Word: loan
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...four” system. If you give America two years of service, the Kerry administration will fund the equivalent of four years of in-state education—which can be applied to tuition at private institutions or, if the service comes after college, can be used for loan repayment, directed towards vocational training or business start-up fees...
Still, there is more Harvard can do. An important way to improve Summers’ package is to do away with student loans, just as Princeton’s did in 2001. While Harvard graduates students with significantly smaller loan debt in comparison to the national average, eliminating loans completely would get rid of applicants’ anxiety about having debts to pay before even leaving college. Debt can be a daunting hurdle to clear, regardless of the amount. Harvard should do all it can to empower lower-income students during their four years here on campus and after they...
College is meant to teach money management. We know this because it’s the way Harvard justifies its continued policy of asking students on financial aid to produce a certain amount—to be made up of job, loan or some combination of the two—as a “self help” contribution toward the bottom line of their tuition bill. As Director of Financial Aid Sally Donahue noted in a November Crimson interview, “in general I think people appreciate experiences more by contributing to them...
According to statistics from Harvard’s Financial Aid Office, 35 percent of students at the College take out student loans. On average, members of the College’s Class of 2003 graduated with a student loan debt of about $8,800, compared to a national average of nearly $20,000 in debt per graduating student, according to the University...
...average, members of the College’s Class of 2003 graduated with a student loan debt of $8,800, compared to a national average of nearly $20,000 in debt per graduating student, according to the University...