Bowdoin College to Eliminate Student Loans

Bowdoin College of Brunswick, Maine, announced Friday that beginning with the 2008-09 school year, they will replace student loans for all new and current students receiving financial aid.

Bowdoin's program is among the most ambitious of the schools that have anounced similiar no loan plans. Many others have reduced loans for current students, without eliminating them altogether. Still others have capped the family incomes that would be eligible.

Bowdoin's plan may allow gradsuates to make a job choice based on desire, rather than making enough money to repay the student loans.

Florida May Eliminate College Grants for Thousands

With budget issues reaching crisis levels, the governor's budget proposal seeks to eliminate grants for Florida students attending private colleges and universities under the Florida Resident Access Grant Program (FRAG).

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