PRINCETON, N.J. (AP) — After receiving a record number of applications, Princeton University has offered admission to slightly more than 8 percent of those seeking to attend the Ivy League school.
Calling it the most selective admission process in school history, Princeton announced Thursday that it has offered admission to 2,148 students. That’s 8.18 percent of the record 26,247 applicants for the class of 2014.
This compares to an admission rate of 9.94 percent last year, and 9.25 percent in 2008.
Princeton expects that more than 60 percent of the incoming class will receive need-based financial aid, with the average grant projected to exceed $36,000.
Princeton has a “no-loan” policy through which financial need is met with grants instead of loans.
Copyright 2010 The Associated Press.