In order to make a Swarthmore education available to qualified students, we have designated in excess of $31 million for Swarthmore Scholarships for the 2014-15 academic year. About 52 percent of our student body receives scholarship assistance through Swarthmore on the basis of demonstrated financial need, and a total of 70 percent of our students share more than $40 million in scholarships, loans, and work opportunities during this academic year.
At Swarthmore admissions and financial aid decisions are made independently for U.S. citizens and permanent residents. We carefully consider a range of factors when determining a family's ability to contribute to their student's educational costs. Although Swarthmore financial aid awards are loan-free, some families choose to borrow to pay their share of educational expenses.
Although we believe that the primary responsibility for financing education lies with students and their parents or guardians, we stand ready to help fill in the gap when family resources do not meet our costs. Swarthmore's strong financial aid program demonstrates our commitment to the principle that all capable students have access to the College.