An article about colleges eliminating student loans from financial aid packages begins, “James Violette took out a federally backed loan to attend Colby College last fall. But next fall, his Perkins loan of $3,450 will be unnecessary as Colby, a private school in Waterville, Maine, will replace Perkins loans with grant money. … “This isn’t just for me. This is pretty huge for my family,” said Mr. Violette, 19, the eldest of six children.