Wesleyan University in Connecticut announced Thursday that it will eliminate loans from its financial aid packages beginning next autumn, joining a small group of institutions that have committed to satisfying all students’ demonstrated financial need.
President Michael S. Roth stated that increasing Wesleyan’s present “no-loan” policy (for students with household incomes under $120,000) will make the private university more affordable for middle-class families.
“We are improving the university’s financial aid offerings to be able to build and maintain a dynamically diverse community, including socioeconomic diversity,” Roth stated.
There are approximately two dozen universities in the United States that meet all students’ stated need without the need of loans.
