“No Student Loans”: Is that possible?
Don’t want to borrow for college expenses? Some universities across the U.S. are implementing financial aid policies, where no (or limited amounts) of loans will be offered in the financial aid award letter.
Knowing the financial aid policy of colleges–before applying–can help a family have dollar amounts to determine the value of a college, given the prospective university’s commitment to helping students graduate without debt. (Borrowing is an individual family decision, that needs to weigh the costs and benefits of student debt.)
Here’s a partial list of colleges with no or limited loan financial aid policies from the Project on Student Debt
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