POMONA COLLEGE REPLACES LOANS WITH SCHOLARSHIPS,
ELIMINATES STUDENT DEBT
Pomona College, one of the nation’s premier liberal arts colleges, will eliminate loans in financial aid packages and replace those amounts with scholarships, effective 2008-09. The change will apply to both current and future students and was approved by the College’s Board of Trustees on Wednesday, December 12, 2007.
2007-08 POMONA COLLEGE FACTS & FIGURES
Number of students: 1520
Tuition and room and board: $45,383
Percent of Pomona College students on financial aid: 53%
Average financial aid package: $33,500
Average scholarship: $30,500
Estimated amount of college funds to be spent on scholarships: $21.6 million
Total Pomona College budget: $131.8 million
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3 comments:
wow! that is so impressive. I think Haverford's endowment is too small to make such a move.
I'm wrong! They've replaced incoming students' loans with grants!
http://tinyurl.com/yry8hn
That's great!
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