Which top colleges in the US are eliminating student loans?

The issue of student loan forgiveness continues to be a contentious one, with the debt relief efforts of President Joe Biden government’s being thwarted at every turn.

To help lessen the financial burden caused by expensive college education on students and their families, some universities have begun to implement no-loan policies. They have removed federal loans from the financial aid programs that they offer, and instead are providing alternatives such as scholarships and grants.

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Loan-free schools increasing in number

This loan-free policy is a welcome development for undergraduate students, especially since tuition and other fees at private national universities have leapt 132% over the past two decades, according to data from US News.

These schools that offer free tuition are encouraging low-income students to apply for college if they have excellent grades and extra-curricular activities, and not worry about how they will pay for their education.

About two dozen schools are offering to shoulder 100% of a student’s need for financial assistance to help keep tertiary education accessible, and also to help students avoid being overwhelmed by a mountain of debt after graduation.

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Expenses exist despite ‘No-loan’ policy

Despite the scholarships and grants, students may still need to cover other costs out of their own pocket, such as books and other fees. Some schools may have a work-study aspect as a condition of their grant. These nitty-gritty financial details vary from college to college, so it is best to do your research first before enrolling in a school.

Which top colleges in the US are eliminating student loans?

Here is a list of top colleges which have unsaddled deserving students from a lifetime of debt repayment, according to CNBC.