Economic diversity in elite higher education: Do no-loan programs impact pell enrollments?

Abstract

Several wealthy colleges and universities have recently begun removing all loans from low-income students' financial aid packages. This article reports on a study that found that the introduction of "no-loan" policies has positively impacted low-income enrollments, suggesting that this aid strategy may be an effective, though limited, way of increasing economic diversity on campus. © 2013 by The Ohio State University.