Helping Students Overcome Loan Problems
Enough and more has been written about the student loan problem, which has gotten extremely bad in recent years. Now several major universities are finally doing something dramatic about it. The Observer Online reports:
In response to the problem, several schools are using university funds to reduce or eliminate that loan burden for students with demonstrated need. Harvard does not ask parents earning less than $60,000 a year to contribute to their child’s education. At Yale and Stanford, the figure is $45,000. The University of Pennsylvania replaces loans with grants for students from families with incomes under $50,000. Virginia, Brown and other institutions are taking similar steps.
Read more: Student loan troubles
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