Vanderbilt University Eliminates Student Loans

Vanderbilt University has joined the growing list of high-ranking colleges and universities that will no longer include student loans in its financial aid packages. Starting next fall Vanderbilt will substitute scholarship grants for loans to all students qualifying for financial aid.

Vanderbilt University has made tremendous progress in recent years in increasing the number of black students on campus. In 1995 only 4 percent of incoming freshmen at Vanderbilt were black. In 2007 blacks made up more than 10 percent of the freshman class at the university. Vanderbilt ranked fourth in the 2007 JBHE annual survey of black freshmen at the nation’s 30 highest-ranked universities.