Most Colleges Plan to Stick With Pledges to Limit Loans in Student Aid

Despite speculation that other colleges would follow Dartmouth College and Williams College in cutting back or dropping their no-loans student-aid policies, a new survey by the Project on Student Debt has found that none of the 50 other colleges the group identified with pledges to limit or eliminate loans plan to make major changes in those policies in the next two academic years. Some of the colleges, whose policies range from not including loans in any student’s financial-aid package to capping loans for students with family incomes below a certain level, have made smaller changes in their aid policies, such as increasing the expected contribution from students’ summer-work earnings or increasing work-study.