Thursday, October 2, 2014

University Of Chicago To End Use Of Student Loans


Oct 2, 2014 by 
CHICAGO (AP) — As selective colleges try to increase economic diversity among their undergraduates, the University of Chicago announced Wednesday that it’s embarking on an unusual effort to enroll more low-income students, including the elimination of loans in its aid packages.
What’s more, the elite school will no longer expect financial-aid students to hold jobs during the school year and application fees will be waived for families seeking aid. The initiative includes scholarships, career guidance and a guarantee of paid summer internships, officials said as they announced the No Barriers program. The university will offer more than 100 workshops across the nation to demystify the admissions and financial aid process.
“We want to ensure that students of high ability can aspire to join this community without financial worry, and with comprehensive support for their success both in the College and beyond graduation,” University of Chicago President Robert Zimmer said in a statement.

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