Brown University Expands Financial Aid Initiative

Brown University Announces New Initiative to Expand Financial Aid and Promote Inclusivity

Providence, Rhode Island – May 17, 2025 – Brown University has unveiled a groundbreaking financial aid initiative aimed at making Ivy League education more accessible to students from low- and middle-income families. The program, dubbed the 'Brown Promise Expansion,' will eliminate all student loans from financial aid packages, replacing them with grants and scholarships by the 2026-2027 academic year.

University President Christina H. Paxson announced the plan during a press conference on Friday, emphasizing Brown’s commitment to reducing financial barriers in higher education. 'Education should be a pathway to opportunity, not a burden of debt,' Paxson stated. 'This expansion ensures that every admitted student can pursue their academic dreams without the weight of unmanageable loans.'

Key Highlights of the Initiative:

Loan-Free Aid Packages: Starting next year, Brown will replace loans with university grants for all undergraduate students, joining a small group of elite institutions with no-loan policies.

Increased Support for Middle-Income Families: The initiative expands eligibility for financial aid, offering more substantial support to families earning up to $125,000 annually.

Enhanced Career Support: Brown will also bolster its career services, ensuring students have access to internships, research opportunities, and post-graduation guidance without financial constraints.

The move comes amid growing national concerns over student debt, which exceeds $1.7 trillion in the U.S. Brown’s decision follows similar steps by peer institutions like Princeton and Columbia but goes further by including additional support for middle-income households.

Student leaders praised the announcement. 'This is a game-changer,' said Priya Thompson, a junior and first-generation college student. 'Many of us hesitated to even apply to Brown because of cost. Now, more students like me will see it as an option.'

The initiative is funded through a combination of endowment returns and a recent $100 million donation from an anonymous alum. University officials say additional fundraising efforts are underway to sustain the program long-term.

As Brown prepares to welcome its next class, the policy shift signals a broader push toward equity in higher education—one that may inspire other universities to follow suit.

For more details, visit Brown University’s official website.

By [Your Name], Staff Writer
Published: May 17, 2025

(Note: This is a fictional news story based on trends in higher education. Adjust details as needed for accuracy.)

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