Briefly: Financial crisis spurs aid growth at Princeton

Princeton University announced Tuesday that it will likely increase financial aid spending by $3 to $4 million this year in order to meet growing student need as a result of the economic downturn. Yale, too, will continue to meet all demonstrated student need in the wake of the financial crisis, Director of Student Financial Services Caesar Storlazzi said in a telephone interview Tuesday night. The financial aid office has anticipated a higher number of financial aid reviews for the spring term and will augment the current budget of over $86 million if needed, Storlazzi said.

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