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Colleges with No-Loan Financial Aid Policies

Colleges with no-loan financial aid policies for qualifying students.

How we ranked these schools

This list includes colleges that have publicly committed to no-loan financial aid policies, meaning they replace student loans with grants and scholarships for students who qualify for need-based aid. Schools are sorted by acceptance rate. Data sourced from the National Center for Education Statistics (the federal government's education data authority), Princeton Review, Niche, and My School List's own school database. All figures reflect the most recently available data and are updated periodically. Rankings are for informational purposes only.

1

Harvard University

MA · Acceptance Rate: 3%

Tuition: $62,250
Enrollment: 7,200
SAT Range: 1500–1580
Test Policy: Test Required
2

MIT

MA · Acceptance Rate: 4%

Tuition: $61,990
Enrollment: 4,600
SAT Range: 1520–1580
Test Policy: Test Required
3

Princeton University

NJ · Acceptance Rate: 4%

Tuition: $59,710
Enrollment: 5,600
SAT Range: 1500–1570
Test Policy: Test Optional
4

Stanford University

CA · Acceptance Rate: 4%

Tuition: $61,731
Enrollment: 8,100
SAT Range: 1500–1570
Test Policy: Test Required
5

Columbia University

NY · Acceptance Rate: 4%

Tuition: $65,524
Enrollment: 9,200
SAT Range: 1500–1570
Test Policy: Test Optional
6

Yale University

CT · Acceptance Rate: 5%

Tuition: $64,700
Enrollment: 6,500
SAT Range: 1500–1570
Test Policy: Test Required
7

Brown University

RI · Acceptance Rate: 5%

Tuition: $65,146
Enrollment: 7,200
SAT Range: 1490–1570
Test Policy: Test Required
8

Dartmouth College

NH · Acceptance Rate: 6%

Tuition: $63,399
Enrollment: 4,500
SAT Range: 1490–1570
Test Policy: Test Required
9

Vanderbilt University

TN · Acceptance Rate: 6%

Tuition: $62,194
Enrollment: 7,100
SAT Range: 1490–1570
Test Policy: Test Optional
10

University of Pennsylvania

PA · Acceptance Rate: 6%

Tuition: $63,452
Enrollment: 10,500
SAT Range: 1500–1570
Test Policy: Test Optional
11

Colby College

ME · Acceptance Rate: 7%

Tuition: $64,100
Enrollment: 1,950
SAT Range: 1390–1520
Test Policy: Test Optional
12

Swarthmore College

PA · Acceptance Rate: 7%

Tuition: $60,078
Enrollment: 1,600
SAT Range: 1460–1560
Test Policy: Test Optional
13

Pomona College

CA · Acceptance Rate: 7%

Tuition: $58,720
Enrollment: 1,600
SAT Range: 1460–1550
Test Policy: Test Optional
14

Duke University

NC · Acceptance Rate: 7%

Tuition: $63,054
Enrollment: 6,800
SAT Range: 1500–1570
Test Policy: Test Optional
15

Northwestern University

IL · Acceptance Rate: 7%

Tuition: $63,468
Enrollment: 8,800
SAT Range: 1490–1560
Test Policy: Test Required
16

Johns Hopkins University

MD · Acceptance Rate: 8%

Tuition: $60,480
Enrollment: 6,100
SAT Range: 1500–1560
Test Policy: Test Optional
17

Amherst College

MA · Acceptance Rate: 9%

Tuition: $66,080
Enrollment: 1,900
SAT Range: 1470–1560
Test Policy: Test Optional
18

Bowdoin College

ME · Acceptance Rate: 9%

Tuition: $62,346
Enrollment: 1,900
SAT Range: 1410–1530
Test Policy: Test Optional
19

Rice University

TX · Acceptance Rate: 9%

Tuition: $56,874
Enrollment: 4,500
SAT Range: 1490–1570
Test Policy: Test Optional
20

Cornell University

NY · Acceptance Rate: 9%

Tuition: $63,200
Enrollment: 15,000
SAT Range: 1470–1560
Test Policy: Test Optional
21

Williams College

MA · Acceptance Rate: 10%

Tuition: $63,290
Enrollment: 2,100
SAT Range: 1460–1560
Test Policy: Test Optional
22

Washington University in St. Louis

MO · Acceptance Rate: 12%

Tuition: $61,750
Enrollment: 8,000
SAT Range: 1490–1570
Test Policy: Test Optional
23

Grinnell College

IA · Acceptance Rate: 13%

Tuition: $60,080
Enrollment: 1,700
SAT Range: 1370–1520
Test Policy: Test Optional
24

Georgetown University

DC · Acceptance Rate: 13%

Tuition: $62,052
Enrollment: 7,800
SAT Range: 1410–1540
Test Policy: Test Required
25

Davidson College

NC · Acceptance Rate: 17%

Tuition: $58,010
Enrollment: 1,900
SAT Range: 1370–1500
Test Policy: Test Optional
26

Vassar College

NY · Acceptance Rate: 20%

Tuition: $64,970
Enrollment: 2,500
SAT Range: 1400–1520
Test Policy: Test Optional

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