Upromise Can Help Fund Student Loan Payback, Or College 529 Savings
IRS Approves Independent Section 529 Tuition Savings Plan
SU Habitat for Humanity Seeks Construction Funds
Coming Events
Letter from the Alumni Association President
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| Sam Clapper '68, Alumni Association President
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Hi!
Hi. That was the "official" campus greeting in the days when I was a Susquehanna student; a greeting one was supposed to use when encountering anyone else on campus. I'm not sure if it is as widely used now or not, but as Alumni Weekend approaches, hopefully many alumni will think back to how things were when they were students, whether ten years ago or 50. And hopefully many will return to share those memories with fellow classmates.
As the new Online Community gets going (start at www.susqu.edu, go to alumni, then to alumni community, and register-e-mail the alumni office if you do not have a mailing with your "number"), we will hopefully be reminded of the special Susquehanna community that we all shared during our years as Susquehanna students, fraternity or sorority members, athletes, honor society members, thespians, or whatever may have been our areas of special interest. Return on Alumni Weekend. Remember and share the experience.
Shari, new mother and alumni director on leave, asked me if I would fill the space usually occupied by her letter to alumni. She did not tell me what to say, either because she did not know what to tell me or, more likely, because she knew I would say what I wanted to anyway.
As I complete my two years as president of the Alumni Association and about ten years during this "stint" as a member of the Alumni Executive Board, I want to let all alumni know how dedicated their representatives are. Three times a year these people come to meetings, often driving several hours (during the wee hours of the morning) to get there on time. They participate actively and competently on committees (often making extra trips or conference calls for that) and on the board as a whole and demonstrate not only the excellent education they received at Susquehanna, but also the respect-dare I say love-they have for this university. If you are interested in serving, let Shari know. You will not regret it.
Finally, my thanks to you, my fellow alumni, for giving me the opportunity to serve as Alumni Association president.
Sam Clapper '68, Alumni Association President.
Susquehanna University Alumni Association Elections
The Susquehanna University Alumni Association will hold its annual meeting and election on Saturday, May 31, 2003. The nominees are:
For one-year terms as officers of the Alumni Association:
President:
Margaret Anne Finley '85 Flournoy - Allentown, Pa.
First Vice President:
Douglas B. Carlson '88 - Holliston, Mass.
Second Vice President:
Jennifer A. Rojek '98 - Harrisburg, Pa.
Secretary:
Dorothy S. Wesner '81 - Dauphin, Pa.
Treasurer:
Leonard A. Ebel '96 - Mount Wolf, Pa.
For three-year terms as members-at-large to the Alumni Association Executive Board:
Danielle B. Beam '98 Eckhart - Columbus, Ohio
Garrett E. Bissell '01 - Snyder, N.Y.
Keith J. Costello '73 - Palmyra, Pa.
Whitney A. Gay '71 - Winchester, Mass.
Virginia A. Lloyd '81 - Mount Laurel, N.J.
Pamela Marino '81 Weiss, Allentown, Pa.
For a three-year term as an Alumni Representative to the University Board of Directors:
Carol Scherb '70 Ray - Midland Park, N.J.
Dennis Willman '65 - York, Pa.
Upromise Can Help Fund
Student Loan Payback,
Or College 529 Savings
Susquehanna students and graduates with active student loans financed through American Education Services (AES) can repay their loans faster through a new rebate program that helps families save and pay for college.
The free Upromise program enables students, graduates and their parents to accumulate rebates through everyday purchases and use this money towards repayment of student loans serviced by AES, a non-profit financial aid services division of the Pennsylvania Higher Education Assistance Agency (PHEAA).
For families anticipating college costs, Upromise rebates can also be used to establish section 529 tax-free tuition savings plans set up for the member's designated children.
Thousand of retailers, restaurants, and services, including ExxonMobil, AT&T, General Motors, McDonald's, and grocery and drug stores, participate in the Upromise plan and have agreed to furnish rebates ranging from 1/3% to 10% to reward customer loyalty.
Interested students and families can open a free account online at http://www.upromise.com/aes. Members register credit cards, debit cards, grocery cards, other affinity cards and telephone number on their accounts. Upromise tracks all purchases made from contributing companies and accumulates the rebates in the member's Upromise account. Funds are automatically transferred to the borrower's AES account on a quarterly basis provided there is at least $50 in the member's Upromise account for the initial transfer and a $25 account balance for subsequent transfers.
By augmenting their regular payments with Upromise savings, AES borrowers may be able to pay off their student loans months earlier. For example, if a borrower took out a $10,000 college loan at 7% over 10 years, his/her monthly payments would be about $116. If he/she earns only $10 each month in Upromise savings, he/she could pay off the loan 13 months earlier. This could also save him an additional $470 in interest payments.
For further information about the AES/Upromise college loan rebate program log on to http://www.upromise.com/aes. Further information about the Upromise 529 college savings plan options is available at www.upromise.com
