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Williams College, my son's school, announced today that they are no longer requiring student loans as a part of their financial aid packages. They are replacing them with grants, dollar for dollar. They are also no longer requiring work-study, and providing the difference in grants as well. That is on top of the dropping of summer work requirement last year, and the long standing provision that all students on any financial aid received free books, course materials, health insurance and travel expenses for study abroad. I am just amazed. That is significant money on top of their already generous aid package. My son is basically getting a $80k a year education for a couple of thousand a year. I knew for awhile that my son made the right college choice, but now it just seems like an incredible decision.
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