Brown University announces new financial aid policy

Brown University has announced that they are putting a new financial aid policy in place which will eliminate loans for families with income below $100,000, reduce loans for all students receiving financial aid and eliminate parental contributions for families with incomes less than $60,000. This new policy will apply to all current students as well as future students. This aid policy is very similar to that recently announced by Stanford University.

I am pleased to see that Brown has joined most of the other Ivy League universities with a revised financial aid policy benefiting students. It appears that Columbia is the only Ivy League university that has not yet announced a new aid policy.