UVa backs away from loan-free offer to its poorest students | Inside Higher Ed
As one student quoted in the article says, “Financial aid is too important to be left to donors. The responsibility for student access lies with the institution — not with the whims of the wealthy.”
Instead of guaranteeing that poor undergraduates can get through college debt-free, the University of Virginia decided it’s going to make low-income students borrow up to $28,000. That’s still a good deal, university officials say, for four years at one of American’s top public universities.
But at about the same time the change was announced, it had just finished a $12 million
squash court and planned to beef up its marketing budget by nearly $18 million
During a period of economic decline, our institutional aid budget is strained with more students requesting need-based aid.”
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