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.

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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.