Particular colleges opt to not package during the that loan you to definitely families might not be eligible for or even be in a position to manage. As an alternative, they simply provide families with information towards program.
“We let them know concerning the different alternatives he’s, but we won’t come in and package in a cards-based mortgage when it comes down to family unit members,” says Frank Mullen, movie director off financial aid at Berklee College out of Music. “To place that loan as part of somebody’s bundle with no knowledge of whether or not they’d getting recognized? I recently would not feel comfortable with it.”