Haverford College Eliminates Loans for Entering Low-Income Students

Haverford College, the highly regarded liberal arts college in suburban Philadelphia, is the latest prestigious educational institution to broaden its financial aid package for low-income students. Under the new program, the college will increase its financial aid budget by 25 percent. All incoming freshmen who qualify for financial aid will receive only scholarship grants and will not have to assume any debt. Loans for continuing students will also be significantly reduced.