<p>Pomona College, one of the nations premier liberal arts colleges, will eliminate loans in financial aid packages and replace those amounts with scholarships, effective 2008-09. The change will apply to both current and future students and was approved by the Colleges Board of Trustees on Wednesday, Dec. 12, 2007.[Pomona</a> College : News@Pomona](<a href=“http://pomona.edu/events/news/NewsItems/121207finaid.asp]Pomona”>http://pomona.edu/events/news/NewsItems/121207finaid.asp)</p>