UVA Tells Low-Income Students to Borrow for School

From Businessweek:

In the latest and most high-profile example of a growing shift in college aid away from low-income students, the University of Virginia is cutting back on grants it gives to poor students, according to the Washington Post. For almost a decade, the school, through its AccessUVa program, vowed to cover a student’s full need if her family’s income was less than twice the poverty level (in 2013, $47,100 for a family of four). AccessUVa mostly awarded grants, though recently it added work-study as well. Now the school will be reducing grants and asking students to take out as much as $28,000 in loans over four years to replace them. (The cap will be $14,000 for in-state students.)

Read the full article here.

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