<p>I think it would be very helpful to compile a list of colleges that have a no-loan policy for those of us that will request financial aid.</p>
<p>Amherst College
Bowdoin College
Claremont McKenna College
Colby College
Columbia University
Dartmouth College
Davidson College
Harvard University
Haverford College (First-year students only)
Pomona College
Princeton University
Swarthmore College
UPenn (starting in 2009)
Williams College
Yale University</p>
<p>Stanford is no-loan, last time I checked.</p>
<p>Vanderbilt has a new no-loan policy, beginning with the entry class in 2009.
Scholarships</a> And Financial Aid | The Vandy Admissions Blog</p>
<p>It is important to remember that no-loan only means the FA packages do not include loans to meet demonstrated need. Loans may very much be necessary to meet the EFC, especially if the school is stingy in determining need.</p>
<p>Midwesterner, Vanderbilt's no loan policy will extend to all students, not just incoming freshmen. That's especially good news. AND ... they are readjusting seniors' awards for the spring to allow them a loan-free final term!</p>
<p>Standrews is correct in noting that no loans means no need based loans. Many families will still choose to borrow in order to meet their EFC, and they have that choice. In fact, it gives them even more leeway to borrow a Stafford loan - which will be unsubsidized. As freshmen, students can borrow up to $5500 in unsub Stafford. This would be on top of the grants & work study awarded by the school. The key with the no loans schools is to make sure they are known for being <em>fair</em> in their EFC computation.</p>
<p>bmup10char</p>
<p>Probably not a good idea to bump this thread, it is three years old and things change.</p>
<p>That’s why I want to bump it, so the changes will be put up.</p>
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<p>CrystalJ: Then maybe you’ll take the time to research the ones already listed and update that at least.</p>
<p>I meant so more schools would be put up, if there are more schools. I didn’t think it would be a problem.</p>
<p>I agree with capenn, that it would be in your best interest to research the schools that are already listed.</p>
<p>Many of the schools listed either no longer have a no loan policy (williams) or now have income caps with their no loan policies (Dartmouth, Columbia, Penn). It is very unlikely that there are new school with no loan policies when schools have good from being need blind to need aware and schools that once met 100% demonstrated need are no longer doing so.</p>
<p>Thank you for your response!</p>