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World Trade Center reopens, 13 years after 9/11

VERENA DOBNIK
Associated Press

NEW YORK (AP) — The silvery, 1,776-foot skyscraper that rose from the ashes of 9/11 to become a symbol of American resilience opened for business Monday, as 175 employees of the magazine publishing giant Conde Nast settled into their first day of work in their new offices.

One World Trade Center’s official opening marked a symbolic return to some sense of normalcy for the site where the towers toppled more than 13 years ago.

“The New York City skyline is whole again,” says Patrick Foye, executive director of the Port Authority of New York and New Jersey, which owns both the building and the 16-acre World Trade Center site.

Steps away from the new tower are two memorial fountains built on the footprints of the decimated twin towers, a reminder of the more than 2,700 people who died in the terrorist attack.

Conde Nast, publisher of Vogue, The New Yorker and Vanity Fair, is expected to move in about 3,000 more employees by early next year, eventually occupying 25 floors of the $3.9 billion, 104-story tower, the nation’s tallest building.

Amid Monday’s celebratory tour of parts of 1 World Trade Center, Conde Nast officials declined to comment on employees’ possible fears about working in the new building.

Foye counters that it’s “the most secure office building in America.” And its chief architect, T.J. Gottesdiener, said the high-rise was built with steel-reinforced concrete that makes it as terror attack-proof as possible — much stronger than the original towers that collapsed on themselves when the hijacked planes hit.

The stairwells are built with a hardened concrete core, and wider to allow firefighters to move while people exit. The building’s mechanical systems are also encased in hardened concrete.

“If my son told me he had a job in the trade center Tower 1, I would have no qualms about him being there,” Gottesdiener said.

After 9/11, he said, architects took pains to figure out new ways to make a high-rise safer, working with the New York Fire Department, buildings officials and police, while learning from new techniques from construction in cities worldwide.

Finally, computerized simulations were used to calculate what would happen with people in the building.

One World Trade Center is 60 percent leased, with another 80,000 square feet going to the advertising firm Kids Creative, the stadium operator Legends Hospitality, the BMB Group investment adviser, and Servcorp, a provider of executive offices.

The government’s General Services Administration signed up for 275,000 square feet, and the China Center, a trade and cultural facility, will cover 191,000 square feet.

The space is at the top of the global price range, at $69 per square foot below the 63rd floor, and $80 to $100 going up.

The eight-year construction of the skyscraper came after years of political, financial and legal infighting that threatened to derail the project.

The bickering slowly died down as two other towers started going up on the southeast end of the site: the now completed 4 World Trade Center whose anchor tenant is the Port Authority, which started moving in last week, and 3 World Trade Center, which is slowly rising.

The area has prospered in recent years. About 60,000 more residents now live in the area — three times more than before 9/11 — keeping streets, restaurants and shops alive even after Wall Street and other offices close for the day.

Still, it’s a bittersweet victory, one achieved while haunted by the past.

“The city and the world were watching us, and we had to do it right, to do it better than before,” Gottesdiener said. “And we did it, we finally did it.”

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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