This doesn't eliminate all loans. It eliminates loans as a component of a financial aid packages. If you did not qualify for aid & need loans, those will stil

This doesn't eliminate all loans. It eliminates loans as a component of a financial aid packages. If you did not qualify for aid & need loans, those will still exist. I feel there's an "uncanny valley" when it comes to affording college. I came from a family of modest means so was able to attend a top (and expensive) school for very little. As an engineer at a large company I'm pretty sure my kids won't qualify for financial aid, yet it's unlikely we'll be able to afford the sticker price of a top school (~$70k/year/kid).