Uncategorized | 1:48 pm | February 15, 2010 | By Carmen Lu

Dartmouth revives loan requirement for families with $75,000+ income

Following a 23 percent drop in its endowment during the 2009 fiscal year, Dartmouth College will reinstitute a loan requirement of approximately $2,500 to $5,500 in the financial aid packages of families with annual incomes above $75,000, according to a press release by the Dartmouth College Office of Public Affairs.

The new policy will affect students entering college in the fall of 2011. The measure is part of a $100 million dollar budget cut and comes only two years after the university implemented a no-loan financial aid policy. Families earning $75,000 or less annually will not be subject to the revived loan requirement.

Undergraduate tuition, room, board and fees at Dartmouth will also rise by 4.6 percent to $52,275 per year.

Comments