Several universities are expanding their financial aid programs, providing more students with the opportunity to graduate debt-free. Vanderbilt University will offer full-tuition scholarships to families earning up to $150,000 annually, while Dartmouth has increased its income threshold for zero parent contributions to $125,000. These changes come amid concerns that rising college costs may deter enrollment, especially among lower-income families.
To curb the college affordability crisis, several institutions have adopted "no-loan" policies, eliminating student loans from financial aid to ensure students graduate debt-free. Inspired by Princeton University, 23 colleges now offer no-loan policies, meeting students' financial needs solely with grants. This approach alleviates the heavy burden of student debt, enhancing access to higher education and attracting more applicants. While loans are eliminated, students may still incur other costs such as family contributions and fees.
