PrincetonUniversity
A Princeton Profile, 2002 edition

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Costs and Financial Aid

Here is what it costs for an undergraduate to study at Princeton in 2002-03:

Comprehensive fee    (tuition and other fees)		$27,230
Room		3,912
Board		3,930
Miscellaneous expenses    (books, supplies, etc.)		2,888
Total		$37,960

Students who receive financial aid help pay for their education by working in the summer and during the school year. Princeton students are no longer required to take loans to help pay their basic expenses. 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 parents are asked to pay varies from family to family based on a review of their individual financial circumstances. Princeton uses its own need formula to determine parental contributions.

Princeton's Financial Aid Budget, 2002-03

Number of undergraduates     receiving financial aid		45%		2,080
Median family income of students receiving aid				$90,000
Total scholarship budget				$46,670,000
Provided by the University		90%
Endowed scholarships				37,100,000
General funds				3,785,000
Yearly gifts to scholarship program				900,000
Provided by government		6%		2,670,000
Provided by outside organizations		4%		2,215,000
Earnings of financial aid students				$1,900,000

 
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