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University of Pennsylvania Expands Financial Aid Program to Eliminate Loans

December 20, 2007 – 1:31 am | by cgee

Graduating debt-free? University of Pennsylvania is making it possible for students from various economic backgrounds. According to a press release on December 17th, starting September of 2008 students with calculated family incomes under $100,000 will receive loan-free aid packages, while families above that level will receive a 10 percent reduction in need-based loans. By fall 2009, all undergraduate students eligible for financial aid will receive loan-free aid packages, regardless of family income level.

 After, Harvard recently announced its middle-income initiative, it is nice to see another Ivy League school to tackle the issue of growing higher education costs.

  1. 2 Responses to “University of Pennsylvania Expands Financial Aid Program to Eliminate Loans”

  2. By Student Finance Options on Jul 24, 2008 | Reply

    What could be better than graduating debt-free? While still in college, the best student finance options are Government Grant Money and Scholarships. We consider these to be the best because it’s free money that you aren’t required to pay back. Consequently, the chances of you becoming drowned in an ocean of debt are greatly reduced.

  3. By Stephen on Mar 29, 2010 | Reply

    Great Blog. I look forward to getting more into it. Here is a great article from hubpages that educate students about student private loans and gives them some other options before taking out loans. It is a great article and has helped me see the light. http://hubpages.com/hub/Earning-Money-For-College-Without-Taking-Student-Private-Loans

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