“No student loans”... Too good to be true, right? Twenty-five schools now offer “no loans” finacial aid policies to help undergraduate students pay for school. But what does “no loans” mean? “No Loans” finacial aid packages generally seek to replace students loans with grants or scholarships that do not have to be repaid. Each college has its own policies, so the term may differ across institutions. “No loan” does not mean that the college eliminates student loans from their finacial aid packages. Some universities require a minimum student contribution or a part-time employment while others require a parental contribution. Though “no loans” policies, most college aim to cover the family’s demostrated finacial need based on cpmpletion of the Free Application For Federal Student Aid (FAFSA). Therefore, for some the “no loan” finacial aid policies, the family income of a student would need to be less than a specific t...