College Takes Steps to Make Sure Its Students Graduate Debt-Free

The College of the Ozarks, a Christian liberal-arts institution in southwestern Missouri whose students pay no tuition, has stopped certifying private student loans in an effort to ensure that its students graduate debt-free, the Springfield News-Leader reported. The college, which describes itself as offering the “Hard Work U” experience, has not accepted state or federal student loans since the 1990s. It does accept any grant aid that students qualify for. Students work on the campus to pay part of their tuition, and the college makes up for the rest through institutional scholarships. Some students still borrow, though, to cover living expenses. The college’s latest move will make it difficult, if not impossible, for students to obtain loans. “The driving force behind this is that debt is bad, and we should not allow these students to do that,” the college’s president, Jerry C. Davis, told the newspaper.

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