<p>
</p>
<p>That is the impact of going no-loan for all Swarthmore students beginning in Fall 2008. That move instantly shifted $2000 to $4000 in loans to increased Swarthmore grants.</p>
<p>Without loans, the entire aid packages are Swarthmore grants except for a small percentage of:</p>
<p>Federal grants (Pell grants, etc.)
State grants
Outside scholarships (National Merit, Kiwanis, etc)
Federal work-study earnings</p>