New America Report Claims Marquette Redirects Low-Income Families Toward Risky PLUS Loans
TL;DR Summary
A New America report names Marquette University among 41 colleges allegedly steering low-income families toward high-interest Parent PLUS loans while granting aid to wealthier students; the study notes 34% of Pell Grant recipients who left or graduated in 2020–21 also borrowed PLUS loans, with an average debt of $30,089, while the university awarded about $22,000 in non-need-based grants. Marquette says the PLUS loan option is shown separately to help families understand options and cites affordability efforts; experts warn that financial‑aid leveraging can drive up costs and reward wealthier families.
Topics:business#college-affordability#education#financial-aid#marquette-university#new-america-report#parent-plus-loans
- Marquette University accused of pushing lower-income families toward risky loans WPR
- DePaul and Loyola accused of pushing low-income families toward hefty loans while favoring wealthier students Chicago Sun-Times
- The Subprime PLUS Loan Crisis: How Dozens of Universities Steer Low-Income Families to Debt They Can't Afford New America
- DePaul, Loyola Chicago accused of steering low-income families to take out large loans FOX 32 Chicago
- Colleges Steered Pell Students to Parent PLUS Loans, Report Finds Inside Higher Ed
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