Princeton, a top university in the US state of New Jersey, will be freed from autumn 2023 for students from families with an annual income of less than 100,000 dollars (98,485 euros). With the move, the university hopes to improve the “socio-economic diversity” of students at the school, the institution wrote in a letter. Press release.
Tuition at Princeton University was previously free for students from families with incomes below $65,000. A year of study at Princeton University costs about 80,000 dollars (78,788 euros).
By raising the $100,000 paying income threshold, college is free for about 25 percent of Princeton students. That is about 1500 people.
The university is known for its low enrollment rates and high academic standards. It is one of the most prestigious universities in the world. Michelle Obama and Amazon boss Jeff Bezos studied there.
“One of Princeton’s defining values is our commitment to ensuring that talented students of all backgrounds can not only be educated at Princeton, but thrive on our campus and in the world beyond,” said Princeton President Christopher L. Eisgruber writes. Press release.
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”