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Vanderbilt U. to Replace Loans With Grants for Students
Chronicle of Higher Education News Blog
October 1, 2008
Vanderbilt University has unveiled plans to expand its financial-aid program, announcing this morning that it would replace loans with grants for all eligible students. The university, which practices need-blind admissions, expects the new policy to add nearly $15-million to its annual financial-aid budget. Vanderbilt students receive a total of about $70-million annually in institutional aid.
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