December 6, 2009

To Get This Grant, Students Have to Take 'Personal Finances 101'

To Get This Grant, Students Have to Study Financial Literacy 1

Michael Okoniewski for The Chronicle

Syracuse U. canceled part of Patrick Ebo's loan and gave him a grant. In return, he has to attend financial training sessions each semester.

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close To Get This Grant, Students Have to Study Financial Literacy 1

Michael Okoniewski for The Chronicle

Syracuse U. canceled part of Patrick Ebo's loan and gave him a grant. In return, he has to attend financial training sessions each semester.

By Beckie Supiano

Sierra M. Jiminez was on track to borrow more than $44,000—some $32,000 of it in private loans—just to pay for her first two years of college. Then, last winter, she got some surprising news. Syracuse University had canceled her $8,119 private loan for the spring semester and replaced it, not with another type of loan, but with a simple grant. And she could get similar aid for the rest of her time there.

The catch: She has to attend financial-literacy training each

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