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Dartmouth Is Getting Rid of Student Loans for Undergraduates

The Ivy League school’s financial-aid packages will replace loans with additional grants.

Students have class outdoors on the campus of Dartmouth College in Hanover, New Hampshire. 

Students have class outdoors on the campus of Dartmouth College in Hanover, New Hampshire. 

Photographer: Bing Guan/Bloomberg

Dartmouth College is removing student loans from its financial-aid packages and will instead offer undergraduates expanded scholarship grants, the university announced Tuesday. That could save middle-income students as much as $5,500 per year, or an average of $22,000 over four years. 

Starting June 23, federal and private loans will no longer be offered to undergraduates from families with annual incomes of  $125,000 or more who are eligible for need-based aid. The New Hampshire-based Ivy League had already eliminated loan offerings from aid packages for students from families who earned $125,000 or less.