The University of Michigan at Ann Arbor has announced that it will provide its neediest undergraduates with grants instead of loans as part of a 10-percent increase in financial aid, according to a news release. The announcement follows similar steps taken in the past few years by leading private and public universities, most recently by the University of Pennsylvania (The Chronicle, March 23).
August 9, 2006
Michigan Will Replace Loans With Grants for Neediest Students
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