Wednesday, September 28, 2016

Full Ride Colleges and Universities Still Exist - Princeton

While the cost of obtaining a college degree in the U.S. has continued to climb, some colleges and universities offer enough financial support to make them virtually free to attend. Most of these institutions are private, and about two-thirds are liberal arts, according to a recent U.S. News and World Report survey. Half base how much they provide a student by the financial need of the family (as determined by the FAFSA form). The others base their contribution on merit alone.

One university where a Full Ride is possible is Princeton University, ranked number 1 in the nation by U.S. News. Princeton is located in a suburb in New Jersey. It was founded in 1746, making it the fourth oldest university in the nation. The campus covers 600 acres. The current undergrad population is 5,402 students. It’s a world class institution which provides an excellent education.

The application deadline at Princeton is the first of January. The early action deadline is November first. There’s a $65 fee to apply to the university. ACT and SAT test scores are due on January first. While it’s difficult to be selected to attend with an acceptance rate of only 7 percent, there’s an early acceptance rate of 19.9 percent.

The cost of tuition and fees for a year at Princeton is $45,320, (2016-2017). But with a Full Ride, this doesn’t matter. Most colleges that provide a Full Ride do so by combining student loans, scholarships, grants and a work-study program. The most important aspect of planning to go to any such university is to make sure that the amount of student loan required is zero, or close to it. The rest of the aid is free money. It never has to be paid back. It’s advantageous to attend college somewhere that provides a suitable education without leaving the graduate with a mountain of student loan debt.

You are reading from the blog,, where we empower families with knowledge to navigate the path to higher education without the burden of excessive loans.


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