Haverford College considers making the middle class pay

Thursday, December 12, 2013

In what would be a dramatic turnaround, Haverford College is considering doing away with the "no-loan" financial aid policy it adopted in 2007, and again require middle-class students to borrow to finance their education.

If the board of managers adopts the proposal, Haverford will become the latest school to retreat from a no-loans stance: Dartmouth and Williams backed off almost four years ago and Claremont McKenna just this year, all because each found they couldn't support the program.

Haverford would reintroduce a loan program for students from families earning over $60,000 a year. Current students, however, would be exempt, as would students applying for admission this fall.

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