Tuesday, December 2, 2008

Education

Brown Gets on Financial Aid Bandwagon

February 25, 2008 05:10 PM ET | Alison Go | Permanent Link | Print

Another day, and another school offering a new "strengthened" financial aid program. Brown University says it will increase by 20 percent the amount it spends on financial aid, to a total of $68.5 million. Families with incomes below $60,000 will not have to contribute to tuition, and families that make less than $100,000 won't have to pay student loans. Brown has also pledged to reduce loans for students across the board.

The money for the financial aid upgrade (ironically) will partially come from a 3.9 percent tuition bump, but was mostly made possible by last year's "extraordinary endowment returns." Brown's endowment totals $2.3 billion.

Tags: Brown University

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About The Paper Trail

Being a college graduate and all, writer Alison Go is uniquely qualified to sift through thousands of student newspaper headlines every day to bring you the latest, most important, or just plain weirdest news from campuses across the country. Heard bigger news or a crazier story? Send tips to papertrail@usnews.com.

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