‘How can I ever repay you?: Catholic colleges and the student loan crisis

February 11th, 2014 by 
Lynne Myers

Lynne Myers, director of financial aid at the College of the Holy Cross, is featured in the cover story of the February issue of U.S. Catholic Magazine.  Myers discussed how one of the College’s top priorities is making a Holy Cross education accessible and affordable for low-income students.

Holy Cross started an initiative six years ago to offer free tuition to Worcester students who were accepted to the College if their family income was under $50,000. Myers explained these families were already essentially receiving free tuition once their aid package has been added up, but that was being lost in complicated piles of paperwork. “Financial aid has so many details that people get lost in the data,” explains Myers. “It’s much easier to say, ‘If your family income is under $50,000, you will be able to come here and receive a free education.’”

While some debt may be necessary for students and their families, Myers tells students that a college education will pay off, especially if they’ve borrowed smartly. “Your education is a benefit that never stops,” she says. “Your degree will never expire. Your education is going to give back to you for the rest of your life.”

This “Holy Cross in the News” item is by Sara Bovat ’14.

For additional information, please contact Cristal Steuer at 508-793-2419.

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