Princeton University offers free tuition for some families

(CNN) - Students can go to Princeton University for free if their family earns less than $100,000.

The Ivy League school in New Jersey announced a more generous financial aid program Thursday.

Previously, students only qualified if their families made less than $65,000.

Now, most students from families earning less than $100,000 annually will get free tuition, room and board.

Princeton said about 1,500 undergraduates, which is about a quarter of the undergraduate student body, will get this aid.

Also under the new policies, which take effect next fall, more scholarship funding will go to families earning less than $150,000 a year.

Other Ivy League schools have also recently boosted financial aid for their students.

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