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College Student Loans
Rejected

College student loans have actually been rejected as financial aid for college by some schools, themselves.


A number of colleges with large endowments have said, "No more!" to their students graduating with crushing debt.

But, not all "no loan" schools are actually that.

Included in this label are schools with loan caps, or schools that have minimum income requirements for a no loan guarantee.

And some schools who had 'no loan' policies a year ago, have now backed away from this policy because of the recession.

So, which schools have the best "no loan" policies?



Top 10 'No College Loans for Students' Schools

(To make my top 10, schools must have no maximum income limit for their no college student loans policies.)

#10

Williams College

Located in Massachusetts, this school has tied for first (with Amherst College) in the academic reputation category for undergraduate only schools in every U.S. News & World Report's college survey. You can view their financial aid policy here:

On January 31, 2010, the interim President of Williams College announced an end to the no-loan policy (except for the neediest students) because their endowment has dropped by $500 million in the market crisis.

Announcement of changes

#9

Colby College

Located in Waterville, Maine, Colby College has been named one of the "25 New Elite Ivies" by the Kaplan College Guide. It is ranked as the the 15th best liberal arts college in the country by both Forbes and Kiplingers. You can view their financial aid policy here:

Colby financial aid

#8

Pomona College

Located in California, Pomona is rated as the third best value liberal arts college (2009) in the nation by U.S. News and World Report. It has also been named by Newsweek as one of twenty-five "New Ivies." You can view their financial aid policy here:

Pomona financial aid

#7

Davidson College

Located in North Carolina, Davidson has consistently ranked in the top ten liberal arts colleges by U.S. News and World Report and it has also been named by Newsweek as one of twenty-five "New Ivies." You can view their financial aid policy here:

Davidson financial aid

#6

Vanderbilt University

Located in Nashville, Tennessee, Vanderbilt is ranked seventeenth for national universities by U.S. News and World Report. More than 70 different majors are offered in this large research university. You can view their financial aid policy here:

Vanderbilt financial aid

#5

Columbia University

Located in New York City, Columbia University is ranked 8th (tied with the University of Chicago and Duke University) among national universities by U.S. News and World Report 10th among world universities by the THES-QS World University Rankings. You can view their financial aid policy here:

Columbia financial aid

#4

Swarthmore College

Located in Swarthmore, Pennsylvania, Swarthmore offers more than 600 courses a year and over 50 different majors. It is ranked #3 in U.S. News and World Report's 2010 college rankings for liberal arts colleges. You can view their financial aid policy here:

Swarthmore financial aid

#3

Amherst College

Located in Massachusetts, this school has tied for first (with Williams College) in the academic reputation category for undergraduate-only schools in every U.S. News & World Report's college survey. You can view their financial aid policy here:

Amherst financial aid

#2

Princeton University

Located in New Jersey, Princeton was ranked second (behind Harvard) for U.S. universities by U.S. News and World Report and sixth among world universities by THES - QS World University Rankings. You can view their financial aid policy here:

Princeton financial aid

#1

Harvard University

Ranked #1 this year in U.S. News and World Report's best national universities rankings, Harvard is located in Cambridge, Massachusetts. You can view their financial aid policy here:

Harvard financial aid






Schools which had announced a 'no college student loans' policy, but recanted to allow government school loans include Bowdoin College, Claremont McKenna College, and Washington and Lee University.

All of these schools pledge to meet whatever financial need you have if you are admitted. They are all top notch schools where students get a quality education.


college loan consultant If you decide that college student loans are not for you and you set your sights on one or more of these schools, remember that great standardized test scores are the best way to get accepted into any school.


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