Princeton University
(FOX BUSINESS) – Princeton University announced a major expansion of its financial aid policy for students from families earning less than $100,000 annually, meaning they will pay nothing for tuition, room, and board.
In addition, many students from families with income over $100,000 will also receive additional financial support, including families at higher income levels who have multiple children in college. The university noted that most of the additional scholarship funding will benefit families earning less than $150,000.
"One of Princeton’s defining values is our commitment to ensure that talented students from all backgrounds can not only afford a Princeton education but can flourish on our campus and in the world beyond it," President Christopher L. Eisgruber said in a press release Thursday. "These improvements to our aid packages, made possible by the sustained generosity of our alumni and friends, will enhance the experiences of students during their time at Princeton and their choices and impact after they graduate."
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