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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, expanding on earlier reforms, Princeton became the first university to eliminate the use of student loans in financial aid, replacing them with grants. [ 128 ] [ 70 ] In addition, all admissions are need-blind , and financial aid meets 100% of demonstrated financial need. [ 305 ]
For example, schools such as Harvard, Princeton, University of Pennsylvania, University of Miami, Ithaca College, Cornell University, Johns Hopkins, University of Chicago, University of Oregon, and Williams College all offer packages to foreign students. Graduate students may have more luck with financial aid.
In the United States, schools with large financial aid budgets—typically private, college-preparatory boarding schools—tend to offer either need-blind admission or a commitment to meet the full demonstrated need of the U.S. citizen students that they admit (as determined by the schools' respective financial aid departments).
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In November 2006, Princeton administrators announced that they would increase upperclass financial aid packages by $2,000, in order to cover the difference in costs. [16] However, as of December 2009, there was still a "significant discrepancy" between the university financial aid package and the cost of some clubs.
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