Vassar eliminates loans for some

_rentof2
Wed, 12 Mar 2008 11:20:54 +0000

It’s not that the schools award grant money to pay the EFC. Parents and students are still responsible for their respective amounts. The loans replace that part of the financial aid award that would have been in loans. Yes, they do replace Staffords, private loans, etc.

Students can take out loans for college expenses, but the idea is that they won’t have to take out loans.

We may need to borrow a little to meet our parental contribution (EFC) to my son’s college. But his financial aid award will be grants and work study only.