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The No-Loan Shell Game
How many loans would a no-loan school loan, if a no-loan school could give loans? If you said the answer was zero, you'd be wrong. In reality it's over 20,000 families with over a billion dollars in parent loans outstanding (across the 28 institutions with publicized no-loan or "Free tuition" plans). A couple of weeks ago Yale announced an expansion of "Free tuition" policies for students whose families are earning under 200k. I don't want to pick on Yale specifically, but we're gonna use thi
Daniel Rogers