Princeton University announced that undergrads whose household income is under $100,000 will not have to pay tuition or room and board beginning in fall 2023. 25% of the student body is expected to benefit.
In this April 5, 2018, file photo, people walk through the Princeton University campus in Princeton, N.J.In this April 5, 2018, file photo, people walk through the Princeton University campus in Princeton, N.J.
For all families earning above $65,000, students were expected to contribute $3,500, which will now be scrapped regardless of income level. Additionally, Princeton University amended its financial aid policy in 2001 to eliminate loans from its financial aid packages. "The changes to our already generous financial aid policies will be an important part of the work that the Office of Admission does to recruit students from various socioeconomic backgrounds, showing them that a Princeton education is an affordable education," Dean of Admission and Financial Aid Karen Richardson said.
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