Last week marked one of the most moving moments of my higher education career. With the enthusiastic support of our board of trustees, Smith College announced the elimination of loans from our financial aid packages. Beginning in fall 2022, Smith will replace federal loans with institutional grants for all current and future undergraduates. As a first-generation college student, I could not be more proud.
Three reasons drove our decision to eliminate loans. We sought to recruit and enroll the best students, regardless of family resources; enable graduates to begin their https://worldpaydayloans.com/payday-loans-wy/shoshoni/ careers or continue their studies with little or no debt; and help advance racial justice and equity, in light of the fact that Black and Latina/o students-at Smith and across the nation-graduate with disproportionate student debt.