“This would be a much better world if more married couples were as deeply in love as they are in debt.”
Brown To Eliminate Loans To Help Students Graduate With Less Debt
Source Date:
Friday, December 8, 2017
Categories:
Brown University announced Thursday that it will no longer provide loans, only grants, in an effort to help students graduate with less debt.
Starting in the fall of 2018, all students who receive financial aid from the Ivy League university will receive scholarships, which they don’t have to pay back.
The goal is to make the university more affordable and accessible, particularly to middle-income families, said Brown spokesman Brian Clark. The students who will most likely benefit are those who previously may not have qualified for the university’s grants to low-income students from families making less than $100,000 per year but still were not able to afford the school’s tuition of $67,000 per year with room and board. Some of those families would then take out loans to help cover the cost of attending the school.