PrincetonUniversity
A Princeton Profile, 2004-05
The Undergraduate College (cont.)
Costs and Financial Aid
Here is what it costs for an undergraduate to study at Princeton in 2004-05:
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| Tuition and other fees |
$29,910
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| Room |
4,315
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| Board |
4,072
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| Miscellaneous expenses (books, supplies, etc.) |
3,083
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| Total |
$41,380
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Firmly committed to equality of opportunity, Princeton admits students without regard to their financial circumstances and provides student grants and campus jobs -- not student loans -- to meet the full demonstrated financial need of all students offered admission. This policy applies to both domestic and international applicants. Currently, approximately half of Princeton's undergraduate students receive financial aid from the University.
Students who receive financial aid help pay for their education by working in the summer and during the school year. Since they are no longer required to take loans to help pay their basic expenses, the University provides grants to fill any gap between the cost of attendance and the amount a student and his or her parents are able to pay.
The amount parents are asked to contribute varies from family to family based on a review of their individual financial circumstances. Princeton uses its own need formula to determine parental contributions.
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| Princeton's Financial Aid Budget, 2004-05 | ||||
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| Number of undergraduates receiving financial aid |
51%
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2,400
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| Median family income of students receiving aid |
$94,500
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| Total scholarship budget |
$60,000,000
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| Provided by the University |
91%
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| Endowed scholarships |
41,600,000
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| General funds |
10,850,000
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| Yearly gifts to scholarship program |
2,000,000
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| Provided by government |
4%
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2,650,000
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| Provided by outside organizations |
5%
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2,900,000
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| Earnings of financial aid students |
$2,000,000
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