December 15, 2007
Some Colleges Cut, Eliminate Student Debt
"Colleges are moving to eliminate -- or at least ease -- student debt as pressure builds in Washington for them to spend more from their endowments to help families afford the rising cost of school.
This month, Williams College announced that it will eliminate loans from all financial-aid packages beginning next school year and replace them with grants. Amherst College recently announced a similar initiative. And Davidson College in Davidson, N.C., began this fall replacing loans with grants and student employment."
See also: Harvard Sweetens Financial Aid for Middle Class, Wall Street Journal [RJ]
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