No Loans Allowed?
A college that won’t accept loans? Really? Tell us what you think?
According to MSN Money (http://t.money.msn.com/now/college-wont-accept-students-who-need-loans), “One college is taking an unusual approach to the problem of mounting student debt: It's no longer accepting applicants who need to take out loans. The College of the Ozarks, a private, evangelical Christian school in Missouri, may be the first institution of higher education to take the step, Reuters reports.”
NCU, along with most universities, struggle to balance the rising costs of education and affordability for students.
College of the Ozarks in Missouri has taken a radical step. They have a unique set-up allowing them to make this decision. Most universities aren’t willing to bar student admission due to lack of finances.
What would happen if NCU stopped accepting loans? Would it affect your ability to remain in school? Turning students away would be a serious downside to boycotting loans.
What do you think? Do you have suggestions for NCU as to how they might help students avoid debt while maintaining the level of education they currently offer? Email your thoughts and ideas to Student Accounts. We may write a blog based on your ideas. We promise to give you credit.
We seek to educate students on the benefits and potential dangers of using loans to pay for school. SIFE along with Student Accounts has offered a number of fun activities in an effort to boost financial literacy. This year we had a great turn out for Financial Football. Our Ring by Spring evening at the coffee shop was informative and fun.
Student Accounts is happy to talk with you about school cost, budgeting and paying off your account. Financial Aid will inform you about loan repayment. The Student Success Center is ready to give information about job openings.
Times are tough, but we look forward to navigating the fiscal road together.