Financial Aid & Affordability Overview
From Princeton University
Princeton is attainable, accessible and affordable. Our aid program is designed to encourage all qualified students — regardless of financial circumstances — to consider applying for admission to Princeton. Reflected in Princeton’s financial aid program is our commitment to access and affordability. Princeton admission is need-blind — there is no disadvantage in the admission process for financial aid applicants. This ensures a continued and growing enrollment of a diverse group of students from all socioeconomic backgrounds. If offered admission, Princeton will meet 100% of your demonstrated financial need with grant aid. In fact, Princeton is often less expensive than a state college or university.
We determine a family’s ability to pay using our own simplified formula. Princeton’s no-loan policy replaces student loans with grant aid that students do not pay back — this makes it possible to graduate with little to no debt.
Costs
The sticker price at Princeton is $78,490. This sticker price includes costs for tuition, books and supplies, room and board, and other miscellaneous expenses.
It’s also important to note that the cost of attendance can vary from year to year and typically it will rise over your four years in college. With that said, your financial aid will also be recalculated every year to take any price increases, as well as any changes in your financial situation, into account.
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Princeton University Questbridge Scholarships
Princeton is a member of Questbridge, which is a prestigious scholarship program that supports high-achieving students from low-income backgrounds. Students who are “matched” to Princeton University through Questbridge receive a four year, full ride scholarship to the school. If you are interested in learning more about Questbridge, you can check out our Questbridge Scholarship guide.
Princeton University’s 100% Need-Met Guarantee
Princeton has committed to meeting 100% of applicants’ financial needs. They determine your financial need using the FAFSA and/or CSS Profile, and will ensure that your financial aid package covers any costs you cannot pay.
No Loan Policy at Princeton
Princeton is a no-loan school, which means that their financial aid packages offer students grants and scholarships in place of the federal loans that are typically part of a package. This means that their financial aid is more generous than most, and they help bridge the gap between cost and student need. Some no-loan schools offer this policy for all accepted students while others only extend it to students below a specific income level, or to in-state students. Be sure to check Princeton's website for details on their No-Loan policy.
Princeton University Financial Aid
Students who are applying for financial aid at Princeton University need to submit the Free Application for Federal Student Aid (or FAFSA).The FAFSA opens up on October 1st, and students should apply as soon as they can! The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.
The FAFSA code for Princeton University is 002627.
If you are looking for more information on how to complete the FAFSA, check out our How to Complete the FAFSA Guide.
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Pell Grants at Princeton University
22% of students at Princeton University receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to Princeton University.
You can learn more about Pell Grant eligibility here.
Outside Scholarships
Princeton students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:
Princeton University Financial Aid Resources
If you are looking for more information about financial aid and scholarships at Princeton or have questions that are specific to your personal situation, we recommend that you reach out directly to the financial aid office!
Here’s how you can get in touch:
- Website: https://finaid.princeton.edu/
- Email: [email protected]
- Phone: 609-258-3330