AMHERST COLLEGE TO REPLACE LOANS WITH SCHOLARSHIPS IN FINANCIAL AID PACKAGES FOR ALL STUDENTS BEGINNING IN 2008-09

US Fed News Service, Including US State News | July 19, 2007 | Copyright

Amherst University issued the following press release:

Amherst College's trustees have voted to replace all loans with scholarships in its financial aid packages beginning in the 2008-09 academic year. In 1999, Amherst became the first college in the nation to eliminate loans for low-income students. This new policy will eliminate loans for all Amherst students.

Once implemented, the new policy will affect not only incoming students in the Class of 2012, but also current Amherst students.

"Eight years ago, Amherst demonstrated its commitment to being a leader in making education more ...

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