Affordable for everyone: financial aid to Princeton
Princeton University’s financial aid policy is recognized as one of the most generous in the country.
The robustness of the University financial aid the packages are built on grants, which do not have to be repaid. Our aid program requires no borrowing, so students can graduate debt-free.
Financial aid is based solely on the needs of the student. Students from a wide range of socio-economic backgrounds – from low-income applicants to applicants with a family income of $ 250,000 – can receive assistance that meets their proven needs.
Grants, not loans
100 percent of tuition, college, and room and board fees for families earning up to $ 65,000 are covered for students in the class of 2022.
Zero debt is possible
82 percent of recent Princeton seniors graduated debt free. For seniors who chose to borrow, the average total debt at the time of graduation was $ 9,000.
Tuition fees are covered
100 percent of tuition is covered by Princeton’s Average Aid Program for Class of 2022 students with family income of up to $ 160,000.
Our aid program ensures that all students admitted to Princeton can afford to attend university. In fact, Princeton will likely be more affordable than a state university for low- and middle-income students.
Princeton’s commitment to access and affordability has ensured the continued and growing enrollment of a diverse group of students from low and middle income backgrounds.
We are also one of a handful of schools in the United States that fully meet the demonstrated needs of admitted students, regardless of nationality.
Meeting the needs of students
60 percent of Princeton undergraduates receive financial aid. Students from low- and middle-income backgrounds are eligible for assistance, including students whose family income does not exceed $ 250,000.
20% of students in the Class of 2022 receive Federal Pell Grants for Low Income Students. Princeton has dramatically increased the number of low-income students. Only 7 percent of students in the 2008 class were eligible for Pell scholarships.
For more information, visit the Admissions Office website where you can also find “Affordable for all” (.pdf), the financial aid brochure available in English and Spanish. A version of this story is also available in spanish. [Lea esta artículo en español.]