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In remarks prepared for a roundtable discussion on endowment spending on Capitol Hill Monday, Sept. 8, Princeton President Shirley M. Tilghman said it would be a serious mistake to take any step, including governmentally imposed mandatory payouts, that risks undermining the ability of American colleges and universities to compete globally in the 21st century.

Tilghman was one of 24 higher education leaders and financial experts asked to participate in the series of discussions, titled "Maximizing the Use of Endowment Funds＂

"At Princeton, for example, students who pay full tuition cover less than half the cost of their education," she said. "But fewer than half of our undergraduates actually pay full tuition. The average grant of financial aid for a freshman at Princeton this year is more than $33,450 (more than 97 percent of tuition), and for families with incomes below $75,000, their aid fully covers tuition, room and board. Even families earning between $180,000 and $200,000 receive average grants of more than $22,000. When adjusted for inflation, the average cost of attending Princeton over the last 10 years has actually declined more than 25 percent."

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• it still does not explain why the cost is over the full tuition -陌上花开缓缓行- ♀ (0 bytes) () 12/08/2012 postreply 16:52:12

• edu is very expensive. -壮士- ♂ (0 bytes) () 12/08/2012 postreply 16:56:33

• lol -陌上花开缓缓行- ♀ (0 bytes) () 12/08/2012 postreply 16:57:10

• There is nothing to laugh about, it is true. -燕京十景- ♀ (0 bytes) () 12/08/2012 postreply 17:09:38