Missouri College Says “No Loans”
An evangelical Christian college located near the southwest Missouri resort town of Branson is making it difficult, if not impossible, for students to obtain any loans.
The Springfield News-Leader says the College of the Ozarks has stopped certifying private student loans. It’s barred state and federal loans since the 1990s.
Longtime College of the Ozarks President Jerry C. Davis says “debt is bad.”
Of the school’s 1,350 students, 250 to 300 currently receive a loan, often from a bank in their hometown. The college is trying to make is easier with new ways for students to adjust. They include expanding summer work opportunities and freezing room-and-board costs.
The college itself is debt free. Its policy is to have the cash in hand before putting up a new residence hall or any other building.
– Bob Hamilton, KMOX News