Financial aid will increase 7.8 percent for 2020-2021, offsetting a 3.8 percent rise in tuition and fees.
A record $38 million has been raised for undergraduate financial aid in FY19.
Tuition and fees increase of 3 percent is the smallest percentage rise since 1970.
Substantial rise will benefit students and families across the economic spectrum.
Undergraduate financial aid budget to grow 8.8 percent; tuition and fees will rise 3.75 percent.
Increase to be offset by $95 million in financial-aid expenditures.
Increase to be offset by financial aid expenditures, which will grow to a record $97.6 million.