|
|
Article: Princeton expands financial aid system
- Article from:
- University Wire
- Article date:
- January 30, 2001
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
Tristan Schweiger
University Wire
01-30-2001
(Daily Pennsylvanian) (U-WIRE) PHILADELPHIA -- A Princeton University education is about to become a lot cheaper. On Friday the Ivy League university decided that it would no longer require undergraduates to take out loans to help pay for their education. Instead, Princeton will replace all loans with grants and scholarships -- an initiative that could make the school more accessible to low- and middle-income students.
The decision, estimated to affect 25 percent of Princeton's current undergraduate population, will take effect this fall.
The funding for these grants will come from the university's endowment, which posted double-digit gains in the ...