PRINCETON UNIVERSITY TUITION JUMPS BY 4.5 PER CENT

So you want an Ivy League education? You’d better have a rich uncle. Princeton University announced Monday that the annual cost of tuition was going up by 4.5 per cent to $51,280 for resident students. It’s the largest jump in six years. Here’s the breakdown for the 2012 school year: $38,650 for tuition, $6,950 for housing, and $5,680 for a full meal plan. The Princeton Board of Trustees also approved a 5.6 percent increase in scholarship money to undergrads.  University officials point out that the amount of financial aid has consistently outpaced the rise in fees and tuition.  Nearly 60 percent of students get financial aid.

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