In 2001, Princeton made the shift to grants from loans for all students receiving financial aid.
Princeton has dropped loans for all students in favor of grants.
In July, Amherst College announced it would eliminate loans for all students, no matter their income.
The company, which is based in New York, also originates first mortgages and bridge and mezzanine loans for all property types.
Mr. Wagoner has, so far, led the industry's intensive lobbying effort to get federal loans for all three companies.
In America, the government provides loans for all, which students have to repay irrespective of their earnings, and grants for the poor.
Over the second quarter to June, loans for all house purchases rose to 122,000 worth £17.6 billion, from 97,200 in the first three months, but this was down from 138,300 and £20 billion in 2010's second quarter.
But he says he received more congratulatory e-mail messages after announcing last summer that Amherst would eliminate loans for all students than after any of his announcements about recruiting poorer students.
Bank of America ranked as the nation's second-largest originator of home loans for all of 2011, with an 11.6 percent market share, but by the fourth quarter it had slipped into fourth place behind Wells Fargo, JPMorgan Chase and Citigroup, according to Inside Mortgage Finance.
Modern slumps, by contrast, have been hangovers from bouts of irrational exuberance — the savings and loan free-for-all of the 1980s, the technology bubble of the 1990s and now the housing bubble.
