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MIT's financial aid packages are based on a student's full need and do not include loans: "Full need means that we meet 100% of your family’s calculated need through scholarships, grants and ...
A few colleges and universities help students avoid crippling debt by offering generous financial aid packages. Last year's college graduates who borrowed loans to pay for their education had an ...
Some colleges and universities are doing their part to lessen the student loan burden that many graduates are facing by providing loan-free financial aid packages. No-loan institutions offer ...
The program caps total need-based loans at $15,000, assuming on-time progression toward graduation with up to eight semesters of study." [67] Grinnell College "Beginning in the 2008-09 academic year, need-based loans for all eligible students will be capped at $2,000 per year." [68] University of Maryland, College Park
Need-blind schools tend to be selective, due to the large number of applications they receive. Each institution has its own definition of meeting the full demonstrated need. Some schools meet this need through grants and/or merit or talent scholarships alone, while others may include loans and work-study programs.
All new Stafford, PLUS, and consolidation loans are now administered through the Direct Loan Program. Campus-Based Aid includes types of aid that schools are responsible for administering on behalf of the federal government. Federal Perkins Loans are low-interest loans made through a school’s financial aid office using federal funds ...
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