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College alternatives
Written by John Szozda   
Thursday, 10 December 2009 17:05

Life can be rewarding without a four-year college degree

No Bachelors, No ProblemThe single most difficult financial decision a teenager will make is whether to go to college or not.

The average cost for four years at a private college is $105,092; the cost to commute at a four-year public college is $28,080, according to College Board, an association of 5,700 colleges and universities.

The average young adult graduates with $19,000 in student loan debt and thousands in credit card debt, according to a 2008 Press report entitled Young, Educated and Broke. At the current fixed interest rate of 6.8 percent, a borrower would pay about $219 a month for 10 years.

Here’s two horror stories to consider before you, or your child, take the plunge into such debt.

Ryan, 31, a married father of two, owes $70,000 in student loans and collection fees. Because of bad luck, naivety, and a poor credit rating, he has a car payment of $450 a month at 15 percent interest. His creditors garnished his wages before he was laid off in January. Unless Ryan’s situation dramatically improves, he’ll eventually have his Social Security garnished.

 
Teens face charges
Written by Larry Limpf   
Thursday, 10 December 2009 16:54
Search culminates in burglary arrest

Walbridge police have charged Jacob Hatfield, 15, the subject of an intensive search last week, with burglary, according to Paul Dobson, Wood County Prosecutor.

Three other teens face charges, including criminal trespassing and obstruction, Dobson said.

Walbridge Police Chief Walt Tylicki said Thursday his department was “looking into some leads” but referred questions to the prosecutor’s office.

Hatfield, of Haskins, O. and a student at Otsego High School, had attended a function for youths the evening of Dec. 6 at Main Street Church in Walbridge and was reported missing by his parents, Douglas and Rebecca Hatfield, after they arrived to pick him up.

By the next day volunteers and local police and fire department personnel were assembling at the church to begin a search.

 
Deal pending - Pilkington R&D plant may become solar powered
Written by Larry Limpf   
Thursday, 10 December 2009 14:43

Construction of a 250,000-kilowatt solar panel array at the Pilkington North America site in Northwood is tentatively scheduled to start the second quarter of next year, according to the engineering firm overseeing the project.

A federal grant of $680,782 for the installation of the array was awarded through the state energy component of the American Recovery and Reinvestment Act (ARRA).

Kara Allison, Director of Government and Community Relations for Hull & Associates, said the firm is working with Pilkington to structure the project so it can be owned and operated by Hull or one of its affiliates.

Construction of the solar field should be completed by the third quarter of 2010, she said, adding it is intended to supply power to Pilkington’s research and development facility.

 
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