In 2008, Brown began replacing the University-packaged student loan component with additional University Scholarship for families with a total parent income of less than $100,000. The Brown Promise eliminates the $100,000 total parent income threshold and expands this initiative to aid recipients eligible for University Scholarship. This means that 100% of every student’s demonstrated need is met with an initial package that includes scholarship and work only — no loans. The following examples demonstrate how the Brown Promise impacts awards at different income levels.

 

Family #1: Total Income < $100,000       
Prior to the Brown Promise, families with a total income of less than $100,000 already received the benefit of not having loans packaged as part of their initial aid package.                                     

Prior to the Brown Promise

 

Under the Brown Promise

Campus Employment

$2,900

Campus Employment

$2,900

Student Loan

$0

Student Loan

$0

Brown University Scholarship

$45,000

Brown University Scholarship

$45,000

 

Family #2: Total Income = $130,000
Prior to the Brown Promise, families with a total income over $100,000 would have had their demonstrated need met with a combination of loans, work and scholarship. Under the Brown Promise, the $4,000 Student Loan is replaced with additional scholarship and all demonstrated need is met with scholarship and work only. 

Prior to the Brown Promise

 

Under the Brown Promise

Campus Employment

$2,900

Campus Employment

$2,900

Student Loan

$4,000

Student Loan

$0

Brown University Scholarship

$30,000

Brown University Scholarship

$34,000


Student loan availability

Although student loans are not provided in the initial award package, the Brown Promise does not eliminate a student’s or family’s ability to borrow loans. Upon request, students may have the opportunity to borrow loans to replace some portion of the family contribution, employment expectation or additional costs for expenses such as summer classes, study abroad, etc.  Every student’s situation is different, and a modest loan in order to defer some educational expenses until after graduation is an option that continues to be available.

Additional information is available in our Brown Promise Frequently Asked Questions.