PRINCETON, N.J. (AP) — Princeton University says its endowment grew 12.7 percent in the past fiscal year, a rate of growth higher than Harvard’s or Yale’s during the same time period.

Princeton said Monday that its endowment was valued at $22.7 billion. That’s $1.7 billion more than a year earlier. The endowment is one of the biggest among U.S. universities.

READ MORE: EXCLUSIVE: Teen Pilot Who Landed Plane On Bridge In Ocean City Shares How He Survived New Mexico Plane Crash

In recent weeks, Harvard has announced a one-year return of 5.8 percent, Yale 11.5 percent, Duke 4.4 percent and Massachusetts Institute of Technology 13.2 percent. That’s for the fiscal year that ended June 30.

READ MORE: Police: 4-Year-Old In Stable But Critical Condition After Being Struck By SUV In West Philly

Princeton says its increased financial standing has helped it boost financial aid. Students from families with incomes at the U.S. median of $54,000 receive grants to cover tuition and room and board.

MORE NEWS: Jordan Burnham Turns Suicide Attempt Into Years Of Advocacy As Teens Face Epidemic Of Depression

(© Copyright 2015 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)