25. Bowdoin College
College Risk-Reward Indicator: 10.3
Located in Brunswick, Maine, Bowdoin College is a private liberal arts institution that offers an intimate and rigorous course of study. It was founded in 1794, making it older than the state of Maine.
The school boasts that its student aid packages contain no loans, as Bowdoin replaced loans with grants in 2008. Additionally, a need-blind admission policy promises means that “your decision to attend Bowdoin will never be influenced by whether or not your family can afford it,” according to the college.