Princeton University is making tuition for undergraduate programs free for most students who come from households with $100,000 or less in annual income.
Beginning in the fall semester of 2023, roughly a quarter of its student body, about 1,500 students, will have their tuition, room, and board expenses covered, the Ivy League institution announced Thursday.“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,” President Christopher Eisgruber said.
Princeton pledged that under the new aid formula,"most families with income under $100,000 will qualify for grant aid to cover full tuition, room, board, books, and personal expenses." In addition, the institution plans to bump up its annual personal and books allowance from $3,500 to $4,050.
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