The College announces major changes in its Financial Aid policies: grants replace loans for incoming freshmen; returning students to see relief scaled to most benefit the neediest; new endowment fund created to focus giving for those hoping to support such grants-in-aid. Recipients of the new grants will be invited to pledge support for the fund “as their means allow and the spirit moves” throughout their lifetimes, with no pre-set expectation of how much they might contribute.
Details here.