by our College Data Analytics TeamThe total cost of attendance at Princeton University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Discover the financial aid possibilities at Princeton and learn what assistance you might qualify for by continuing to read.
$55,465.00 is the typical Princeton University’s first year financial aid package. About 62% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Princeton University you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers apply to scholarships and grants largely offered by the school itself.
61% of incoming freshmen (809 total) were awarded scholarships at Princeton University, averaging $52,437.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 25% of first-year students (330 total) got a federal grant, for about $6,201.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.84% | $71,192.00 |
| Income 30k-48k | 6.89% | $69,648.00 |
| Income 48k-75k | 6.44% | $68,608.00 |
| Income 75k-110k | 3.52% | $55,945.00 |
| Income 110k + | 2.70% | $33,139.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
62% of the 1335 undergraduates at Princeton University receive some sort of grant aid. This is a total of about 809 students getting an average of $55,465.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.