Saturday,  June 2, 2012 • Vol. 12--No. 324 • 33 of 49 •  Other Editions

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listed as miscellaneous. A year ago this week, Baker Hughes reported 1,854 rigs.
• Of the major oil- and gas-producing states, Texas gained six rigs while California, New Mexico and North Dakota each were up one.
• Oklahoma declined by seven rigs; Louisiana and Pennsylvania by two each; Alaska and West Virginia by one apiece.
• Arkansas, Colorado and Wyoming were unchanged.
• The rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.
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Augustana President: Education no longer priority
KRISTI EATON,Associated Press

• SIOUX FALLS, S.D. (AP) -- Education no longer seems to be a priority among people in government, the president of Augustana College said Friday.
• Rob Oliver said an upcoming interest rate hike on the subsidized Stafford loan shows education does not carry the same weight as obtaining a loan for a house or car. The Stafford loan is scheduled to increase from 3.4 percent to 6.8 percent on July 1.
• "I don't know how we can look these young people in the eye and say, 'You're not worth it,'" Oliver said. "It's a statement of priority."
• Contrary to popular belief, Augustana, a private university, is not made up solely of students from wealthy families, Olive said. He noted that 76 percent of Augustana students use some sort of financial aid.

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