Vassar eliminates loans for families with less than $60,000

Vassar College has announced that they are eliminating all loans for students from families making less than $60,000 a year and replacing them with grants. This will effect new as well as continuing students effective this fall.

This is particularly encouraging news since Vassar, while having a substantial endowment, has less of an endowment than many of the other colleges that have recently announced new financial aid policies.