Swarthmore replaces all student loans with scholarships
“To: All Alumni
From: Alfred H. Bloom, President
Re: Board of Managers Decision
I’m delighted to share the news that this past Saturday the Board of Managers made the decision to replace all loans with scholarships in student financial aid awards, effective the 2008-09 academic year, for both continuing and new students.
For many students the new policy will mean being able to chose Swarthmore and to engage fully their educational experience here free of debt. Moreover, an educational community marked by greater equality and opportunity empowers all students to become leaders in shaping a more just and generous world.
I’m proud that Swarthmore continues to build on its most deeply held values.”
- This is pretty amazing, overwhelming debt often leads to bad decisions and a feeling of imprisonment. Well played swarthmore. I hope this encourages more swarthmore students to explore entrepreneurship instead of ibanking or law.
Read more in the Philadelphia Inquirer
4 years ago