Ohio State University is launching an initiative giving undergraduates the chance to graduate debt-free from a four-year degree, the school’s president announced Friday. The initiative, called Scarlet & Gray Advantage, will begin with a small pilot in the autumn semester of 2022, with 125 low- and middle-income first-year students. Ohioans and U.S. non-residents can apply for the program. The program will include a combination of scholarships and grants, paid internship and work opportunities, and financial contributions from the enrolled students’ families. The university believes it’s the first large university to offer a debt-free option for a student’s total costs, including tuition and fees, housing and dining, books, travel, and daily living expenses. “Today, about half of [Ohio State] students graduate with debt, and that debt averages $27,000,” President Kristina M. Johnson said in her investiture speech Friday. “They make life-narrowing choices because of those loans, such as not pursuing a career they’re passionate about … …
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