With the Rising Cost of Tuition More Colleges Offering Grants, Work-study to Reduce Student Debt

SaveWorkStudy

Students rally to “save work study” at the “Protect Our Future” rally.

In a nod to the rising cost of college tuition and the burden of massive student loan debt on graduates, a growing number of universities are stepping up with “no-loan” aid pledges. 

More than 50 colleges — including elite private schools and flagship state universities in Virginia and Maryland — have eliminated or capped loans in their financial aid portfolios for some or all students, promising enough aid in grants and work-study to cover most of the gap between what they charge and what each student can afford to pay.

 

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