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A Princeton Profile, 2000 edition |
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Costs and Financial AidHere is what it costs for an undergraduate to study at Princeton in 2000-01:
Students who receive financial aid help pay for their education by working in the summer and during the school year (contributing an average of $5,000 in 2000-01) and by taking out loans offered at favorable terms. Loans are reduced or eliminated for low-income students. Princeton provides grants to fill any gap between a student's expenses and the amount a student and his or her parents are able to pay. The amount of the parental contribution is determined with the help of a formula developed by the College Scholarship Service. Princeton, however, uses a method that reduces or eliminates the home value in determining aid.
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Number of undergraduates receiving financial aid |
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42% |
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1,900 |
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Median family income of students receiving aid |
$79,000 |
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Total scholarship budget |
$33,500,000 |
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Provided by the University |
86% |
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Endowed scholarships |
28,400,000 |
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General funds |
0 |
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Yearly gifts to scholarship program |
600,000 |
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Provided by government |
8% |
2,400,000 |
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Provided by outside organizations |
6% |
2,100,000 |
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Earnings of financial aid students |
$1,900,000 |
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Amount borrowed by financial aid students |
$5,500,000 |
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