Color Me Skeptical

Pomona "eliminates" loans. I don't understand this. Loans exist to fill a gap between what students can afford and what school costs. Isn't it up to parents/students to take out loans? So how can a school eliminate loans?

What they are doing is giving more aid to qualified families. They are doing so because the cost of tuition has risen rapidly in the past couple of years. Not be totally cynical, but here's what's happened:

-Raise tuition
-Give more grant money to qualified families (as opposed to forcing them to take more loans)