July 11, 2008
At Davidson, Getting Rid of Loans Shows Early Signs of Success
Top colleges competed fiercely this spring to offer the best financial-aid packages for lower-income and middle-class students — and, in many cases, eliminated loans altogether. It is not yet clear what impact those new policies will have. But if Davidson College is any indication, they may well do just what the colleges wanted.
Davidson, which announced in the spring of 2007 that it would eliminate loans from its financial-aid packages, had a head start on colleges that
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