Brown expands student aid after endowment, fundraising haul

Education
Brown University campus_601107

PROVIDENCE, R.I. (AP) — Brown University will expand financial aid for students and work to improve college access following lucrative hauls from its endowment and a fundraising campaign.

The Ivy league school announced Monday it will fully cover tuition for families earning $125,000 or less.

Students from families making less than $60,000 a year will also receive scholarships that covering all expenses.

Brown said it would also develop a college-preparatory program for public school students in Providence.

The university reported earlier this month that its endowment generated a more than 50% return and now sits around $6.9 billion.

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