The University of Chicago pledged Monday to eliminate loans from the financial aid packages it offers incoming students from Chicago, the centerpiece of a new initiative aimed at helping high school students across the city succeed in college.
The initiative, UChicago Promise, is an effort to get more Chicago students to enroll in college and help them navigate the application process.
"A college degree makes a huge difference in the lives of students and the trajectory of families," university President Robert Zimmer said during a news conference at Kenwood Academy High School. "Students from the city of Chicago should be aiming very high to fulfill their potential. We want them to attend the best school — the best college possible — that suits their needs, interests and abilities."
In addition to replacing loans with grants and other nonrepayable student aid, the U. of C. will waive the $75 application fee for all applicants who attended high school in Chicago. Aspiring college students can also enroll in free mentoring programs available through UChicago Promise.