Colleges Replacing Loans with Scholarships and Grants

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Colleges Replacing Loans with Scholarships and Grants

The average college student is graduating with $20,000 plus in student loans. Some going to expensive or graduate schools can end up $100,000 in debt. With school costs rising every year, the situation has been getting worse.

But now, one by one, schools are beginning to grasp that letting their students graduate and start working life in debt for 10 or 20 years is not exactly a ringing endorsement. Recently, several schools have decided to do something about it and have removed college loans from their financial aid packages and replaced them with either scholarships or grants.

Some have replaced all loans, while others have done it just for the students with the lower family incomes. Below is a list of many of the colleges that have implemented a loan replacement program. For more information, visit the school website or check at College Scholarships, Loans and Grants.

  • Amherst College, Amherst MA
  • Boston University
  • Bowdoin College
  • Brown University
  • California Institute of Technology, Pasadena CA
  • Colby College, Waterville ME
  • Columbia University, Manhattan NY
  • Cornell University
  • Dartmouth College
  • Duke University, Durham NC
  • Emory University
  • Fairfield University
  • Georgia Institue of Technology
  • Harvard University, Cambridge MA
  • Johns Hopkins University
  • Lehigh University
  • Massachusetts Institue of Technology
  • Michigan State University
  • North Carolina State University
  • Northwestern University
  • Pomona College, Claremont CA
  • Princeton University, Princeton NJ
  • Rice University
  • Stanford University
  • Swarthmore College, Swarthmore PA
  • Texas A&M
  • Tufts University
  • University of Arizona
  • University of Maryland, MD
  • University of North Carolina, NC
  • University of Virginia, VA
  • Vanderbilt University
  • Vassar College
  • Wellesley College
  • Wesleyan University, Middletown CT
  • Williams College, Williamstown MA
  • Yale University, New Haven CT

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