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November 29, 2007

IHEs Moving to Eliminate Or Ease Student Debt

Colleges are moving to eliminate -- or at least ease -- student debt as pressure builds in Washington for them to spend more from their endowments to help families afford the rising cost of school. This month, Williams College announced that it will eliminate loans from all financial-aid packages beginning next school year and replace them with grants. The moves to ease many students' debt burdens come in the wake of big elite schools' programs to make college more affordable for low- and middle-income families of undergraduates. Read more at: http://online.wsj.com/article/SB119630622387507526.html?mod=googlenews_wsj

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