruiting restrictions and more specific limits on academic eligibility.
An amendment was defeated that would have changed the number of varsity sports a college or university team must play in football fA for football from eight to six.
KU Athletic Director Bob Marcum said earlier that he supported the
proposal and that he thought it had a good chance of passing. Marcum could not be reached for comment yesterday.
OFFICIALLY, the University voted against the proposal at the convention, according to Del Brinkman, KU faculty representative.
Had the amendment passed, KU could have dropped one or more men's sports from the athletic program. After cutting men's gymnastics last year, KU supports the minimum of eight men's programs.
"I wouldn't think that KU, with its well-rounded sports program, would cut more sports except out of aba- bore financial necessity," Brinkman said.
"But all around the country, non-revenue sports people are worried about the financial crunch. Even schools with very successful football programs are having problems funding non-revenue sports," he said.
ANOTHER PROPOSAL, which was
approved, requires athletes to complete 24 credit hours at KU each year to remain eligible to compete.
Before the new regulation, the NCAA required that student athletes make "satisfactory progress" toward a degree. Previously, universities provided their own definition of satisfactory progress.
KU officials said they saw no problem completing the required 12 hours of training.
You've Seen Both Sides!
A related proposal adopted at the convention requires that universities publish their standards for measuring academic progress. Another proposal calls for a more rigorous chancecellers responsible for certifying the academic eligibility of the athletes.
A proposal was introduced to limit financial aid in the form of athletic merit scholarships to the cost of tuition and books, rather than the currently allowable cost of room, board, tuition and books. The proposal was defeated as "excessive", Phyllis Howeltt, assistant athletic director, said.
"I suppose they (convention data) did a better proposal was a bit much," Howlett said.
Checking account interest offers students less monev
ny CINDY CAMPBELL Staff Reporter
Two proposals concerning football and basketball recruiting seasons passed which, according to Howlett, might not affect smaller colleges but would have an effect on larger schools. One proposal referred to end of the student's high school season and March 1 for football or May 15 for basketball.
Bankers and economists hailed the last day of 1980 as the dawning of a new era in commercial banking across the country.
On Dec. 31, banks and savings and loans institutions were permitted by new federal regulations to offer 5 percent interest, a maximum of 5.25 percent interest.
These accounts, technically called "negotiable orders of withdrawal," or NOW accounts, don't seem to be financially feasible for many students, however, because of a high interest rate required by commercial banks.
CARLOS CARTHEN, customer service representative for First National Bank in Lawrence, said he would account customers were students.
The Lawrence National Bank requires $ 1,500 minimum balance before offering free checking. If a customer keeps an account below $1,500, there is an $8 monthly service charge.
"Any interest you could earn would be automatically eaten up if you drop below minimum balance."
At Capitol Federal Savings and Loan Association, a $300 average daily balance is required for free checking accounts. If the average daily balance drops below $300, there is a $5 monthly service charge.
First National requires a $1,000 minimum balance for customers to qualify for free checking. If the account balance drops below $1,000, there is an $8 monthly service charge.
ALTHOUGH COMMERCIAL banks may not be the financial answer for students, savings and loans associations may be. In most cases, they require a much lower balance for comparable service.
checking account, and the other is called a check safe-keeping account.
"Very few students can meet the minimum balance," Carthen said.
In the regular account, a $750 minimum balance is required to qualify for free checking. If the balance is below $750 but above $500, you will receive a monthly month. If the balance is $500, you are $6 monthly service charge.
CHECK SAFE-KEEPING accounts are relatively new to the Midwest and banks don't offer them, but they do save Savings treasurer Kent Earl.
Capitol Federal manager, Joe Oberzan, said, "Everybody is really jockeying for position right now. We don't have many student customers enough word of mouth and our advertising the message is being spread."
THE LAWRENCE Savings Association offers two types of NOW accounts. One is similar to a regular
In check safe-keeping accounts, cancelled checks aren't returned to the customer. They are filed away for a month and then microfilmed so that customers can get copies if necessary.
"It's more efficient from an internal standpoint," Earl said.
Because check safe-keeping accounts are less expensive for the savings and loans that offer them, they can be much smaller in minimum balance.
A $300 minimum balance is required at Lawrence Savings Association for a check safe-keeping account with no monthly service charge.
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