Lafayette College to improve financial aid

Lafayette College in Pennsylvania has announced their new financial aid policy. This new policy will eliminate loans for students with family incomes below $50,000 and will cap loans at $2,500 per year for students from families with incomes between $50,000 and $100,000. This new policy applies to both new students and continuing students. Lafayette has also announced that they will be increasing the size of the faculty by 35 positions in the next 5 years which is an approximate 20% increase in the size of the faculty. This will be done without increasing the size of the student body.

Congratulations Lafayette.