To make college more accessible, a growing number of institutions are eliminating student loans from their financial aid packages.
That opened the door for sophomore Beck Lambert, of Manchester, New Hampshire, who couldn't afford college. "I couldn't even afford to apply to go to college," Lambert said.
Lambert applied early decision and is now a sophomore at Grinnell, majoring in history — on track to be the first person in Lambert's family to graduate from college.
"The budget modelling is key," Grinnell's Harris also noted. "If it gets said, can it be sustained?" Funding a no-loan policy costs Grinnell an additional $5 million a year, she estimated.
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