College combats debt by simply not accepting students who get loans3/20/2013
Missouri's College of the Ozarks will ease the burden of its students' debt simply by not allowing them to have it. The private Christian college is no longer accepting students who insist on taking out loans. While at first this seems like just about the worst thing in the world, it should be noted that College of the Ozarks handles tuition payments very uniquely already. Nicknamed Hard Work U, the college requires students to work on-campus jobs (maintenance, landscaping, cooking, feeding the pigs, etc.) in order to cover the bulk of their tuition. But for those students who still need further financial assistance – TOO BAD. NO LOANS FOR YOU. They can, however, pick up a few extra hours at the farm to make ends meet. [Source]
What do you think about this school's tuition model?