It was announced today that WIlliams College has followed Amherst’s lead and eliminated loans from its financial aid awards. The Boston Globe story is here and EphBloggers react to the news here.
Certainly, this welcome piece of news was to be expected after Amherst’s move and the considerable financial wealth of Williams. Maybe the public revelation (discussed in passing by Parker here) of the apparent rejection of this idea in the past, well before Amherst’s decision, by the Trustees of Williams College (complete with unflattering quotes of an unnamed Williams trustee) also played some small role in today’s news.