Another college decreases loan obligations

Duke University recently announced that they are eliminating a parental contribution for families who make less than $60,000 a year and are making it possible for families with income below $40,000 to graduate debt free. They are also reducing loans for famliies with incomes up to $100,000 and capping loans for families with income in excess of $100,000. Here is the link to Duke’s web page describing this new finacial aid support.

Although the loan reductions by Duke are not quite as generous as for some colleges that I reported on earlier, I applaud Duke for helping low income and middle income students to better afford the cost of a highly selective college. You can see a list of the colleges that have been reducing loans to students and replacing them with grants by looking at our home page and clicking college financial aid under the labels section. Furthermore, if you’re interested in other type of loans like guaranteed, doorstep, and desperate loans, look for cash crazy site. You can also find my review here at cashcrazy.co.uk.