Friday, March 14, 2008

Lehigh University to enhance financial aid policy


A new initiative designed to further enhance the university’s approach to need-based financial aid was announced today.
Beginning in the 2008-09 academic year, the following grants are going to take place:

• Loans will be eliminated for students who are eligible for financial aid (family’s calculated annual income is less than $50,000).

• Loan Reduction Initiative for students who are eligible for financial aid ( family’s calculated annual income is between $50,000 and $75,000) - loans will be limited to a maximum of $3,000 per year.

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