Word: betterton
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...just thought it was time to reverse the trend,” says Don Betterton, Princeton’s director of financial aid. “We had started about three years before to not give loans to low-income students. We finally reached the time where it looked like it was time to eliminate loans for everybody...
...Betterton says promising away debt potential has raised Princeton’s low-income population “substantially,” but he would not say by how much. Still, in the 2001-02 academic year, Princeton remained the least economically diverse school in the Ivy League, with only seven percent of its students receiving Pell Grants...
Princeton more than any other institution on this list has been charged with excluding low-income students. But three years ago the school made a high-profile move to promise away debt for all graduates. In response, says Princeton’s financial aid director Don Betterton, socioeconomic diversity increased “substantially,” but Betterton would not say by how much, and Princeton remains at the bottom of the Ivy League in Pell numbers...
...which loans make up an increasing proportion of financial aid packages. Loans account for 60 percent of all student aid, and those forced to take out loans throughout their four years of college will graduate this year with average debt between $15,000 and $20,000, according to Don Betterton, Princeton's director of undergraduate financial...
...reduce pressure on parents and students," Betterton said. "This year, butressed by giving, a capital campaign and our successful endowment investments, we were able to do what we did three years ago for all our students...