America's (and the world's) economic woes are having a direct impact on some of the weathiest colleges and universities. College endowments cover a multitude of purposes, not the least of which is financial aid.
Before the "crash," a number of top schools in the U.S. moved to a no-loan policy, where they would not require certain students to incur loans as part of their financial aid packages. One of those top schools is Williams College in Massachusetts. Well, things have changed there.