Tuesday, September 2, 2008

The Drive to Educate without DEBT

I think this is really cool
and too few people know about it.
Princeton University's financial aid will cover the student's needs.
Princeton University's aid does not include money sources that must be repaid.
Yes, you read that correctly.
At least six years ago, the trustees decided they had an obligation to graduate a diverse student body who did not have burdensome debt.
They postulated that, lacking debt, more graduates would take lower-paying jobs.
Therefore, Princeton's financial aid packages include grants and scholarships, but no loans. WOOHOO.
Princeton was the first, but its trustees have encouraged [implored, embarrassed] other universities to follow.
The college selection game has changed - parents and students just have to understand that it is possible that attending Princeton, etc is cheaper than attending Rutgers.

No comments: