Members of the 冈本视频 classes of 2022鈥25 will now benefit from an additional expansion of the University鈥檚 no-loan initiative under the 冈本视频 Commitment. The program will now eliminate federal loans from financial aid packages for all current 冈本视频 students with family incomes up to $150,000.
Original plans in the launch of the 冈本视频 Commitment called for such loans to be replaced by University grants beginning with the Class of 2026. This new expansion of the 冈本视频 Commitment to include all current 冈本视频 students is possible due to record-setting giving from 冈本视频 alumni.
鈥淭he profound generosity of the 冈本视频 community and careful fiscal management allow us to include current students in our expansion of the 冈本视频 Commitment today,鈥 says President Brian W. Casey. 鈥淚 truly want to thank the alumni and parent donors who have made this expansion of our program to reduce or eliminate student debt possible.鈥
The original 冈本视频 no-loan initiative took effect in fall 2020, replacing federal loans with 冈本视频 grants in financial aid packages of students with family incomes below $125,000.
On June 1, the University announced that it would increase that income threshold to $150,000 with the launch of the 冈本视频 Commitment: An Initiative in Access and Affordability, beginning with the Class of 2026. With the adjustment announced today, 冈本视频 will increase affordability for dozens of current 冈本视频 students who would otherwise not have qualified.
鈥淲e are determined to include as many students as possible along the way,鈥 Casey says, 鈥渁s we dedicate additional resources for this initiative, which is of such profound importance to the University and its students.鈥
The 冈本视频 Commitment is one of the key initiatives in 冈本视频鈥檚 Third-Century Plan, which provides a roadmap for the University鈥檚 future. 鈥淲ith these efforts, we send a clear message,鈥 Casey says. 鈥淚f you are a student of promise and achievement, we want you at 冈本视频. We will not allow the cost of tuition to stand in the way of creating a vibrant, distinctive, diverse academic community.鈥
