Dartmouth announced on Monday that it is eliminating “all federal and institutional loans” from its financial aid packages, which had previously been included for students whose families earn more than $125,000 per year. That will reduce the average debt load for each affected student by $22,000 during their four-year enrollment, the college said. Dartmouth has raked in over $120 million in scholarship grants and pledges since September, capped off by a recent $25 million commitment from an anonymous donor. As of last June, the college's endowment stood at a whopping $8.5 billion, up more than 46 percent from the prior year.
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