Gifts That Open Princeton’s Doors

August 8th, 2013 / Development Com...

Mather SundialScholarships can change lives for students who have everything it takes to succeed at Princeton—except the financial means.

Princeton’s financial aid program guarantees that any student who is admitted can attend, largely thanks to scholarships created by alumni and friends. Their gifts support the University’s need-blind admission and “no-loan” policy, and ensure that the best students from all backgrounds and financial circumstances can study with the world’s finest teacher-scholars.

Gifts to create scholarships build on a tradition of giving back that links all generations of Princetonians, starting with James Leslie, a member of the Class of 1759. Leslie attended Princeton with the help of a gift of 13 British pounds from a “Fund for Pious Youth.” When he died in 1792, his bequest became Princeton’s first scholarship fund. This year the Leslie Fund supports nine students.

A National Leader in Financial Aid

  • Financial aid covers 100 percent of need, ensuring that no student has to forgo a Princeton education for economic reasons.
  • Sixty percent of Princeton undergraduates are on financial aid; the average award is $39,700.
  • In the last decade, the number of Princeton students from low-income families has more than doubled and middle-income student enrollment has significantly increased.
  • Need-blind admission means that Princeton students learn with—and from—peers of different backgrounds, experiences, and perspectives.
  • Because Princeton’s aid packages do not require loans, graduating seniors are free to choose careers or graduate studies without the burden of debt typically associated with financial aid.
  • Princeton’s financial aid policies apply equally to international students, making a Princeton education affordable for students from around the world.

In today’s uncertain economic climate, the need for financial aid is greater than ever. Scholarships remove the financial barriers that stand between talented students and an extraordinary education, paving the way for them to reach their potential as scientists, artists, engineers, teachers, policy makers, executives, and community leaders.

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