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Hechinger Report: Some universities trying to discourage student loans

10/24/2012 6:00 PM

​...Meanwhile, the City Colleges of Chicago have tried to make the application process more meaningful by requiring students to fill out separate forms before they take out loans, rather than simply checking off a box on one financial-aid form.

The colleges also require all students to attend mandatory “college-success” seminars that include financial advice and meetings with counselors, who hand over what might be the most effective deterrent to financial risk: a copy of the applicant’s borrowing history....

Read full story at the Hechinger Report; a version of this story also on CNN Money

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