Davidson college dropping loans

[MarathonMan88]

<p>In addition to the benefits to the institution in drawing more applicants; and the immediate financial benefits to low- and mid-income students who receive the no-loan packages, there’s an additional, significant angle to this that never entered my mind:</p>

<p>

Robert F. Vagt, Davidson’s president, said it was also important to send a message to those who enroll about their post-graduation options. In the last year, he said, he has heard from at least six seniors who told him that they wanted to be teachers or work for a nonprofit group or take some socially valuable, but financially not so lucrative, job. “They are telling me, ‘I can’t afford to do that,’ ” Vagt said. “Debt is affecting students’ choice of careers,” he said.</p>

<p>By combining the need to attract low-income students with the goal of encouraging all students to consider service-oriented jobs, Vagt said, “this is the right thing to do.”

</p>