Best College Values, 2015: No-Loan Policies Pay Off

At most no-loan schools, financial aid packages include earnings from a work-study program.

In 2001, Princeton University announced that students who were accepted would receive 100% of their financial aid in the form of scholarships and grants. Loans were off the table. Since then, about six dozen schools have adopted “no loan” financial aid programs, including the top 10 on our combined list of public and private colleges and universities. Some schools, such as Haverford College, limit their no-loan programs to families who earn less than $60,000 a year. Others, such as Princeton and Yale University, extend the program to all students who receive financial aid.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Sandra Block
Senior Editor, Kiplinger's Personal Finance

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.