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Tony Pals

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Those price drivers have all been increasing faster than college sticker prices. While tuition at a place like Princeton might be higher than the national average, its institutional aid packages are significantly higher than the national average.

For a small institution like this to raise that large amount of money involving such a high percentage of its alumni is significant.

So they usually face more financial challenges from year to year. That does require their leaders to be innovative, flexible and market-smart.

It's not unusual for a number of private institutions to be going through budget difficulties.

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