<p>Just curious how their aid works. It states on their website that they meet 100% of demonstrated need through a combination of grants, scholarships, and loans. My question: is the loan portion they are referring to generally federal loans for the student or do they expect people to take out private loans? My son is very interested in this school and we will not be able to take out any private loans (credit problems). I expect our EFC will be in the 8-10K range which we will be able to pay.</p>
<p>The loan portion they are referring to consists of federal loans (Stafford or Perkins). In the past, Kenyon offered institutional loans, which are paid back directly to the college, but I am not sure if they still do this. Private loans would not be a part of the financial aid package, since they are not administered by the college.</p>
<p>Yes, they still offer institutional loans that are paid back directly to Kenyon. Can’t comment on how much they will give - we received a small (yet very much appreciated) amount each year.</p>
<p>My fin. aid package says the budget for room/board is $9500, but I’m in a triple which barely costs $3240 per year…am I gonna be refunded the balance? lol…not really funny tho’</p>