Posted 11/05/07 Wesleyan University will eliminate loans for its neediest undergraduates and replace these with additional grants, President Michael S. Roth has announced. The policy will be part of a new initiative to reduce overall student indebtedness by 35 percent to make Wesleyan even more accessible to students regardless of their financial capacity. "Access to a Wesleyan education for students from all backgrounds has long been one of the core values of this community," Roth says. "It remains one of our highest priorities. As I begin my presidency, I see this new effort as a down payment on our goal…