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Financial Aid Pledges to Reduce Student Debt (2009-10)

A number of colleges have developed financial aid policies that limit or eliminate student loans from financial aid packages, reducing costs for students and families. We have analyzed each of these programs and include information here for the programs that meet our guidelines.

money icon The Bottom Line
Compare actual costs at pledge schools by family income level

 

table icon Quick summary
View family income eligibility guidelines and the role of loans for all pledge schools.

List of Schools and Pledges

Click on the name of an institution below for details on its pledge.

Amherst College
Appalachian State University
Arizona State University
Bowdoin College
Brown University
California Institute of Technology
Claremont McKenna College
Colby College
College of William and Mary
Columbia University
Connecticut College
Cornell University
Dartmouth College
Davidson College
Duke University
Emory University
Georgia Institute of Technology
Grinnell College
Harvard University
Haverford College
Indiana University, Bloomington
Lafayette College
Lehigh University
Massachusetts Institute of Technology
Michigan State University
Middlebury College
North Carolina State University
Northwestern University
Oberlin College
Pomona College
Princeton University
Rice University
Stanford University
Swarthmore College
Tufts University
University of Arizona
University of California (systemwide)
University of Chicago
University of Florida
University of Illinois at Urbana-Champaign
University of Louisville
University of Maryland, College Park
University of Michigan, Ann Arbor
University of North Carolina, Chapel Hill
University of Pennsylvania
University of Richmond
University of Tennessee
University of Virginia
Vanderbilt University
Vassar College
Washington University, St. Louis
Wellesley College
Wesleyan University
Williams College
Yale University

Amherst College
For all students, after the family covers any EFC, the program covers the remaining student budget with work-study and grant aid.   more details...
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Appalachian State University
Appalachian ACCESS
For North Carolina residents with family incomes below the federal poverty level, the program covers tuition and room & board with grant aid. Work, EFC, or other support are required to cover books & supplies and transportation & personal expenses.   more details...
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Arizona State University
ASU Advantage
For Arizona residents with family incomes of $60,000 or less, after the family covers any EFC the program covers tuition, room & board, and books & supplies with work-study and grant aid. Loans and/or additional work would be required in order to cover transportation and personal expenses.   more details...
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Bowdoin College
For all students, after the family covers any EFC , the college assures enough work study and grant aid to cover the remaining student budget.   more details...
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Brown University
For students with family incomes below $60,000 and assets less than $100,000, after a student contribution from summer earnings, the university covers the remaining student budget with grant aid and work study.

For all other students, after the family covers EFC (including a minimum student contribution), and the student takes out $0 to $5,000 in loans (depending on income), the university covers the remaining student budget with grant aid and work study.   more details...
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California Institute of Technology
For students with family incomes of $60,000 of less, after the family covers any EFC, the college covers the entire remaining student budget with work and grant aid.   more details...
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Claremont McKenna College
For all students, after the family covers any EFC, the college covers the remaining student budget with work-study and grant aid.   more details...
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Colby College
For all students, after the family covers any EFC, the college covers the remaining budget with grant aid and work study.   more details...
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College of William and Mary
Gateway
For Virginia residents with family incomes below $40,000, after the family covers any EFC, the program covers the remaining student budget with grant aid.   more details...
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Columbia University
For students with family incomes below $60,000, after the student portion of EFC, the university covers the entire remaining student budget with work-study and grant aid.

For all other students, after the family covers any EFC, the university covers the entire remaining student budget with work-study and grant aid.   more details...
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Connecticut College
For students with family incomes up to $50,000 and EFCs of $5,500 or less, after the family covers any EFC, the institution covers the remaining student budget with work-study and grant aid.

For students with family incomes between $50,000 and $75,000 and EFCs between $5,500 and $15,000, after the family covers EFC and the student takes loans of $1,750 - $3,175 (depending on year in school), the institution covers the remaining student budget with work-study and grant aid.   more details...
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Cornell University
For students with family incomes below $75,000, after the family covers any EFC, the program covers the remaining student budget with work-study and grant aid.

For students with family incomes between $75,000 and $120,000, after the family covers any EFC and the student takes loans of up to $3,000, the program covers the remaining student budget with work-study and grant aid.   more details...
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Dartmouth College
For students with family incomes below $75,000, the college awards a grant equivalent to tuition. After the family covers the EFC, the college covers the remaining student budget with work study and additional grant aid if the grant to cover tuition was insufficient to cover remaining need.

For all other students, after the family covers the EFC, the college covers the remaining student budget with grant aid and work study.   more details...
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Davidson College
For all students, after the family covers any EFC, the program covers the remaining student budget with work-study and grant aid.   more details...
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Duke University
For students with parent incomes below $40,000, after the student portion of the EFC is covered, the university covers the entire remaining budget with work-study and grant aid.

For all other students, after any EFC is covered and the student takes up to $5,000 in loans, the university covers the entire remaining budget with work-study and grant aid.   more details...
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Emory University
Emory Advantage
For students with family incomes up to $50,000, after the family covers any EFC (including a minimum student contribution of $1,550), the program covers the entire remaining student budget with work-study and grant aid.

For students with family incomes between $50,000 and $100,000, after the family covers any EFC (including a minimum student contribution of $1,550) and takes a need-based loan (capped at $15,000 total over four years), the program covers the entire remaining student budget with work-study and grant aid.   more details...
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Georgia Institute of Technology
Tech Promise
For Georgia residents with family incomes below $33,300, after the family covers any EFC, the program assures enough work-study and grant aid to cover the entire student budget.   more details...
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Grinnell College
For all students, after the family covers any EFC (including a minimum student contribution of $2,500) and the student accepts up to $2,000 in loans, the program covers the remaining student budget with work-study and grant aid.   more details...
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Harvard University
For students with family incomes of $60,000 or less, after the student contribution is paid, the university covers the remaining student budget with work study and grant aid.

For all other students, after the family contributes any EFC, the university covers the remaining student budget with work study and grant aid.   more details...
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Haverford College
For all students, after the family covers any EFC, the college covers the entire remaining student budget with work study and grant aid.   more details...
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Indiana University, Bloomington
21st Century Scholars Covenant
For Indiana residents who took the state's 21st Century Scholars pledge (see link below) in 7th or 8th grade and remain income-eligible for the federal school lunch program, after the family covers any EFC the program covers the remaining student budget with grant aid.   more details...
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Lafayette College
For students with family incomes below $50,000, after the family covers any EFC, the college provides enough work-study and grant aid to cover the remaining student budget.

For students with family incomes between $50,000 and $100,000, after the family covers any EFC and the student takes $3,500 in loans, the college provides enough work-study and grant aid to cover the remaining student budget.   more details...
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Lehigh University
For students with family incomes below $50,000, after the family covers any EFC, the college assures enough grant aid and work study to cover the remainder of the student budget.

For students with family incomes between $50,000 and $75,000, after the family covers any EFC and the student takes loans of up to $3,000, the program covers the remaining student budget with work-study and grant aid.   more details...
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Massachusetts Institute of Technology
For students with family income below $75,000, after the family covers any EFC, the college covers the entire remaining student budget with work study, and grant aid equal to at least the cost of tuition. The work amount is reduced for Pell-eligible students.

For all other students, after the family covers any EFC and the student takes loans and/or work study totaling $4,750, the college covers the entire remaining student budget with grant aid. The loan-work amount is reduced for Pell-eligible students.   more details...
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Michigan State University
Spartan Advantage
For Pell-eligible Michigan residents with family incomes below the poverty level, the program covers tuition, room & board, and books & supplies with grant aid and work-study. Loans and/or additional work would be required in order to cover estimated transportation and personal expenses.   more details...
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Middlebury College
For all students, after the family covers any EFC and the student accepts loans of $1,000-$3,000 (depending on income), the college covers the remaining student budget with work-study and grant aid.   more details...
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North Carolina State University
Pack Promise
For students with parental incomes below 150% of the poverty level and ?limited assets,? after the family covers the EFC (if any), the program covers the entire remaining student budget with work-study, not more than $2,500 in loans, and grant aid.   more details...
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Northwestern University
For Pell-eligible students with an EFC of 20% or less of the cost of attendance, after the family covers any EFC, the University covers the remaining student budget with work-study and grant aid.

For all students who have accumulated $20,000 in federal need-based loans, after the family covers any EFC, the University covers the remaining student budget with work-study and grant aid.   more details...
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Oberlin College
Oberlin Access
For Pell-eligible students, after the family covers any EFC, the college covers the remaining student budget with work study and grant aid.   more details...
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Pomona College
For all students, after the family covers any EFC, the college covers the entire remaining student budget with work-study and grant aid.   more details...
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Princeton University
For all students, after the family covers the EFC, the program covers the entire remaining student budget with work-study and grant aid.   more details...
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Rice University
For students with family incomes of $80,000 or less, after the family covers any EFC, the university covers the entire remaining student budget with work-study and grant aid.

For all students who have accumulated $10,000 in need-based loans, after the family covers the EFC and the student has work-study totaling $2,500, the university covers the remaining student budget with grant aid.   more details...
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Stanford University
For students with parental incomes below $60,000, after the student covers the student portion of the EFC (a minimum of $2,000 for most students) and has work-study of $2,500, the university covers the remaining student budget with grant aid.

For all other students, after the family covers the EFC (with a minimum student contribution of $2,000 for most students) and the student has work-study totaling $2,500, the university covers the remaining student budget with grant aid.   more details...
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Swarthmore College
For all students, after the family covers any EFC, the college covers the entire remaining budget with work-study and grant aid.   more details...
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Tufts University
For students with family incomes below $40,000, after the family covers any EFC, the university assures enough work-study and grant aid to cover the remaining student budget.   more details...
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University of Arizona
Arizona Assurance
For Arizona residents with family incomes up to $42,400, after the family covers any EFC the program covers tuition, room & board, and books & supplies with work-study and grant aid. Loans and/or additional work would be required in order to cover transportation and personal expenses.   more details...
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University of California (systemwide)
For all California residents, after the family covers any EFC (including estimated student contribution of $2,000) and accepts loans and work of approximately $7,160, the university covers the entire remaining student budget with grant aid.   more details...
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University of Chicago
Odyssey Scholarship
For students with family incomes below $60,000, after the family covers any EFC (including a minimum student contribution of $1,980), work-study and grant aid cover the remaining student budget.

For students with family incomes between $60,000 and $75,000, after the family covers any EFC (including a minimum student contribution of $1,980) and the student takes out loans of $3,000, work-study and grant aid cover the remaining student budget.   more details...
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University of Florida
Florida Opportunity Scholarships
For Florida residents with family incomes below $40,000 whose parents did not earn a bachelor's degree, after the family covers any EFC, the program covers the remaining student budget with grant aid.   more details...
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University of Illinois at Urbana-Champaign
Illinois Promise
For Illinois residents with family incomes at or below the poverty level and who have an EFC of zero, the program covers tuition, room & board, and books & supplies with grant aid and 10-12 hours per week of work-study. Loans and/or additional work would be required in order to cover estimated transportation and personal expenses.   more details...
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University of Louisville
Cardinal Covenant
For Pell-eligible Kentucky residents with family incomes below 150% of the federal poverty level, the program covers tuition, room & board, and books & supplies with grant aid. Loans and/or work would be required in order to cover estimated transportation and personal expenses.   more details...
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University of Maryland, College Park
Maryland Pathways
For students with an EFC of zero, the program covers the entire student budget with work-study and grant aid.

For all seniors who have accumulated $15,900 or more in need-based loans, after the family covers any EFC, the program covers the remaining senior year budget with work-study and grant aid.   more details...
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University of Michigan, Ann Arbor
M-PACT
For Michigan residents with an EFC of zero, after the family covers any EFC, the program covers the remaining student budget with work-study and grant aid.   more details...
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University of North Carolina, Chapel Hill
Carolina Covenant
For students with family incomes below 200% of the poverty level and who have ?limited assets,? after the family has covered any EFC, the program covers the entire remaining student budget with work-study and grant aid.   more details...
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University of Pennsylvania
For all students, after the family covers any EFC, work-study and grant aid cover the remaining student budget.   more details...
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University of Richmond
For Virginia residents with financial need and a family income of $40,000 or less who enter the University of Richmond as first-year students, the program covers tuition & fees and room & board with grant aid. Work, loans, or other support are required to cover books & supplies and personal expenses.   more details...
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University of Tennessee
Tennessee Pledge Scholarship
For Tennessee residents with family incomes below 200% of the poverty level, or approximately $40,000, the program covers tuition & fees, and room & board with grant aid. Work, loans, EFC, or other support are required to cover books & supplies and transportation & personal expenses.   more details...
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University of Virginia
Access UVA
For students with family incomes below 200% of the poverty level, after the family covers any EFC, the program covers the remaining student budget with work-study and grant aid.

For all other students, after the family has covered any EFC and has need-based loans totaling $23,000 over four years, the program covers the remaining student budget with work-study and grant aid.   more details...
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Vanderbilt University
For all students, after the family covers any EFC, the program covers the remaining student budget with work-study and grant aid.   more details...
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Vassar College
For students with family incomes up to $60,000, after the family covers any EFC, the college assures enough grant aid and work study to cover the remainder of the student budget.   more details...
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Washington University, St. Louis
For students with family incomes below $60,000, after the family covers any EFC (including a student contribution of $1,800), the college covers the entire remaining student budget with work study and grant aid.   more details...
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Wellesley College
For students with family incomes below $60,000 and parental contributions below $7,000, after the family covers any EFC, the college covers the remaining student budget with grant aid.

For all other students, after the family covers any EFC and loans of $1600-$2625 for freshmen ($8,650 to $12,825 over four years, depending on income), the college covers the remaining student budget with grant aid.   more details...
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Wesleyan University
For students with family incomes $40,000 or less, after the family covers any EFC, the program covers the remaining student budget with work-study and grant aid.   more details...
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Williams College
For all students, after the family covers any EFC, the program covers the remaining student budget with work-study and grant aid.   more details...
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Yale University
For students with family incomes below $60,000, after a student contribution from summer earnings and a work-study contribution of $2,500, the program covers the remaining student budget with grant aid.

For all other students, after the family covers any EFC (with a minimum student contribution from summer earnings) and the student has work-study totaling $2,500, the university covers the remaining student budget with grant aid.   more details...
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