Affordable for All: Financial Aid at Princeton

F I NANC I AL AI D FOR S T U D E N T S AD M I T T E D T O T H E C L AS S OF 2 0 2 3

Gross Family Income

Percent Qualified

Average Grant

What It Covers

$0 – 65,000

100%

$71,340

Full tuition, college fee, room & board

$65,000 – 85,000

100%

$65,620

Full tuition, college fee, 75% room & board

$85,000 – 100,000

100%

$62,800

Full tuition, college fee, 58% room & board

$100,000 – 120,000

100%

$58,780

Full tuition, college fee, 35% room & board

$120,000 – 140,000

100%

$56,400

Full tuition, college fee, 21% room & board

$140,000 – 160,000

100%

$52,210

Full tuition

$160,000 – 180,000

100%

$47,470

91% tuition

$180,000 – 200,000

93%

$41,900

81% tuition

$200,000 – 250,000

82%

$35,185

68% tuition

$250,000 and above

34%

$25,430

49% tuition

most who qualify have 2 children in college

Shown above are average grant figures for students whose families reside in the United States. Your grant may vary from the above averages based on the Financial Aid Office’s evaluation of your individual family’s resources, including assets other than the primary family home and retirement funds.

admission.princeton.edu

Financial Aid Information admission.princeton.edu/cost-aid

In the Nation’s Service and the Service of Humanity Copyright © 2019 by The Trustees of Princeton University

Domestic and international students apply by completing

the following steps. For more detailed information, see the

Undergraduate Financial Aid Information and Application

Instructions at admission.princeton.edu/cost-aid.

1

You may submit a Princeton Financial Aid Application (PFAA) after you apply for admission. If you complete your admission application on or before November 1 for Single-Choice Early Action, the deadline to submit your financial aid forms is November 9. Applicants who apply Regular Decision have until February 1 to complete their PFAA.

Provide your parents’ federal income tax returns and W-2 statements filed in the spring of your junior year.

The equivalent documentation is required for nonfilers, including international applicants.

3 File the Free Application for Federal Student Aid

(FAFSA) online at www.fafsa.gov (U.S. citizens and permanent residents only).

Nondiscrimination Statement In compliance with Title IX of the Education Amendments of 1972, Section 504 of the Rehabilitation Act of 1973, Title VI of the Civil Rights Act of 1964 and other federal, state, and local laws, Princeton University does not discriminate on the basis of age, race, color, sex, sexual orientation, gender identity or expression, pregnancy, religion, national or ethnic origin, disability, or veteran status in any phase of its employment process, in any phase of its admission or financial aid programs, or other aspects of its educational programs or activities. The vice provost for institutional equity and diversity is the individual designated by the University to coordinate its efforts to comply with Title IX, Section 504 and other equal opportunity and affirmative action regulations and laws. Questions or concerns regarding Title IX, Section 504 or other aspects of Princeton’s equal opportunity or affirmative action programs should be directed to the Office of the Vice Provost for Institutional Equity and Diversity, Princeton University, 205 Nassau Hall, Princeton, NJ 08544 or (609) 258-6110.

950156-c

100

%

F I NANC I AL AI D APPL I CAT I ON D E AD L I N E S Single-Choice Early Action

Regular Decision

Princeton Financial Aid Application

Nov. 9

Feb. 1

Princeton Non-custodial Parent’s Form

Nov. 9

Feb. 1

Supporting Income Documents

Nov. 9

Feb. 1

FAFSA

Nov. 9

Feb. 1

(If applicable)

I N T E R NAT I ONAL E L I G I BI L I T Y Princeton does not limit financial aid available to international students. The full need of all admitted international students is met the same as it is for students from the United States.

Meeting your needs.

Tuition = $51,870 Residential college fee = $930 Room and board = $17,150

Office of Admission

2

H OW T O APPLY

of tuition is covered

by Princeton’s average aid package for students admitted to the Class of 2023 with family incomes up to $160,000.

Financial Aid at Princeton

Affordable for All

Princeton University is committed to access and affordability.

We provide financial aid in the form of grants, which do not have to be repaid. Our aid program does not require any borrowing, so students can graduate debt free. We were the first university in the country to eliminate the need to take out loans.

Our generous financial aid has ensured the continued and growing enrollment of a diverse group of students from lowand middle-income backgrounds.

T H E PR I NC E T ON F I NANC I AL AI D E S T I M AT OR

61

%

Each student’s need is determined individually based on family resources, and is met in full with grants.

Princeton’s confidential Financial Aid Estimator can help you determine if you would qualify for aid and the type of award you might receive.

The estimator is available at admission.princeton.edu/cost-aid/financial-aid-estimator.

of undergraduates receive financial aid.

Zero debt is possible.

Note: The aid estimator is valid only for U.S. and Canadian families.

Grants, not loans.

100

%

of tuition, college fee, and room and board for families earning up to $65,000 is covered for students admitted to the Class of 2023.

82

%

of recent seniors graduated debt free.

9,000

$

The average total indebtedness for graduating Princeton seniors who chose to borrow.

For comparison, about 70% of college seniors in the United States graduated with loans in 2016, and they carried an average debt of $30,100 (Source: The Project on Student Debt).

F R E QU E N T LY AS K E D QU E S T I ON S

Will applying for aid hurt my chance of being admitted to Princeton?

No. There is no disadvantage whatsoever in the

admission process for financial aid applicants.

How do you decide who gets financial aid?

Financial aid is awarded based on need only. We use the information you supply on your financial aid application to determine how much support we will provide. We do not offer merit-based aid or athletic scholarships.

Before I apply, can I get a sense of whether I might qualify for aid?

Yes. Just enter your financial information into the Princeton Financial Aid Estimator online for a quick idea of how much aid you may be qualified to receive. (Valid only for U.S. and Canadian families.)

Will I receive the same amount of financial aid every year?

It is our policy to meet students’ full demonstrated need each year. Award amounts may vary from year to year, based on changes in a family’s financial circumstances and Princeton’s cost of attendance.