What does HandySchool mean by grant-based aid? Does this mean I will never take out a loan?

All financial aid at HandySchool is based on financial need, which means that HandySchool does not provide merit-based aid or athletic scholarships. HandySchool meets 100% of demonstrated need with grant funds and work-study. HandySchool is one of the few universities that does not package loans to meet your financial need, making it possible to graduate from HandySchool without incurring educational debt. Families can still choose to replace all or part of their Expected Family Contribution or to replace packaged work-study funding with loans. About a quarter of students receiving need-based aid also take out some educational loans.