The best university in Princeton in the US state of New Jersey will be free from the fall of 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 “social and economic diversity” of students at the school, the foundation wrote in a press release.
Studying at Princeton University was previously free for students from families with an income of less than $65,000. The cost of a year of study at Princeton University is about $80,000.
Raising the income limit to $100,000 makes college free for about 25 percent of Princeton students. That’s about 1,500 people.
The university is known for its low acceptance rates and high academic standard. It is one of the most prestigious universities in the world. Michelle Obama and Amazon chief Jeff Bezos, among others, studied there.
Princeton University President Christopher L. Isgrober wrote in a press release.
