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Dartmouth College Excludes Student Loans from Financial Assistance Package

As the Biden administration ponders Student loan forgivenessDartmouth College will abolish student loans from its undergraduate funding package and offer more grants in its place.

according to NPRThe policy will take effect on Thursday, so students enrolling in the summer 2022 semester will be the first beneficiaries.

Philip Hanlon, President of Dartmouth College, said the generosity of donors allows students to “prepare for an influential life with less constraints.”

“By eliminating loans from financial aid packages, Dartmouth undergraduates can pursue their goals and passions in the widest possible career potential,” he continued.

DartmouthThe Ivy League school in Hanover, New Hampshire has a policy of not requiring a loan for students with a household income of less than $ 125,000. This also applies to students with household incomes in excess of $ 125,000 and financial support as needed, according to the report. NPR report. Schools estimate that this move will eliminate student debt of up to $ 5,500 per student per year.

Meanwhile, federal student loan repayments and interest have been suspended since the start of the pandemic in March 2020 by President Joe Biden’s presidential order. Announcements about the administration’s next steps are always expected.

Biden has campaigned on the issue of student loan forgiveness and has promised to cancel student debt of at least $ 10,000 per person.

Utah State Universities continue to strive to find other ways to keep tuition affordable and increase access to higher education. Interview with Dezalet News..

Earlier this year, the Utah Commission on Higher Education approved the sale of a portfolio of federal family education loan programs managed by the Utah Department of Higher Education Support.

under SB172The sale price passed by the Utah State Parliament will fund an estimated $ 300 million in funds and will fund scholarships in the future to keep college costs down and a priority of the Higher Education Commission. Fund access, completion, and workforce at a university. connection.

One such initiative is University of Utah Advisory CorpsThis helps high school students make a successful transition to college under the guidance of a “near-pier” college access advisor who works in high school.

Senate Majority Leader Evan Vickers, R-Cedar City, Sponsor SB172In an interview on Thursday, higher education “is an economic impetus and a path to success, so we need to continue to provide those opportunities.”

Utah’s higher education system continues to offer more needs-based scholarships, while continuing to offer lucrative scholarships to address access and affordability, he said. ..

The pharmacist Vickers was the first college graduate in his family. “Now all five children have a degree, two have a PhD, and now the kids are watching school, so there was literally a generational change. It could be a generational change.” He said.

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https://www.deseret.com/2022/6/23/23179059/dartmouth-college-eliminates-student-loans-from-financial-aid-student-loan-forgiveness-joe-biden Dartmouth College Excludes Student Loans from Financial Assistance Package

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