Swarthmore Eliminates Loans

Paying for College
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<p>Swarthmore Eliminates Loans in Financial Aid Awards
To further relieve the financial pressures facing students and their families, the Swarthmore College Board of Managers made the decision this weekend to replace all loans with scholarships in financial aid awards, effective the 2008-09 academic year, for both continuing and new students. </p>

<p>Read more: Swarthmore</a> College | News | Swarthmore Eliminates Loans in Financial Aid Awards</p>

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<p>Wow, this is fantastic. Wish it had happened about 8 years ago, as my daughter (class of '04) has $16,000 in loans right now. Still, I have a niece who is a freshman there, and that is great for her (and my dear sister, her mother!)</p>