Franklin & Marshall College recently announced a new financial aid initiative that may have an impact on your work and the students you recimmend to us.
In an effort to help families manage the challenge of college affordability and the student loan debt, F&M has launched the Student Loan RElief Program. Through this effort, we are capping federal loans packaged for qualifying students at a total of $10,000 for their four years of studying.
We know that now more than ever, the students you advise are facing the perception that a high-quality education is not affordable. National data shows that this is particularly true for the students in the "middle brackets," whose representation on selective private college campuses declining.
Our new Loan relief program benefits students who recieve institutional grants of $1 to $30,000 to help ensure that the high-achieving studentsfrom the middle-income bracket don't miss out on enrolling at F&M became a financial concerns. I have enclosed a short documentexplaining how the program works, along with a handy outline of F&M's approach to academic excellence, commitment to students' postgraduate success, and supportive intellectual and social communities.
An education is the most important investment a family can make. At F&M, we are committed to launching our students on trajectories of success. Limiting the level of debt they carry in their early years after college is a vital part of that commitment.
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