The Board of Trustees approved a $2.92 billion budget for the 2023-24 academic year, including a 26.4% increase in undergraduate financial aid, the University announced March 31. The $268 million allotment for undergraduate aid follows a September 2022 commitment to make a Princeton education free to most families with incomes up to $100,000. Tuition and fees for undergrads will increase by 4% to $79,090, and the University said the average scholarship for students receiving aid will be about $74,680. The trustees also approved a 5% increase in graduate student stipends.

U.S. Rep. Terri Sewell ’86, a Democrat from Alabama and University trustee, was selected as the speaker for the 2023 Class Day ceremony later this month. Sewell has been a member of Congress since 2010 and will be the first alum to speak at Class Day since 2019, when actress Ellie Kemper ’02 delivered the featured address.

The Princeton faculty approved a new Ph.D. program in quantum science and engineering at a meeting in early April. The proposal was submitted by faculty from the departments of physics, chemistry, and electrical and computer engineering.