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.