Janet Frankston Lorin

Janet Frankston Lorin
Endowment Losses Threaten No-Loan Policies as Guarantees Vanish

August 25, 2009, Bloomberg — Swarthmore College, perennially ranked among the top liberal arts colleges, was among a select few to replace loans with grants to 50 percent of its 1,500 students as the endowment peaked at $1.4 billion two years ago.