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Thursday, September 1. 1988 / University Dail Kansan
CATHAY
RESTAURANT
怡園饭店
Chinese Buffet-All You Can Eat!
Lunch...$395 11:00-2:30
Dinner...$575 4:30-10:00
2104-D Iowa Holiday Plaza 842-4976
We are pleased to announce that
Christina Diedel formerly of Headmasters has joined the staff at
Reflections REFLECTIONS
She specializes in permanent waving, color, hairstyling, and highlighting. She would like to thank all her clients for their past loyalty, and we hope to see you soon.
1031 Vermont 842-1253
WELCOME BACK!
K. U. STUDENTS & FACULTY
INTRODUCTORY OFFER:
50¢ OFF
ANY SANDWICH
& MEDIUM DRINK
i present mrs coupon and save 50% with the purchase of any sandwich and your choice of any medium size drink.
Sub&Stuff Sandwich Shop
1618 WEST 23RD
NOT VALID ON DELIVERY. ONE COUPON PER CUSTOMER
PER VISIT. NOT VALID AFTER 9/30/88
With the right HP calculator, there is no telling what you can achieve.
NEW:
HP-22S
HP-17B
HP-28S
HP-12C
Hewlett-Packard features a full line of business and technical calculators for students. Pick out the one that's right for you.
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Calculator List Price Sale Price
HP-22S 59.00 43.00
HP-32S 69.00 50.00
HP-27S 110.00 79.00
HP-28S 235.00 169.00
HP-41CX 245.00 179.00
HP-41CV 175.00 126.00
HP-12C 79.00 58.00
HP-17B 110.00 79.00
HP-19B 175.00 126.00
Iowa students pay fees via ATM
KANSAS and BURGE UNIONS
Kansan staff writer
Automatic teller machines:
at times they're a sight for sore eyes
and waltles, especially after banking hours.
Bv Debbie McMahon
Someday KU students may be able to pay tuition with the ATMs.
But not as soon as University of Iowa students. Iowa Transfer Systems Inc, of Des Moines, has set up a system in which tuition, as well as travel expenses, can be paid through ATMs, said Doe, Ross, university caiter at low $4.
drawn more student interest, Ross said.
He said that 1,200 students had signed up for the program, which was announced last May and began with a few sessions. Since then, media attention has
Ross said it was the only system of its kind in the country. ITS Inc. was formed by banks and has since been involved in all financial institutions in Iowa.
However, John Patterson, KU comptroller, said there was little chance for such a system to be used here soon.
with an account and ATM card at a member financial institution can use the ATMs at other member institutions.
"But anything's possible, Patterson said. "At the present time we're moving down the road to fee payment by mail. An honest answer is that the whole world is moving away from the use of checks."
He said expense was the largest obstacle to installing a system similar to Iowa's. The closest thing to it at
KU would be a system that transfers energy between systems, doesn't have such a system now, but this year Kansas statutes were changed to allow electron-transfer.
Eldron R. Filyon, senior vice president at Capitol Federal, said there will be an event Thursday that they include holders of Plus, Ultra and Zip cards. Also holders of cards include the Mint.
But beginning Dec. 1, ATMs will be more accessible. Capitol Federal Savings and Loan Association of Topeka has announced it would share its ATM systems with the VIA Network based in Wichita.
The VIA Network is the largest shared ATM system in Kansas, said the Vernon E. Wasinger, senior vice president of Wichita-based IW Vichita owns the VIA Network.
More than 100 financial institutions in Kansas are members of the VIA Network. This means that anyone
Capitol Federal already has three teller machines in Lawrence. Two are located at 1025 Iowa St., and the other is at 1046 Vermont St.
Flory also said that Capitol Federal's ATMs already had a system that allows its customers to pay bills.
But that could be as close to students can get to paying tuition with an ATM. At least for a while.
Lenders receiving excess subsidies, GAO reports
The Associated Press
WASHINGTON — The Education Department may be paying banks and other lenders millions of dollars each year in excess subsidies on student loans, the General Accounting Office said yester-
The congressional watchdog agency said the department performs an inadequate job of checking the accuracy of the bills that lenders submit for their government-subsidized interest payments.
at 16 major lenders found 18 percent were in error or lacked adequate documentation to support the
when they received a total of $69.4 million in interest subsidies.
"The cause of these errors varied, but generally resulted from lenders' miscalculating loan principal balances and interest subsidy due, and continued after borrowers began repaying," the report said.
Based on the errors found in the loan accounts it reviewed from a three-month period in 1885, the GAO estimated that the government overpaid the 16 lenders at least $1.8 million for that quarter.
The GAO said three lenders had voluntarily epaid the government $345,071 in interest subsidy overbillings from that quarter and other recentilling periods.
The department paid lenders $2.4 billion in interest subsidies on $39 billion of outstanding loans for the year. The 4,000 lenders — banks, savings and loan associations, life insurance companies and credit unions
MacTalk
SURVIVAL OF THE FITTEST
-DARWIN
A