Michigan State University to Eliminate Loans for Low-Income Students

Following the lead of the University of North Carolina’s Carolina Covenant and the University of Virginia’s AccessUVA programs, Michigan State University is eliminating loans as part of the financial aid package for low-income students. The new Spartan Advantage program will substitute student loans with outright scholarship grants and work-study programs for students from families with very low incomes.

In order to qualify for the new program students must be enrolled full-time, be eligible for a federal Pell Grant, and come from a family whose income is below the federal poverty line.