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Story at a glance The university announced Tuesday that its expanded financial aid program — which previously covered costs for families earning less than $65,000 per year — will affect about ...
In 2001, Princeton University became the first university in the United States to eliminate loans from its financial aid packages. Since then, many other schools have followed in eliminating some or all loans from their financial aid programs.
Under the new program, attendance will be free for students from families earning up to $100,000 a year. Princeton to create new financial aid to make attendance affordable Skip to main content
Princeton's operating budget is over $2 billion per year, with 50% going to academic departments and programs, 33% to administrative and student service departments, 10% to financial aid departments, and 7% to the Princeton Plasma Physics Laboratory.
Each institution has its own definition of meeting the full demonstrated need. Some schools meet this need through grants and/or merit or talent scholarships alone, while others may include loans and work-study programs. As a result, a student's financial aid package can differ greatly between schools that claim to meet full demonstrated need.
In 1771, future president James Madison began graduate work at Princeton University under the tutelage of President John Witherspoon, another Founding Father. [4] Often considered Princeton's "first graduate student," [5] Madison studied Hebrew and Political Philosophy, which provided him the foundation for his later career as the delegate to the Congress of the Confederation from Virginia ...
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