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'No Loan' Colleges

Applying to the right colleges is the biggest financial aid decision you can make!


"No loans college” help students afford their cost of attendance without resorting to student loans. Campus financial aid offices accomplish this by connecting students with gift aid like grants and scholarships, as well as with work-study programs. Most colleges don't do this, but some do. Apply to those colleges and you can avoid debt.


‘No Loan’ Colleges and Universities List

--- Not an exhaustive list by far! ---


These 21 no-loan colleges and universities, including some prestigious schools with need-blind admissions and healthy endowments, will help all incoming students avoid student debt.

  1. Amherst College

  2. Berea College

  3. Bowdoin College

  4. Brown University

  5. Colby College

  6. College of the Ozarks

  7. Columbia University8. Davidson College

  8. Grinnell College

  9. Harvard University

  10. Johns Hopkins University

  11. Northwestern University

  12. Pomona College

  13. Princeton University15. Stanford University

  14. Swarthmore College

  15. University of Chicago

  16. University of Pennsylvania

  17. Vanderbilt University

  18. Washington and Lee University

  19. Yale University

These 17 schools reserve their no-loans policy for their lowest-income students (with Income AGI Cut Offs)

  1. California Institute of Technology - $60,000 and under

  2. Colgate University - Up to $125,000

  3. Connecticut College - Contact school for details

  4. Cornell University - Under $60,000, with assets below $100,000

  5. Dartmouth College - Under $100,000, with “typical assets”

  6. Duke University - Under $40,000

  7. Emory University - $50,000 or less

  8. Haverford College - Under $60,000

  9. Lafayette College - Under $50,000

  10. Miami University (Ohio) - $35,000 or less

  11. Michigan State University - Federal poverty threshold

  12. Rice University - $130,000 or less

  13. Tufts University - Under $40,000

  14. University of North Carolina at Chapel Hill - 200% of the poverty threshold or lower

  15. Washington University in St. Louis - $75,000 and under

  16. Wellesley College - Under $60,000

  17. Wesleyan University - Under $60,000

These 20 colleges are state schools with No Loan or "Promise" policies.

  1. Arizona State University: Residents who are Pell Grant-eligible

  2. University of Arizona: Residents with a household income $60,000 or less (or an EFC of 4,000 or less) who are eligible for a Pell Grant

  3. University of California schools: Residents with a household income below $80,000

  4. Fairfield University: Bridgeport, Conn., high school graduates with a household income below $50,000

  5. Georgia Institute of Technology: Residents whose parents earn less than $33,300 per year

  6. University of Illinois at Urbana-Champaign: Residents with a household income at or below $67,100 and assets up to $50,000

  7. Indiana University: Residents who completed the 21st Century Scholars application in middle school and fall within the income threshold for eligibility

  8. University of Louisville: Residents with household income at or below 150% of the poverty threshold

  9. University of Michigan: Residents pursuing their first bachelor’s degree who have family income up to $65,000 and assets below $50,000

  10. Appalachian State University: Residents attending school full time with a household income that is 100% of the federal poverty threshold (or less) and a zero EFC

  11. Bryan College: Residents with a household income up to $36,000 who are pursuing their first bachelor’s degree

  12. University of Tennessee: Residents with a household income of less than $50,00

  13. Texas State University: Residents with a household income of $25,000 or less who are pursuing their first bachelor’s degree

  14. Lamar University: Residents with a household income below $25,001 who are eligible for a Pell Grant

  15. University of Texas at Arlington: Residents who attend Dallas or Tarrant College first and have income under $65,00

  16. University of Texas at El Paso: Residents with a household income at $50,000 or less

  17. University of Texas at Dallas: Residents with a household income $25,000 or less who are attending school full time and are eligible for Pell Grants

  18. Texas A&M University: Residents with a household income of $60,000 or less

  19. University of Vermont: Residents who are eligible for a Pell Grant

  20. College of William and Mary: Residents with a household income below $40,000

REMEMBER: College scholarships start with applying to the right college, meeting the priority admission deadline, then following up before Christmas!

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