Undergraduate students whose household income is less than $100,000 will not have to pay anything to attend Princeton University, the school announced Thursday in its new financial aid policy.
Starting in fall 2023, those students will not have to pay anything for tuition or room and board, and will be given $4,050 each school year for books and personal expenses.
More than 1,500 students – or 25% of the student body – are expected to benefit from the change.
“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,” Princeton University President Christopher L. Eisgruber said.