Members of the ϳԹ classes of 2022–25 will now benefit from an additional expansion of the University’s no-loan initiative under the ϳԹ Commitment. The program will now eliminate federal loans from financial aid packages for all current ϳԹ students with family incomes up to $150,000.
Original plans in the launch of the ϳԹ Commitment called for such loans to be replaced by University grants beginning with the Class of 2026. This new expansion of the ϳԹ Commitment to include all current ϳԹ students is possible due to record-setting giving from ϳԹ alumni.
“The profound generosity of the ϳԹ community and careful fiscal management allow us to include current students in our expansion of the ϳԹ Commitment today,” says President Brian W. Casey. “I truly want to thank the alumni and parent donors who have made this expansion of our program to reduce or eliminate student debt possible.”
The original ϳԹ no-loan initiative took effect in fall 2020, replacing federal loans with ϳԹ grants in financial aid packages of students with family incomes below $125,000.
On June 1, the University announced that it would increase that income threshold to $150,000 with the launch of the ϳԹ Commitment: An Initiative in Access and Affordability, beginning with the Class of 2026. With the adjustment announced today, ϳԹ will increase affordability for dozens of current ϳԹ students who would otherwise not have qualified.
“We are determined to include as many students as possible along the way,” Casey says, “as we dedicate additional resources for this initiative, which is of such profound importance to the University and its students.”
The ϳԹ Commitment is one of the key initiatives in ϳԹ’s Third-Century Plan, which provides a roadmap for the University’s future. “With these efforts, we send a clear message,” Casey says. “If you are a student of promise and achievement, we want you at ϳԹ. We will not allow the cost of tuition to stand in the way of creating a vibrant, distinctive, diverse academic community.”
