In this Thursday, April 25, 2013 photo, Christopher L. Eisgruber, Princeton University’s provost for the past nine years, speaks during an interview, in Princeton, N.J. Princeton President Shirley M. Tilghman has announced that Eisgruber will be her replacement, becoming the University’s 20th president, effective July 1. Eisgruber succeeds Tilghman, who last fall announced her intention to step down at the end of this academic year after completing 12 years in office. (AP Photo/Mel Evans)
PRINCETON, N.J. (AP) — Princeton University is getting a new president, but unlike many other institutions where there’s change at the top, the Ivy League university is hardly at a crossroads.
While other universities have struggled to balance their budgets since the Great Recession, Princeton has leaned on a $17 billion endowment to keep bringing in top students and sending them out into the world with no debt thanks to a no-loan financial aid program.
Other universities talk about improving their scholarships and increasing their reputations. Princeton tops the U.S. News and World Report university rankings nearly every year, and when it doesn’t Login to read more