October 10, 2003

U. of N. Carolina Opts for Grants Over Loans

The University of North Carolina at Chapel Hill announced plans last week to replace loans with grants for needy students, making it the first public university in the country to follow a strategy that several elite private institutions, including Harvard and Princeton Universities, have adopted in the last few years.

Beginning next fall, Chapel Hill will eliminate loans from each low-income freshman's financial-aid package as long as the student works on the campus 10 to 12 hours a

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