Dartmouth College has eliminated all loans for undergraduates. “Thanks to this extraordinary investment by our community, students can prepare for lives of impact with fewer constraints,” said President Philip J. Hanlon. “Eliminating loans from financial aid packages will allow Dartmouth undergraduates to seek their purpose and passion in the broadest possible range of career possibilities.”
Currently, Dartmouth undergraduates from families with annual income of $125,000 or less who possess typical assets are offered need-based aid without a required loan component. Dartmouth is now removing the loan requirement for undergraduates from families with annual income of more than $125,000 who receive need-based financial aid. This will decrease the debt burden for hundreds of middle-income Dartmouth students and their families by an average of $22,000 over four years.