What is a No-Loan Pledge Scholarship?
Northwestern University initiated a No-Loan Pledge Scholarship program for incoming students beginning with the 2008-09 academic year. The purpose of the program is to allow qualifying students the opportunity to graduate from Northwestern without having to borrow need-based loans. The University’s administration also wanted to permit current students to qualify for the program. Those who qualify will have their loans replaced for the 2008-09 academic year as well as subsequent years of enrollment. Pledge Scholarship recipients will still be required to reapply for financial aid each year in order to establish grant and work eligibility. Some additional information about the Pledge Scholarship and related financial aid issues can be found on the Scholarships and Grants page.
