A lot has changed over the last nine years
Here's the link to info on the hostel section of Hotel Coolidge:
http://www.hotelcoolidge.com/hostel.html
Here's my review of my stay there earlier this month (the guy from Philadelphia):
http://www.tripadvisor.com/Hotel_Rev..._Vermont.htmll
Perhaps because they are remodeling, or perhaps because they don't want this kind of business, they did not offer a dorm style place to stay. Instead, I was given a one-bed (and little else) room with shared shower and kitchen privileges. Cost was $49 for the one night; payment was strictly CREDIT CARD ONLY. Yes, you read that correctly; the place does NOT take cash!!
The place is five minutes from the train station, which is a big plus for those using mass transit.