Williams College has effectively ended the no-loan student-aid program that it began during the 2008-9 academic year, citing the recession and a $500-million drop in the value of the institution’s endowment from June 2008 to June 2009. Williams’s interim president, William G. Wagner, announced on Sunday that no current students would be affected by the shift, and that “it now seems prudent to reintroduce modest loans for some aided students, beginning with the class that enters in the fall of 2011.” Williams was one of more than 40 colleges nationwide to offer no-loan or limited-loan financial aid.
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One Response to Williams College Eliminates No-Loan Student Aid
seiu615 - February 1, 2010 at 3:52 pm
This is a really sad day for the long effort to broaden college access to people shut out because of low family income. In fact, not just those with “low” family income — with tuitions reaching over $50,000 in many cases, we’re talking about a terrible impact even on students with a decent family income.