to reduce pressure on parents and students," Betterton said. "This year, butressed by giving, a capital campaign and our successful endowment investments, we were able to do what we did three years ago for all our students."
According to Princeton spokesperson Marilyn Marks, the university has no intention of setting a precedent for financial aid reform.
"We are coming off a period where we've done well. Princeton is not pressuring anyone else, we just want to make sure that students who want to come to Princeton can," Marks said.
Harvard has not announced plans for a similar initiative, though Dean of the Faculty Jeremy R. Knowles says he supports Princeton's increase in aid.
"I am always pleased when a distinguished university improves the support of its students, for that opens the doors of higher education even wider," Knowles said.
Harvard's recent capital campaign raised $225 million earmarked specifically for financial aid.
"Financial aid was the largest goal in the capital campaign. The endowment is tightly restricted and we wanted to keep financial aid floating for the long term," Tiedermann said.
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