“The trustees of Princeton University have adopted the University’s operating budget for 2018-19, which includes a 7.7 percent increase to $174.2 million in the undergraduate financial aid budget to continue to ensure that a Princeton education is affordable for every admitted student.”
I do agree that tuition rates at colleges in the U.S. is way too high. I don’t know the realistic and attainable solutions to this problem.
“The average annual bill next year for students on aid is projected to decrease from $11,505 to $11,050, while the fee package (which includes tuition, room and board) for full-tuition paying families will increase from $62,750 to $65,810. For the 19th year in a row, Princeton will have the lowest fee package in the Ivy League.”
Given the current status quo across the U.S. colleges as a whole with no universal remedies in sight, however, I do commend Princeton’s continual effort to make the education affordable for all who are admitted across economic spectrum.
My son is finishing up his gap year, and we just received the FA package for 2018-19 from Princeton. According to the NPC I ran, we suppose to be tuition free (no, our income isn’t $180,000, so I don’t know where that came from), but I suspect that the actual FA offer with EFC being about $3K higher than expected was probably because he’s a gap year student already committed to Princeton. It’s still hard for us to complain about the fact that we’re able to send our son almost tuition free and with less financial burden than sending his older brother who attends the flagship state university.