financial breaks for students

University of Chicago to offer financial breaks to Chicago high school students 

University of Chicago to offer financial breaks to Chicago high school students 
Source:  Chicagobusiness.com
It looks like the University of Chicago has decided that there's no place like home.

The school that traditionally sets its sights on the nation and the world is announcing an initiative designed 
to attract more students from its home town by making it more affordable for them to attend U of C.

Under plans being unveiled this afternoon with Mayor Rahm Emanuel, the university will allow any student 
in a Chicago high school — public, private or parochial — to apply for free without paying the usual 
$75 application fee.  And, if they're admitted and get financial aid, it will be in the form of grants and not loans 
that have to be repaid, meaning that Junior may be able to avoid tens of thousands of post- graduation debt.

"The University of Chicago has a long-standing commitment to improving urban education through research, 
innovative ideas and practices.  That commitment begins here in our city," said U of C President Robert J.  Zimmer, 
in a statement.  "While the average debt for students at the university has been shrinking .  .  .  (this program) 
represents an important new step in driving down debt for our students from Chicago — while also answering 
a call from Mayor Rahm Emanuel to help improve college opportunities for the city's students."

Mr.  Emanuel — whom I suspect wasn't at all shy about asking for this favor — said the new step "will help 
many young Chicagoans achieve their goals and graduate without a financial burden.  Chicago is committed to 
ensuring that every child has access to a high-quality education, from our preschools to our world-renowned universities." 

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