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Princeton 2012-2013 Freshman Applications Fall 1.9%

Jan. 30 (Bloomberg) -- Princeton University reported a 1.9 percent drop in freshman applications for the 2012-2013 academic year, the latest Ivy League school to experience a decline after years of record increases.

Princeton received 26,663 applications, down from 27,189 a year earlier, according to a statement today on the website of the school in Princeton, New Jersey.

Tuition and fees for the next school year will rise 4.5 percent, the highest in six years, the college said on Jan. 28. Its financial aid budget will be $116 million.

Freshman applications dropped 1.9 percent at Harvard University, 1.7 percent at the University of Pennsylvania, 8.9 percent at Columbia University and about 7 percent at Brown University, the colleges reported. The Ivy League consists of eight schools in the northeastern U.S.

To contact the reporter on this story: Janet Lorin in New York jlorin@bloomberg.net.

To contact the editor responsible for this story: Lisa Wolfson at lwolfson@bloomberg.net.

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