Cornell University and Northwestern University to Eliminate Student Loans for Needy Students.

This past week found both Cornell and Northwestern announcing plans to eliminate student loans from some financial aid packages starting next year.

Cornell will be eliminating student loans this year to students with a family income below $60,000 and next year will extend it to those incomes below $75,000. Students with family incomes up to $120,000 will find their student loans capped at $3,000 per year.

Northwestern will be eliminating student loans to the neediest students. This program will not be tied to a specific family income. Even ungrads who still need to take out subsidized Stafford Loans or Perkins Loans will find those loans capped at $20,000 over four years.

Holy Cross to Offer Free Tuition to Worcester Residents
Qualified Worcester, Mass, residents wil receive free tuition to the College of the Holy Cross. Beginning in the 2008-09 school year, Worcester students with a family income under $50,000 who are accepted as students at Holy Cross, will qualify for the free tuition program.

Cal Grants Available

California students should be applying now for the Cal Grants. March 2nd is the deadline for the FAFSA and the Cal Grant GPA Verification Form. This is free money and it belongs to you, so don't wait until the last minute. More info at CalGrants.org


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