Worried about how to pay for college? Examine the Cost of Princeton University Tuition and available financial aid before calculating the net price based on your income level to see if you can afford to enroll.
Tuition and Aid
Tuition fees typically cover about 50% of a student’s actual educational expenses at the university. Fees and other expenses for the academic year 2023–2023: $57,410 for tuition, $10,960 for a room and $7,670 Board rate.
The price list up top represents standard University fees. These fees are subject to modification without notice.
Students are not entitled to any credits against set fees because of changes in the programs they are enrolled in or the academic calendar. Students who do not have access to their family’s medical insurance must pay an additional $3,000 for a Princeton health plan.
The financial aid budget includes a $3,500 allocation for additional expenses that a student might incur over the academic year. Books, laundry, clothing, entertainment, incidentals, dues, and activity fees are typical examples of these costs.
Therefore, excluding travel costs, which vary based on a student’s state or country of residence, the estimated total student budget for the academic year 2023–23 is $79,540. They expected costs to climb somewhat in 2023–24.
Princeton University Tuition Financial Aid
Tuition, lodging and board fees, as well as any additional expected miscellaneous costs, make up the overall cost of attendance. To enable families to select a payment option that best suits their financial condition, the University offers a variety of payment choices.
Every year, undergraduate students must submit a financial aid application. It is their policy to satisfy every year’s whole showed demand.
Based on changes in a family’s financial situation and Princeton’s tuition costs, award amounts may alter from year to year.
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Princeton University Tuition Loan
The university provides the Princeton Parent Loan Program, which enables qualified families to borrow money from Princeton to cover their portion of the student’s budget over a protracted period.
Ten years after graduation, following the initial month of borrowing, they must complete repayment.
There are two interest options: variable, which is based on the six-month London Interbank Offered Rate (LIBOR) and adjusted every six months, in July and January, for the duration of the loan, and fixed, which is decided in August.
On the website for Finance and Treasury, they can submit an electronic application.
Princeton University Tuition Grant
They give students who are eligible and exhibit the lowest family contribution as assessed by the Free Application for Federal Student Aid the Federal Pell Grant (FAFSA). Students submit the FAFSA to request a Pell Grant.
Federal Supplemental Educational Opportunity Grant (FSEOG): Princeton administers these federal grants, and they prioritized FSEOG awards for students who qualify for Pell Grants and have the lowest family contribution.
Based on your family’s contribution as evaluated by Princeton’s method, they give the Princeton University Grant out.
Princeton will cover all of your proven financial need, first by considering any outside funding that has been granted to you (such as federal, state, and other monies), and then by making up the difference with a Princeton University Grant.
Princeton University Tuition Scholarship
Individual businesses, organizations, etc. provide funding for outside scholarships, which students must normally apply for on their own.
Employer-provided tuition assistance is included in the category of outside scholarships. Visit the Outside Scholarships webpage to learn more about Princeton’s regulations.
Princeton University Tuition Work Study
Many types of student jobs are available at Princeton, from traditional service jobs in the dining halls and libraries to positions focused on research and academics all throughout campus.
Student employment provides invaluable mentorship, fosters community, and fosters professional competencies for life and career after Princeton, besides its financial advantages.
Not all beneficiaries of financial aid are qualified for Federal Work-Study (FWS) funding. They capped earnings at the amount noted in the financial aid award, and they assess eligibility yearly.
Students who work beyond the allotted amount of their financial aid may have to stop. When a student is getting close to their FWS earnings cap, the Student Employment Office will let them know and, if possible, work with them to raise the cap.
Is Princeton University Expensive?
The $79,540 tuition and fees for 2023–2023 include: $71,410 for tuition. Cost of the room: $10,960. Cost of board: $7,670.
Does Princeton Offer Free Tuition?
Most families with yearly salaries up to $100,000 would no longer be needed to pay tuition or room and board for their undergraduate students, according to a statement from Princeton University made on September 8.
Families with annual incomes up to $300,000 will also receive additional financial aid.
What GPA you Need for Princeton?
At Princeton, there is a fierce GPA race. You must rank in the top ten percent of your class and have a grade point average of 3.9 in order to get accepted to Princeton.
You’ll have to outperform the other applicants by obtaining nearly perfect grades in each course you take.
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How Hard is it to Get into Princeton?
With a class of 2025 admittance rate of 4.38%, Princeton is exceptionally selective.
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