More colleges are reducing the burden of student loans after graduation.
Carleton College, a private liberal-arts college in Minnesota, recently joined the list of schools eliminating student loans from their financial aid packages, instead offering students grants and scholarships that do not need to be repaid.
In its announcement, Carleton said that one-third of every incoming class over the past decade has come from middle-income households, and those students will benefit most from eliminating student loans. The change will apply to both new and current students, the school said.
“Eliminating loans from our financial aid packages will…
