[NU Sports] NU Names Morton Schapiro as new President

[John Labbe]

1) I don't think you have to worry about NU reducing its financial aid  
packages.  If anything, elite schools have been increasing financial  
aid recently to compete for the best students regardless of financial  
need.

2) Indeed, that's apparently what's happened at Williams.  If you read  
all the FAQs at that site, you'll see that 100% of each student's  
financial need is met with grants and no loans.
http://www.williams.edu/admission/finaid_faq.php?id=1#1

3) Although NU hasn't entirely eliminated loans in its financial aid  
packages, this past year it eliminated loans for students with the  
greatest need and capped loans at $20,000 over 4 years.  Any financial  
need in excess of $20,000 over four years is satisfied with grants,  
and students with the greatest need don't have to take out any loans.
See http://www.northwestern.edu/newscenter/stories/2008/01/noloanpolicy.html

4) Keep in mind that this all applies to a student's "need" as  
calculated by the financial aid office.  Frequently the expected  
family contribution as determined by the university is more than the  
family wants to contribute.  Therefore, many students will still take  
out loans to meet the difference between the university's expected  
family contribution and the actual family contribution.



On Dec 17, 2008, at 9:27 PM, Michael Vance wrote:

> And replaced them with...?  Did they increase grant money or not  
> just make so that if you can't afford it, you can't go there?  If  
> the latter, then I certainly hope Schapiro doesn't try to institute  
> something similar at NU.  (Disclaimer: I'm not just saying that  
> because I work for Sallie Mae.  NU isn't even a Sallie Mae school.)   
> Loans should be the financial aid of last resort, but sometimes they  
> are necessary.
>
> -M
>
> Evan Bradley wrote:
>> Williams has eliminated loans from their financial aid packages:
>>
>> http://www.williams.edu/admission/finaid_faq.php?id=7
>>
>> On Tue, Dec 16, 2008 at 4:11 PM, Jonathan Michael Hawkins
>> <spiritu at northwestern.edu> wrote:
>>
>>> http://www.northwestern.edu/newpresident/
>>>
>>> I've been looking for some stories about Schapiro and college  
>>> sports; he's
>>> definitely taken an interest in the subject at Williams:
>>>
>>> http://www.usatoday.com/sports/college/other/2005-06-17-directors-cup_x.htm
>>>
>>> http://www.trincoll.edu/AboutTrinity/leadership/jones/inauguration/schapiro.htm?WBCMODE=PresentationUnpub%2CPresentationUnpub%2CPresent
>>>
>>> http://vault.sportsillustrated.cnn.com/vault/article/magazine/MAG1026963/index.htm
>>>
>>> http://talk.collegeconfidential.com/williams-college/520547-sports-culture.html
>>>
>>> http://www.ephblog.com/archives/images/athletic_report.htm
>>>
>>> ---
>>>
>>> In the non-athletics realm, I'm very, very interested to see what an
>>> economist with an eye towards making education more affordable to  
>>> acquire
>>> does for NU.  It'll be entirely too late for me (and the  
>>> ridiculous debt
>>> load NU has put me into), but I am very hopeful that at the helm  
>>> of a
>>> prominent University located in a newly-nationally-relevant city,  
>>> Schapiro
>>> can make some g
>>> good changes.
>>>
>>> Thoughts on either?
>>>
>>> J
>>> _______________________________________________
>>> nwu-sports site list
>>> nwu-sports at tssi.com
>>> http://romaine.tssi.com/mailman/listinfo/nwu-sports
>>>
>>>
>>>
>>
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>
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