Harvard University recently announced that it will eliminate student loans and ask families with salaries between $120,000 and $180,000 to pay no more then 10 percent of their income and charge its neediest student nothing. That's the good news!
The bad news is that competition for admissions will be even tougher. Many qualified students who did not apply in the past because of the high cost will now apply since many will be able to attend the Ivy League school for less then a U.C.
Duke University also said it would reduce loans for students with family incomes up to $100,000 and cap loans on wealthier ones. Swarthmore College said they would replace loans with grants for all students. Yale will announce its new financial aid plan later this month. Furthermore the "The College Planning News" reports that California private colleges, such as Cal Tech, Pomona and California Lutheran University will begin matching the college tuition for students who were also admitted to California public universities.
Fresno State University will reinstate women's swimming and diving teams and add a new sport of Women's Lacrosse for the 2008-09 school year which will provide a few more athletic scholarships.
Homer Sweeney
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