</p>
<p>Amherst College. Amherst replaced loans with grants and work-study for all students in fall 2008. As a result, the share of students at Amherst who are poor enough to qualify for Pell grants has nearly doubled to 23 percent, surely one of the largest totals among top liberal arts schools.</p>
<p>Bowdoin College. Bowdoin, like Amherst, phased out loans for all students in fall 2008.</p>
<p>Claremont McKenna and Pomona colleges. These schools, the crown jewels of the Claremont Colleges system, phased out loans entirely in 2008. These pledges dont just help poor students. Roger Huddle, a rising senior at Pomona with a household income approaching $100,000, has enough aid to cover about two-thirds of the full price of attendance. When they say no loans, they mean no loans, he said in an interview.</p>
<p>Davidson College. Eliminated loans in all financial aid awards in 2007.</p>
<p>Harvard University. Possibly the most generous aid policy in higher education. Harvard phased out loans in 2008. And, in a unique zero to 10 standard, the university pledges that families earning up to $180,000 (!) will pay, at most, 10 percent of their income toward college.</p>
<p>Haverford College. Phased out loans in aid awards in 2008.</p>
<p>Princeton University. Princeton was the first school to pare loans from some financial aid awards, in 1998. Since 2001, the policy has applied to all aid recipients.</p>
<p>Swarthmore College. Eliminated loans from aid awards in 2008.</p>
<p>University of Pennsylvania: Eliminated loans from aid packages in 2009.</p>
<p>Vanderbilt University. Eliminated loans from all need-based aid awards in 2009.</p>
<p>Yale University: Yale has retreated from an aid stance that once surpassed Harvards in largesse. Today, it meets full demonstrated need without loans, and caps the family contribution at 10 percent of income for families earning up to $130,000.