|Posted: Tue Feb 03, 2004 9:05 pm
Post subject: Re: loan you don't have to pay back
Someone was telling me that they heard about a student loan that does
not have to be paid back if you make B's or higher throughout college.
Has anyone heard of this, and if so do you have any information on it?
Thanks so much!
There are no government loans of this type.
A few colleges may include "incentive loans" as part of their financial
aid package to a student - the loans are forgiven if the student meets
certain requirements such as maintaining a particular grade average
and/or remains to graduate from that college. But another college may
offer the same thing in up-front grants with no strings attached, so
it's not something particularly useful when choosing colleges to apply
to. I know of no available list of schools that may offer incentive loans.
Of more use may be a list of schools that offer guaranteed
scholarships/grants to students who meet certain criteria. For that, try
the website at http://www.guaranteed-scholarships.com/
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410