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Undergraduate Costs and Financial Aid

Here is what it costs for an undergraduate to study in 2014-15:

Tuition $41,820
Room 7,570
Board 6,050
Miscellaneous expenses (books, supplies, etc.) 3,525
Total $58,965

Admission to Princeton is need-blind for all applicants, including international students, ensuring equality of opportunity for low- and middle-income students. Princeton provides grants and campus jobs — not student loans — to meet the full demonstrated financial need of all students offered admission. Currently, about 60 percent of Princeton’s undergraduate students receive financial aid from the University.

Class of 2018

Percent on aid

Aid recipients 60%
Non-aid 40%

Average aid award ($44,700)

Grant aid 95% $42,600
Campus jobs 5% $2,100

Students who receive financial aid help pay for their education by working in the summer and during the school year. Because they are not 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 financial circumstances. Princeton uses its own need formula to determine parental contributions.

Princeton’s Estimated Financial Aid Budget, 2014-15

Number of undergraduates receiving financial aid 60% 3,150
Average family income of students receiving aid   $119,720
Average parental contribution for students receiving aid   $15,530
Total scholarship budget   $131,400,000
    Provided by the University 93.9%  
        Endowed scholarships   104,635,000
        General funds   18,325,000
        Yearly gifts to scholarship program   460,000
    Provided by government 3.4% 4,480,000
    Provided by outside organizations 2.6% 3,500,000
Earnings of financial aid students   $3,200,000