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Some colleges help students avoid, handle debt

Now that President Obama has earned reelection, the Student Loan Ranger is anxious to see if he’ll be able to fulfill his promises to address colleges’ soaring tuition and skyrocketing student debt balance, U.S. News reports. For example, you may remember a promise to hold schools accountable for costs. And the Student Loan Ranger hopes the administration will require schools to adopt initiatives like the Financial Aid Shopping Sheet and College Scorecard. There are also a few things schools could do–which some are already doing–to help students. One of the best ways to ensure students aren’t laden with student debt is to minimize the need to borrow. One ambitious method has been put at place at schools including Davidson College in North Carolina, which instituted a “no loans” financial aid policy in 2007…

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