B Y T H E N U M B E R S
Students from differing economic backgrounds
From the beginning, Princeton has welcomed students from differing economic backgrounds:
James Leslie, a member of the class of 1759, attended Princeton with the help of a gift of 13 British pounds from a "Fund for Pious Youth.'' After graduation, he became a school teacher in New York City. When he died in 1792, he left his frugally guarded savings to the College as a perpetual fund "for the education of poor and pious youth.'' In grateful recognition, President John Witherspoon designated this fund "The Leslie Fund'' and it is now part of the University's endowment.
The University's 2002-03 scholarship budget is $48.3 million. A total of 89 percent of the scholarship funds come from University sources: $38.5 million from endowed scholarships; $3.3 million from general funds; and $1.1 million from annual gifts to the scholarship program. Of the remaining amount, 5.5 percent or $2.7 million is provided by government sources and 5.5 percent or $2.7 million is provided by outside organizations.
Since the University began making recent improvements in its financial aid program, the percentage of the freshman class on aid has increased from 38 percent of the class of 2001 to 51 percent of the class of 2006.
The University today admits all students on a "need-blind" basis, making Princeton one of only five institutions that admits domestic and foreign students without regard to their financial circumstances.
Sources: "A Princeton Companion" by Alexander Leitch and Office of Undergraduate Financial Aid.
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