According to an article from the Washington Post, the University of Virginia will be dedicating $16M to keep the university affordable.

The plan, dubbed Access UVa will attempt to eliminate need-based loans for low income students attending the university, a plan to cap needs-based loans for all students (in state and out of state) to 25% of four year tuition at the University, and other measures to ensure that students who have the aptitude but not the financing will be able to attend the school.