Graduating without college debt is an attractive prospect. But students need to understand the basics of no-loan financial aid and how it might apply to them before making any decisions.
With all that has been written and said about the dangers of taking on too much debt to go to college, schools with no-loan financial-aid policies may sound like a dream.
No loans? Yes, dozens of U.S. colleges and universities have instituted no-loan policies in recent years, aiming to meet students’ financial needs with grants and work opportunities, rather than student loans.
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