College loans eliminated for students away from household generating $125,100 otherwise faster

College loans eliminated for students away from household generating $125,100 otherwise faster

may several, Dartmouth announced that starting with members of the class off 2026, children away from family which have a yearly home money out-of $125,one hundred thousand otherwise faster often be eligible for complete-university fees scholarships versus loans. The brand new threshold scratching good $twenty-five,one hundred thousand increase regarding the early in the day $100,000 tolerance, according to Presidential Fee with the Educational funding co-chair Julie McKenna.

According to the College’s press release, the expanded eligibility for free tuition comes as part of the $3 billion Call to lead strategy. Julie McKenna said the increase to a $125,000 no-loan threshold is part of the College’s “natural progression.”

“Inside the 2005, the endurance try $forty five,000, following off 2012 so you’re able to latest, it actually was $one hundred,one hundred thousand,” Julie Mckenna told you. “Our second step is to try to boost they so you can $150,100000.”

“We’ll never be packing any of these household with financing,” Coffin said. “Although not, children on their own you are going to however pull out a loan, which will be a different proceeding. The college says one to, ‘We’re not appointment your own need having a federal loan anymore.’”

Koff extra one to “of many ‘no-loans’ schools continue to have high student loan personal debt” just like the students and you can family sign up for additional loans

School funding movie director Dino Koff said “many colleges” do not were student education loans within their financial aid packages, and that Dartmouth are performing to your undertaking a similar for students anyway income accounts – starting with performing into increasing the tolerance so you’re able to $150,000. Currently, Dartmouth and you can Cornell University will be the merely universities regarding the Ivy Group which prize student loans in order to undergraduates, he told you. Read More