World

Princeton University is now free for some families

The substantial cost of attending one of America’s top universities will now be covered for students whose parents make less than $100,000 per year.

New Jersey’s Princeton University announced this week that families in that income range will no longer have to pay any costs to attend the prestigious school, whose famous alumni include former First Lady Michelle Obama, Supreme Court Justice Sonia Sotomayor, Queen Noor of Jordan and Jeff Bezos, founder of Amazon.

Previously, only families with incomes below $65,000 were covered for full financial assistance. More than 25% of the university’s undergraduates, or 1,500 students, will now receive financial aid that covers the full cost of tuition and accommodation, according to a Thursday news release.

According to the Princeton website, at full price, a year of tuition at an Ivy League university costs nearly $80,000.

The university’s financial aid expansion will also help families with incomes up to $150,000, according to the news release.

“One of Princeton’s defining values ​​is our commitment to ensuring that talented students from all backgrounds can not only afford to study at Princeton but can thrive on our campus as well. us and the world beyond,” Christopher L. Eisgruber, president of Princeton, said in a statement.

“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 their choices and impact after they graduate.”

Students commencing at Princeton in the fall of 2023 will be the first to benefit from the new and improved financial aid program.

The university also eliminated the annual student contribution – a portion of tuition and fees that students have to pay with their own savings and on-campus work – and increased the financial aid grant. for personal expenses and books.

Jill Dolan, president of Princeton University, thinks the expansion is part of Princeton’s larger commitment to diversity.

In a statement, Dolan specifically pointed to “socioeconomic diversity,” arguing that the move to expand financial aid would allow “a wide variety of students from diverse backgrounds to learn from life experiences.” each other’s.”

“We are excited to take these next steps to expand the reach and effectiveness of Princeton’s financial assistance.”

Source link

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button