Questions on financial aid

techvet
Thu, 29 May 2008 00:54:29 +0000

See [News Release, News and Events, Claremont McKenna College](http://www.cmc.edu/news/pressreleases/article.asp?article_id=965) for more info on the no loan policy.

Excerpt:

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Claremont McKenna College Introduces No Loan Policy

Date Issued: 03/17/2008

Additional Grant Funds Eliminate Student Loans from Financial Aid Packages for all Current and Future Students

Claremont McKenna College today announced it will eliminate student loans from financial aid packages for all current and entering students effective fall 2008.

The student loans will be replaced by grant aid, bolstering CMC’s already competitive financial aid program, which provides need-based aid to more than half its students. This move makes CMC one of only three colleges with an endowment under $600 million to implement such a comprehensive no-loan program for incoming and existing students. All current CMC students who receive financial aid are eligible, and all students who would traditionally rely on loans will immediately benefit from the no-loan policy.