Princeton University to cover all college expenses for students from families earning less than $100,000 annually

One of the most prestigious Ivy League schools in the country is taking a big step forward in financial aid for students from lower-income families, as Princeton University just announced its latest plan. . It has just been confirmed that Princeton University plans to cover all college costs for students from families earning less than $100.00 a year.

@NYPost reports, in an unexpected and large-scale expansion of existing financial aid policies, Princeton University has just announced that all students from families earning less than $100.00 will be able to cover the full cost of college every year — meaning they won’t have to pay anything for school fees, room and board. The updated financial aid policies officially go into effect for all Princeton University undergraduates in the fall of 2023. University officials estimate that under the new policy, 1,500 students will receive financial aid. It’s also important to note that 83% of Princeton students recently graduated without any college debt.

Princeton University President Christopher L. Eisgruber released a statement about the inspiring changes to the school and how engaging with students is a top priority. “One of Princeton’s defining values ​​is our commitment to ensuring that talented students from all backgrounds can not only obtain a Princeton education but thrive on our campus. us and the world beyond. These improvements to our aid packages, made possible through the sustained generosity of our alumni and friends, will enhance the student experience during their time at Princeton and choices as well as their impact after they graduate. “

Additionally, students from families earning less than $150,000 a year will also benefit from additional financial aid, especially higher-income families with multiple children currently in college. learn.

Karen Richardson, Dean of Admissions and Financial Aid at Princeton University, also spoke about the changes in financial policy. “Changes to our already generous financial aid policies will be an important part of the work that the Office of Admissions does to enroll students from emerging economies,” she said. different societies, showing them that a Princeton education is an affordable one.