February 2, 1998 Volume 87, Number 15 Prev | Next | Index Princeton University Office of Communications Stanhope Hall Princeton, NJ 08544 Tel 609/258-3601 Fax 609/258-1301 Subscriptions. The Bulletin is published weekly during the academic year, except during University breaks and exam weeks, by the Office of Communications. Anyone may subscribe. Subscriptions for the academic year 1997-98 are $24 ($12 for Princeton parents and people over 65), payable in advance to Princeton University. Send check to Office of Communications, Stanhope Hall (609/258-3601). All members of the faculty, staff and student body receive the Bulletin without charge. Editor: Sally Freedman Associate editor:     Caroline Moseley Calendar and production editor:     Carolyn Geller Photographers: Denise Applewhite,     Robert P. Matthews Web edition: Mahlon Lovett

President Harold Shapiro (r) answered questions at a January 26 press conference at which Princeton announced its new financial aid policies. With him are Provost Jeremiah Ostriker and Financial Aid Director Don Betterton (l). The screen displays a new Princeton web page that will contain a financial aid estimator for potential students. The changes in Princeton's aid policies attracted national attention; stories ran in national newspapers such as the Wall Street Journal, New York Times and USA Today and on the Associated Press national wire; and on Cable News Network, National Public Radio and the CBS Radio Network, among others.   More aid for students New financial aid policies enhance Princeton's affordability for lower income families The trustees have made two changes in financial aid policy that will significantly increase Princeton's affordability for lower and middle income students. They also have reaffirmed a policy designed to ensure that Princeton students and their families retain the full benefit of new federal tuition tax credits that begin to take effect this year.     Together, these measures represent "the most important changes in Princeton's financial aid policies in several decades," the trustees said. "They will result in a substantial increase in scholarship awards for most students on financial aid, and we hope they will send a very clear message that one of Princeton's highest priorities is to be affordable to all students and their families." Student fees for 1998-99 show lowest percentage increase in more than 30 years AG helps achieve priorities Next year's $572 million budget is projected to be in balance, despite the lowest percentage tuition increase in three decades and an expensive new financial aid initiative, thanks in large measure to the success of annual fundraising associated with the ongoing 250th Anniversary Campaign. Annual Giving has set new records in each of the past two years and last year substantially exceeded its goal in raising an all-time high of $29.6 million.     The operating budget adopted by the trustees on January 24 increases student fees for the 1998-99 academic year by 3.7 percent, the lowest percentage increase in over 30 years. It substantially improves the financial aid program offered to undergraduates, by eliminating the loan expectation on families with incomes below the national median and by reducing the effect of home equity on calculations of families' ability to pay. MLK Day Princeton trustee Randall Kennedy '77 (l) spoke with President Shapiro and Princeton Township mayor Phyllis Marchand after the University's 1998 Martin Luther King Day program on January 19.     Kennedy, professor of law at Harvard University, was the featured speaker in the program, which included the awarding of prizes to area students.  Faculty news Trustees name two to tenured ranks... Meyers (physics) promoted to professor Faculty reappointments...   Obituaries Geoffrey S. Watson, 76, professor of statistics, emeritus, and senior research statistician... Alfred Bernard, 64, a painter in the Paint Shop with the University since 1959... Edward P. Bullard, III, 34, a master's degree candidate in the Woodrow Wilson School...

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