Ta-Da! U. of Pennsylvania’s ‘No-Loan’ Financial-Aid Policy Becomes ‘All-Grant’

By Andy Thomason. The University of Pennsylvania has a new financial-aid policy. Or, at least, a new name for it.
The university’s student newspaper, The Daily Pennsylvanian, reports that Penn changed the name of its financial-aid policy this summer from “no-loan” to “all-grant.” A no-loan policy is one in which the university does not give out loans as part of financial-aid packages, instead relying primarily on grants. More...