Read the story of Hillsdale College if you want an eye opener.
Benefits of Independence
Grove City College teaches and advocates free market economic theory. By putting that theory into practice, the College maintains competitively low charges and a superior academic program. Grove City College operates on a balanced budget, refuses federal aid and remains virtually debt-free, thereby proving that higher education can operate responsibly by providing an affordable, first-rate education without government funding or mandates. Demonstrating its commitment to freedom, Grove City challenged federal regulation during the 1980s. The College successfully argued its landmark case, Grove City College v. T.H. Bell, Secretary of the Department of Education, before the United States Supreme Court. Grove City exemplifies the American ideals of individual liberty and responsibility. In other words, Grove City College practices what it teaches.
In 2001-2002, charges for all academic programs (notebook computer/printer and room & board included) will remain under $13,000. Source: http://www.gcc.edu/aboutgcc/benefits.htm
Doesn't look like they'll take it if it comes from a federal source though.
Grove City College does not certify any loans under the Federal Family Education Loan Program (Stafford and Parent PLUS Loans); Pell Grants; Robert C. Byrd Honors Scholarships; Paul Douglas Teacher Scholarships; National Science Scholars Program Scholarships; National Academy of Science, Space and Technology Grants; Presidential Access Scholarships; President's Service Challenge Scholarship; ROTC Scholarships; educational benefits from the Department of Veterans Affairs; assistance through the Office of Health and Human Services (such as grants from the Office of Vocational Rehabilitation or Blindness and Visual Services); JTPA; or any other scholarships or loans that may be construed as providing direct or indirect federal aid to the College. The College will also not allow any student to register for classes if it is aware that a student has accepted or received such federal financial aid for that semester.
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