From Go Banking Rates -
12 Colleges That Cover 100% of Your Financial Aid
You can graduate debt-free from these schools.
By Gabrielle Olya
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| SpVVK / Getty Images |
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 financial aid packages that feature a combination of grants, scholarships, work-study aid and other components that allow students to attend without having to worry about graduating with debt.
"No-loan schools are basically telling students of modest or even extremely low income that they should apply if they have the grades and extracurricular [activities] to be considered, and that they don't have to worry about the high price tag as long as they are able to get accepted," Kevin Ladd, chief operating officer and co-creator of Scholarships.com, told U.S. News.
While this does not mean these schools are free to attend, it does mean that these institutions aim to cover each family’s demonstrated financial need -- the difference between the cost of attendance and the expected family contribution -- so that loans aren't required to make up the difference.
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