Amherst College eliminates loans

Following in the footsteps of Davidson College earlier this year, Amherst College has announced that they are eliminating loans for all students effective with the Class of 2012. Eight years ago Amherst eliminated loans for families making less than $40,000 a year but they are taking a further step by eliminating all loans. We congratulate Amherst and Davidson on making the move to eliminate loans for all students. While not every college has the resources to make such a move there are a number of other colleges that could afford to eliminate loans if they choose to do so.