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Bowdoin College Eliminates Loans from Financial Aid Packages

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Bowdoin College announced that it has joined the ranks of colleges that have eliminated loans from their financial aid packages. These loans are being replaced by outright grants (or need-based scholarships) to its current and incoming students. It is the first college with an endowment of under $1 billion.Bowdoin Hubbard Hall
Others that have made similar announcements are Harvard, Yale, Princeton, Williams, Pomona, Amherst, and Swarthmore. Both Haverford and Davidson have announced similar plans.
This should be good news for middle income families who would like to see their kids attend prestigious eastern universities. I predict many more universities will follow suit in the coming weeks and months.
Mark Montgomery
Montgomery Educational Consulting

Mark Montgomery

Mark Montgomery

Mark is the Founder and CEO of Great College Advice, a national college admissions consulting firm. As a career educator, he has served as a college administrator, professor of international relations at the University of Denver and the Hong Kong University of Science & Technology, program consultant at Yale and the University of Kansas, government instructor at Harvard and Tufts, high school teacher of French, and a Fulbright teacher of English in France. He has personally helped hundreds of students from around the world map their college journeys. Mark speaks on college preparation, selection, and admission to students and parents around the world, and his views have been published in major newspapers and journals.

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Mark Montgomery

Mark Montgomery

Mark is the Founder and CEO of Great College Advice, a national college admissions consulting firm. As a career educator, he has served as a college administrator, professor of international relations at the University of Denver and the Hong Kong University of Science & Technology, program consultant at Yale and the University of Kansas, government instructor at Harvard and Tufts, high school teacher of French, and a Fulbright teacher of English in France. He has personally helped hundreds of students from around the world map their college journeys. Mark speaks on college preparation, selection, and admission to students and parents around the world, and his views have been published in major newspapers and journals.

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