On Monday, Dartmouth College, an Ivy League university in New Hampshire, said it would no longer be offering loans as part of its financial aid packages for undergrad students but instead replacing them with more grants.
The policy will take effect on June 23.
“Thanks to this extraordinary investment by our community, students can prepare for lives of impact with fewer constraints,” Dartmouth College President Philip Hanlon said.
“Eliminating loans from financial aid packages will allow Dartmouth undergraduates to seek their purpose and passion in the broadest possible range of career possibilities,” he continued.
Dartmouth has had