News Archive 2009-2018

Bowdoin Among ‘Best College Financial Aid Policies’ (Washington Post) Archives

Higher education reporter Daniel de Vise recently examined the “trend toward ‘no-loan’ financial aid pledges at some of the nation’s top universities.” In a follow-up article, he features Bowdoin on a list of the schools “with the best aid policies.”

4 thoughts on “Bowdoin Among ‘Best College Financial Aid Policies’ (Washington Post)

  1. Mark Lesser

    Bowdoin’s financial aid policy seems discriminatory against middle income families. If you earn very little, or can show that you earn very little you get a free ride. If you earn a ton and don’t choose to hide it, you really don’t mind paying with “cheap money”. Assets count, but many families with substantial assets apparently can hide those assets, in LLC’s, corporations and the like. So those in the middle income bracket, with assets they will need for retirement are stuck with a damaging financial burden. The non-linearity of the arrangement, the failure to consider the loopholes in the system, the punishment of the honest families that don’t try to game the system, and the encouragement of the dishonest families that do…all this gets recognition as among the ‘best college Financial Aid Policies’? Really?

  2. shood

    From the Editor: We appreciate your comment but disagree with your conclusion. As President Mills wrote in his very first Bowdoin Daily Sun column, the College is taking concrete steps to assist — rather than “discriminate against” — middle income families:

    The “no-loan” policy at Bowdoin was not generally focused on students and families with the highest need. Many of these students had not been required to take out loans even before our “no-loan” policy went into effect. Nor was the “no-loans” policy ever a prohibition on borrowing. At Bowdoin, the “no-loan” initiative was designed to help middle class families making between $60,000 and $150,000. These are the families who may be most affected by the recession, who might view Bowdoin as beyond their economic means, and who we frequently support with financial aid. Instead of requiring a loan of roughly $5,000 a year as part of the aid package, Bowdoin simply increased the grant portion of the aid package by roughly that amount.

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