Princeton Says It Will Cover College Costs for Families Making Under $100K

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Commencement ceremonies takes place for the class of 2012 in front of Nassau Hall at Princeton University in Princeton, N.J., Tuesday, June 5, 2012. Over 1,200 undergraduates were awarded degrees in the class of 2012. (AP Photo/Mel Evans)
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Princeton University has announced it will cover the college costs for families making less than $100,000 annually. According to Bloomberg, students from families who made over the $100K threshold would receive additional financial support, including families with multiple children in college. The university noted that most of the supplementary scholarship funding would benefit families earning less than $150,000.

The upcoming policy change will take effect for all undergraduates – 25 percent of whom the university estimates will receive the aid covering all tuition, room and board, beginning in fall of 2023.

According to Princeton’s website, 83 percent of its recent graduating seniors are debt free. They also note that 62 percent of its undergraduate students already receive some financial aid.


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