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Article: Princeton stands alone with new financial aid plan
- Article from:
- University Wire
- Article date:
- February 5, 2001
- Author:
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Tristan Schweiger
University Wire
02-05-2001
(Daily Pennsylvanian) (U-WIRE) PHILADELPHIA -- Princeton University's decision to end financial aid loan requirements remains a bold step that few, if any, other universities can match.
And University of Pennsylvania, despite a recent donation that earmarked roughly $6 million for financial aid, is no different.
"Essentially, the endowment we have for financial aid is lower per student than our peer institutions," Vice President for Finance and University Treasurer Craig Carnaroli said.
Penn's endowment is one of the largest in the country, at roughly $3.2 billion, but it ranks among the lowest on a per-student basis.
Carnaroli also said that ...