Princeton to cover tuition, room, board for families making up to $100,000

Sep 09, 2022

Karah Rucker Anchor/Reporter

By Karah Rucker (Anchor/Reporter), Ben Burke (Producer/Editor)

Princeton University announced it will extend its financial aid program to cover the entirety of tuition, room and board for most students whose families make up to $100,000 per year. For the last six years, the university had been covering similar costs for families making less than $65,000 per year.

“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,” Princeton University President Christopher L. Eisgruber said in a statement. “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.”

More than a quarter of Princeton undergraduates are expected to qualify for the financial aid. According to a Princeton news release, it is not just those whose families make up to $100,000 who will receive aid with things like tuition, room and board.

“Many families with income above $100,000 will receive additional aid, including those at higher income levels with multiple children in college,” Princeton said in the news release. “A majority of the additional scholarship funding will benefit families earning less than $150,000, and the university’s highest-need students will receive new and expanded forms of financial support.”

The Washington Post contributed to this report.

PRINCETON UNIVERSITY ANNOUNCED THURSDAY IT IS PLEDGEING TO COVER ALL OF TUITION — ROOM AND BOARD FOR MOST FAMILIES MAKING UP TO 100-THOUSAND DOLLARS PER YEAR.
THE ANNOUNCEMENT IS AN EXTENSION OF A PREVIOUS PLEDGE COVERING FAMILIES THAT MAKE LESS THAN 65-THOUSAND A YEAR.
THE ESTIMATED COST OF ATTENDANCE AT PRINCETON FOR THIS YEAR IS MORE THAN 79-THOUSAND DOLLARS.
MORE THAN A QUARTER OF PRINCETON UNDERGRADS ARE EXPECTED TO QUALIFY TO HAVE THEIR COSTS COVERED.
THE UNIVERSITY IS ALSO SCRAPPING A POLICY REQUIRING STUDENTS WHO RECEIVE FINANCIAL AID TO CONTRIBUTE 35-HUNDRED DOLLARS PER YEAR.
THE MOVES ARE SEEN AS A WAY TO ADDRESS THE GROWING ISSUE OF COLLEGE AFFORDABILITY.
THE TOPIC — THRUST INTO THE HEADLINES IN THE WAKE OF THE BIDEN ADMINISTRATION’S DECISION ON STUDENT LOAN FORGIVENESS.