14 US colleges and universities offering free or reduced tuition, “no student loans”, aid programs
Since the 2020 US presidential election, there have been several reports of student loan cancellation.
According to Erudera.com, Biden’s election as 46th president of the United States was good news for students in the country, because he had promised to write off student loan debts, at least partially.
Students in the United States have been affected for years by the cruel anti-immigration policies of former President Donald Trump.
According to the latest student debt statistics, 45 million borrowers are collectively in debt for $ 1.7 trillion in student loans.
Given college costs and higher student loan amounts, several colleges have already taken steps to reduce higher education costs, releasing so-called “no student loans” financial aid policies.
This type of assistance is intended to replace student loans with scholarships or scholarships, which will not have to be repaid.
Yet “no student loan” does not mean that the colleges or universities are removing the student loan from the financial aid program. But, some universities will require students to get involved in a part-time job, require a minimum student contribution or parental contribution.
The average cost of tuition and fees for private institutions in the United States reaches the amount of $ 35,676, according to the United States News and World Report.
Here is the list of 14 colleges and universities in the United States offering free or reduced tuition fees for students.
1. Alice Lloyd College
The tuition fee at Alice Lloyd College is $ 0 for students from 108 counties located in the Central Appalachians. The college provides quality education to every student regardless of their economic situation. It also offers programs designed to help students reduce their debt.
In addition, the college offers the College of Appalachian Leaders Scholarship to each qualified student in the 108-county service area of ALC, a scholarship that covers tuition fees for up to 10 semesters. The amount of the scholarship depends on the financial situation of each student.
Still, getting a degree from Alice Lloyd College isn’t free at all. As the college must secure different sources to meet financial obligations, students are required to contribute through the student work program, in a job on campus or in the local community.
2. Amherst College
During 2020-2021, Amherst provided over $ 58 million in scholarships to its students, with the average financial aid being over $ 58,000. Amherst’s financial aid programs include replacing all loans with scholarships.
By replacing student loans with scholarships, Amherst has become one of the few colleges and universities in the country that does not require students to take out student loans in order to continue their undergraduate education.
3. Brunette college
Since the 2018-19 academic year, the university has replaced loans with scholarship funds that do not need to be repaid.
“We are committed to making a Brown education accessible to students of all income groups, so that we can continue to accept the best and brightest students from around the world. “ Brown President Christina Paxson said.
4. Columbia university
Eligibility to receive financial aid at Columbia University is determined by assessing a family’s ability to afford education costs.
For students from families receiving less than $ 60,000 per year (and typical assets), parents are not required to pay tuition.
Applications from U.S. citizens and eligible non-citizens are reviewed by the university regardless of the university’s financial status.
5. duke university
Students admitted to Duke will benefit from the university benefit covering 100 percent of their financial needs by offering assistance for costs not covered by their families’ calculated contribution.
Students with families with incomes of $ 60,000 or less and typical assets will not be required to pay parental contributions. 52% of undergraduates at Duke are released from paying full costs.
6. Harvard University
At Harvard, the majority of students graduate debt-free, and the university does not require its students to take out loans under financial support programs that include a combination of scholarship funds, student employment, or any other external reward.
7. Johns Hopkins University
54 percent of freshmen at Johns Hopkins University receive financial aid. The university is committed to meeting the needs of students through a variety of support programs.
Former New York Mayor Michael Bloomberg announced a $ 1.8 billion grant to Johns Hopkins aimed at providing the opportunity for every student to attend college regardless of their circumstances economic.
8. University of Michigan
Since early March 2021, Michigan State University Offered $ 1,077,305,941 in financial assistance for Fall 2021 and Spring 2022. Types of financial assistance provided by MSU include:
- Scholarships and grants
- Work study
- Education tax credits
- Michigan Indian Tuition Fee Waiver
- Courtesy course fees
Financial assistance in the form of scholarships and grants must be repaid. Eligibility to receive financial aid at MSU depends on the degree the student is pursuing and the type of aid he is requesting.
9. Northwestern University
In the 2019-2020 academic year, the university awarded $ 195 million to undergraduates, and nearly 61% of undergraduates received financial support. All need based aid programs are loan free at this university. The latter meets 100 percent of demonstrated financial needs.
ten. Princeton University
Princeton’s financial aid program is known as one of the most generous in the country. The university meets 100 percent of students’ demonstrated financial need by providing a grant. Students whose families earn less than $ 65,000 per year receive scholarships that cover:
- full tuition fees
- residential college fees
- room and board
11. Rice University
Rise offers full scholarships to students with an annual family income between $ 65,000 and $ 130,000. In addition, for students with families earning less than $ 65,000, the university covers tuition, accommodation, and board, including all other costs.
Whereas, for those with family income between $ 130,000 and $ 200,000, Rice University offers grants that partially cover tuition fees, at least 50 percent.
12. Stanford University
One of Stanford’s main sources of funding to help students with their education costs is the university scholarship. All scholarships are provided based on the financial need of the students determined by the information provided on the CSS profile.
13. University of North Carolina
Students with a family income below 200% of the federal poverty line, or about $ 48,500 for a family of four, may be eligible for the Carolina Covenant. The latter is an aid program that allows students to attend and graduate from UNC-Chapel Hill without going into debt.
14. Yale University
Yale’s financial aid policy means that the university is committed to meeting all the needs of all students without requiring loans. The university’s undergraduate financial aid is awarded on the basis of financial need.
Families with gross incomes of less than $ 75,000 (with typical assets) are free to pay for their children’s education at Yale University.
Families earning between $ 75,000 and $ 200,000 (with typical assets) will have to pay a percentage of their annual income to cover their children’s education. While some families who earn more than $ 200,000 per year receive assistance from Yale according to their needs.