Costs & Financial Aid
As college costs rise, Princeton’s need-based financial aid program has more than kept pace. In fact, since 2003 our financial aid spending has grown by more than 150%, compared to a 47% rise in tuition. By increasing grants at a rate 3 times greater than tuition, Princeton has become more affordable today for families who qualify for aid than at any other time in the last 30 years. Approximately 60% of our students receive need-based aid, with an average grant approaching $40,000.
We actively encourage all qualified applicants to consider Princeton, regardless of whether they can afford the full cost of attending. There is no disadvantage in the admission process for financial aid applicants, ensuring equality of opportunity for low and middle income students. If admitted, applicants can be confident that their full financial need as determined by Princeton’s aid office will be met. These policies extend to all applicants, including international students.
Financial Aid Without Loans
Princeton has a long history of providing access through financial aid for qualified students. For more than three decades, we've considered students for admission to Princeton without concern over their families' ability to pay — and offered aid to cover 100 percent of each admitted student’s need.
In 2001, Princeton became the first university to offer every aid recipient a financial aid package that replaces loans with grant aid (scholarships) that students do not pay back. Since then, Princeton has been able to enroll growing numbers of students from low- and middle-income backgrounds with the grant aid they need to make our costs affordable. Our financial aid program is one of the best in the country, helping to bring an exceptional and diverse group of students to Princeton each year.
Learn More About Financial Aid at Princeton
As you consider college options, start by learning more about the cost of attending Princeton and how our aid program works. You can even get an idea of how much aid you might receive by using the Princeton Financial Aid Estimator. For more detailed information, consult the Undergraduate Financial Aid Information and Application Instructions.