For students whose parents earn less than $100,000 a year, the substantial costs of attending one of America’s top universities are covered.
of new jersey Princeton University This week, families in that high-income group will be inundated with notable alumni such as former First Lady Michelle Obama, Supreme Court Justice Sonia Sotomayor, Queen Nour of Jordan and Amazon founder Jeff Bezos as they attend prestigious schools. announced that it would no longer have to pay for
Previously, only families earning less than $65,000 received full financial assistance. More than 25% of her undergraduates at the university, or 1,500 students, receive financial aid that fully covers tuition, room and board. According to Thursday’s news release.
A full year of tuition at an Ivy League university costs about $80,000. Princeton’s website says:
The expansion of college financial aid will also help families earning up to $150,000, according to a news release.
“One of Princeton’s defining values is my commitment to ensuring that talented students of all backgrounds not only can afford a Princeton education, but can thrive on our campuses and in the world beyond. It’s our commitment,” said Christopher L. Eisgruber, president of Princeton, in a release.
“These improvements in aid packages, made possible by the continued generosity of our alumni and friends, will enhance the experiences of students during their time at Princeton University and their choices and impact after graduation.”
Students entering Princeton University in Fall 2023: New and improved financial aid scheme.
The university also eliminated student annual contributions (a portion of tuition and fees that students were expected to pay with their own savings and on-campus work) in favor of financial aid for personal expenses and books. I increased my allowance.
Princeton University Dean Jill Dolan framed the expansion as part of Princeton University’s greater commitment to diversity.
In a statement, Dolan specifically pointed to “socioeconomic diversity” and that the move to expand financial aid would allow “more students from diverse backgrounds to learn from each other’s life experiences.” argued that it would
“We are pleased to take these next steps to expand the reach and effectiveness of Princeton’s financial assistance.”