Emory is eliminating need-based student loans to allow more students to graduate debt-free – WSB-TV Channel 2
ATLANTA — Emory University announced Monday it will eliminate need-based loans for undergraduates in a program that will allow more students to graduate debt-free.
The expansion of the Emory Advantage plan will replace need-based loans with institutional grants and scholarships. The university said the changes will be implemented this fall and aim to make Emory accessible to talented students, regardless of their financial resources.
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Every undergraduate student eligible for need-based aid will automatically transfer into the expanded Emory Advantage program.
It will double the number of current undergraduate loans and be replaced by scholarships, bringing the total number to 3,300 undergraduate students.
“To ensure Emory fulfills our mission to serve humanity in all that we do, we continue to invest in making an Emory education affordable for talented students from all financial backgrounds,” said President Gregory L. Fenves. . “By eliminating need-based loans for undergraduates, our students have the opportunity to graduate Emory with less debt as they embark on their extraordinary journeys after graduation.”
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Eligible students will receive a letter in the mail in the coming days.
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