[Alex Murphy]

(Reuters) - A private, four-year Missouri college is so concerned about mounting debt of college graduates in the United States that it no longer will take students who insist on taking out loans. The policy on loans set by College of the Ozarks, an evangelical Christian school of 1,400 students located in a rural area near Branson, Missouri, may be a national first, according to Roland King, vice president for public affairs at the National Association of Independent Colleges and Universities.

I wasn't aware that they took students with loans before.

[Dr. Sivana]

I wasn't aware that they took students with loans before.

It looks like the students were taking out private loans, perhaps for living expenses. They might have applied for them after acceptance.

[kingu]

It used to be that you could only get college loans for, you know, paying for college. But now you can get college loans for anything that you might wish to spend money on WHILE at college. It is no longer written to the college, but instead written to the student, and is a debt that can not be discharged through bankruptcy or in some cases, even death, since many times the loans require cosigners.