{"id":594253,"date":"2026-02-16T15:12:17","date_gmt":"2026-02-16T15:12:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/594253\/"},"modified":"2026-02-16T15:12:17","modified_gmt":"2026-02-16T15:12:17","slug":"report-claims-loyola-depaul-in-chicago-are-among-universities-pushing-high-interest-loans-on-low-income-families","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/594253\/","title":{"rendered":"Report claims Loyola, DePaul in Chicago are among universities pushing high-interest loans on low-income families"},"content":{"rendered":"

A new report finds Loyola and DePaul universities in Chicago are among 41 colleges that appear to push lower-income families toward high-interest Parent PLUS loans.<\/p>\n

As the universities do so, they offer expansive financial aid packages to wealthier families, according to the report by the left-leaning think tank New America.<\/a><\/p>\n

The report found that some parents are pushed to take out loans that exceed their annual earnings, pushing them into debt they can’t afford.<\/p>\n

Meanwhile, the report says upper-income families with high-achieving students are often offered scholarships on the assumption that they could be high-value donors after graduating.<\/p>\n

The report found that in 2023, the 41 universities the think tank identified spent a collective $2.4 billion of their own financial aid funds on students who did not need aid.<\/p>\n

But more than 32,000 families of Pell Grant recipients who graduated from or left the 41 schools in the recent pasts were struck with Parent PLUS loans, with a median debt load of about $30,000 each, the report said.<\/p>\n

More than half of DePaul students whose parents took out the high-interest Parent PLUS loans also received Pell grants, the report said. At Loyola, that figure was just under half.<\/p>\n

CBS News Chicago has reached out to both universities for comment.<\/p>\n

\n More from CBS News\n <\/p>\n

In:<\/p>\n","protected":false},"excerpt":{"rendered":"A new report finds Loyola and DePaul universities in Chicago are among 41 colleges that appear to push…\n","protected":false},"author":3,"featured_media":594254,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5124],"tags":[960,25432,5386,1818,107523,92187,75850],"class_list":["post-594253","post","type-post","status-publish","format-standard","has-post-thumbnail","category-chicago","tag-chicago","tag-depaul-university","tag-il","tag-illinois","tag-loyola-university","tag-student-debt","tag-student-loan"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116080958046970097","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/594253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=594253"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/594253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/594254"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=594253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=594253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=594253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}