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The considerable cost of attending one of the top American universities will now be covered for students whose parents earn less than $100,000 per year.
New Jersey’s Princeton University announced this week that families in that income bracket will no longer pay any cost to attend the prestigious school, whose famous alumni include former First Lady Michelle Obama, Supreme Court Justice Sonia Sotomayor, Queen Noor of Jordan and Jeff Bezos, the founder of Amazon.
Previously, only families earning less than $65,000 received full financial aid coverage. Over 25% of the university’s undergraduates, or 1,500 students, will now receive financial aid that covers the full cost of tuition and room and board, according to a Thursday news release.
At full price, a year of tuition at the Ivy League university costs almost $80,000, says Princeton’s website.
📸: Karsten Moran/The New York Times/Redux
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