Interesting article on academic vs. athletic recruiting

ParentOfIvyHope
Mon, 23 Nov 2009 12:49:57 +0000

Parent of Ivy Hope - Your daughter might have been confused - it was probably a grant - definitely not a loan. Princeton has been “no-loan” since 2001 for all [undergraduate] students. No student who is admitted, regardless of their family income, is given a financial aid package with a loan. Just FYI.

DD never applied for FA, so it was not a grant. It was just an offer that if we please to utilize Princeton will be able to provide interest free loan for 4 years or unless the student graduate. MIT has a similar institute loan option but at 8%. Interest free for 4 years was very tempting offer from Princeton for a full paying student.