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Interest rates on student loans about to increase

College graduates wanting to consolidate their loans might want to do so before Saturday, when some variable interest rates on student loans are set to increase by about 2 percentage points to a fixed rate.

On Saturday, interest rates will become fixed at about 6.8 percent for Stafford loans, a type of federal student loan, and 8.5 percent for federal parent PLUS loans. College graduates must apply to consolidate their loans today to maintain the lower current rates.

Wittenberg University students who graduated in May received a letter explaining the increases and encouraging consolidation.

J. Randy Green, Wittenberg financial aid director, said he never before sent a letter with such general advice because students’ situations vary, but added that the changes seem beneficial to most students.

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After 40 years, officer retires

Former Bryan reserve police officer turned FBI agent Floyd Wilts had one mission in mind Wednesday when he made the trip from Washington, D.C., back to Brazos County: To thank his mentor.

Larry Locke, who recently retired as a major after a record 40 years as a reserve officer on Bryan's force, was recognized by his peers, family and friends during a reception Wednesday.

Wilts, who now oversees a counterterrorism squad in the nation's capital, said he met Locke in 1982 after applying for a reserve position.

"I was a 21-year-old college student, the first black reserve officer for Bryan, and he took me under his wing and really encouraged me," the surprise guest said. "It was the things I learned from him that got me where I am today. You never know when you start something where it's going to lead you."

At the celebration, Locke smiled as he remembered his years of service.

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