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Colby violates no loan policy..

unemployedfamilyunemployedfamily Registered User Posts: 2 New Member
edited April 2009 in Colby College
family has no income, living on unemployment, colby insists on using assets to pay virtually all tuition...hobsons choice: retirement or loans...
Post edited by unemployedfamily on

Replies to: Colby violates no loan policy..

  • futuredonorfuturedonor Registered User Posts: 1 New Member
    thx for this, we were considering them!!!
  • MomofaKnightMomofaKnight Registered User Posts: 451 Member
    Colby's no loan policy means as I understand it that you will not be offered a loan as part of your Financial Aid package. They will meet your fully demonstrated need (as they interpret it based on FAFSA and CSS Profile) w/o a loan required

    You still have the option to choose a Stafford Loan or Plus Loan to help meet your EFC
    They have been true to this in our situation. We chose to have our son take out an unsubsidized Stafford to help us meet our EFC
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