What's Great About Princeton's Financial Aid
- No Loans: In 2001, Princeton became the first university to offer every aid recipient a financial aid package that replaces loans with grant aid that students do not pay back.
- Approximately 60% of students receive financial aid: In the last decade, the amount of our average need-based grant increased by more than 90%, about twice as much as the amount of tuition increases for the same period.
- An average grant of over $40,000: In 2013-14 the average aid grant covered 96% of tuition for undergraduates
- 75% of students graduate debt free: Princeton's no loan policy has made it possible for most students to graduate with no debt. For seniors who do borrow, the average total indebtedness at graduation is typically between $5,000 and $6,000.
- $131 million: The estimated amount of grants awarded to over 3,100 undergraduates in 2014-15.
- A reasonable expected contribution from students and their parents: We determine a family's ability to pay using Princeton's own need formula, with fair and generous individual results.