It’s not surprising that graduating with a debt of $27,000 seems too daunting for many prospective students and they are forced to give up on dreams of a further education, pursuing a chosen career, or buying a home. An ambitious, 10-year plan by Ohio State University seeks to address this problem by raising $800 million to eliminate all loans from financial aid packages given to undergraduates. The state will have to spend $110 million a year to provide students with scholarships, work opportunities and paid internships. This move by one of the largest state universities will impact more than 40,000 students and Kristina Johnson, the president of Ohio State, is excited by the scale that they can achieve. "We want people to follow their passions, what they're really interested in, because we know when they do that, they're going to be most successful, satisfied, happy and fulfilled," she says.
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