As recently revealed by Princeton University, one of the most prominent Ivy League schools in the nation is taking a significant step to provide financial support for students from lower income families.
Princeton University recently announced that it would pay for all tuition expenses for students from households making under $100,000 annually.
According to @NYPost, Princeton University has just announced that all students from families earning less than $100,000 annually will have their entire college costs covered—meaning they will not pay for school tuition, room and board. This is an unexpected and significant expansion of the university’s current financial aid policies.
All undergraduates at Princeton University will be subject to the revised financial aid regulations beginning with the fall 2023 semester.
According to estimates from university officials, 1,500 students will benefit from the new policy’s financial aid. It should be mentioned that 83% of recent Princeton graduates were debt-free when they graduated.
President of Princeton University Christopher L. Eisgruber issued a statement praising the school’s inspirational transformation and emphasizing its commitment to its students.
The new financial aid will also help students from lower-income families, especially those from higher-income families with multiple college-enrolled children and families with yearly incomes under $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. 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.”