 Under Hill's leadership, Vassar has also replaced loans with grants in financial aid for low-income families, in further efforts to increase access to higher education.Hill announced in late March 2016 that she intended to step down from the presidency after the 2016–2017 academic year.Near the start of what was to be her final academic year as Vassar's president, Hill announced on July 20, 2016 that she would not be serving as president through the summer of 2017, but would instead be leaving Vassar three weeks later on August 15, 2016.