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Colleges With "No Loans" Financial Aid Policies


A handful of schools have instituted policies that ensure that low income students have no loans in their financial aid packages by replacing federal student loans with grants that the university pays.


How to Qualify

In many cases, you have to be a low-income student (as defined by the school) to qualify. Here are several examples of how you might qualify:

  • You’re eligible for the Federal Pell Grant
  • Your family’s annual income falls below a particular income threshold (typically $40,000 to $60,000)
"No Loan" Colleges Include:
Military Service Academies

The U.S. Armed Forces operate five military service academies that provide a high-quality 4-year college education. Students graduate with a Bachelor of Science degree and are commissioned as officers (second lieutenant or ensign) in the corresponding branch of the U.S. military. The costs of tuition, fees, textbooks, room and board, as well as medical and dental care are covered in full. Students also receive a small monthly stipend. In exchange, they commit to a service obligation of at least five years.

The service academies include:


Some colleges and universities charge zero tuition. These institutions include: