PrincetonUniversity
A Princeton Profile 1997-98Costs and Financial Aid
Here is what it costs for an undergraduate to study at Princeton in 1997-98:
Comprehensive fee (tuition and other fees) ... $22,920 Room ........................... 2,987 Board .......................... 3,528 Miscellaneous expenses (books, supplies, etc.) ...... 2,435 Total ........................ $31,870Students applying for financial aid help pay for their education by working in the summer and during the school year (contributing an average of $4,500 in 1997-98) and by taking out loans (typically $4,000) offered at favorable terms. Princeton then provides scholarships to fill any gap between a student's expenses and the amount a student and his or her parents are able to contribute.
The size of the parental contribution is determined with the help of a formula developed by the College Scholarship Service and used by many colleges across the country.
Princeton's Financial Aid Budget, 1997-98 Number of undergraduates receiving financial aid ... 43% ....... 1,950 Median family income of students receiving aid ............... $70,000 Total scholarship budget ... ............................. $28,200,000 ... Provided by the University ..................... 85% ... ... Endowed scholarships .............................. 21,000,000 ... ... General funds ...................................... 2,600,000 ... ... Yearly gifts to scholarship program .................. 300,000 ... Provided by government .......................... 8% ... 2,300,000 ... Provided by outside organizations ............... 7% ... 2,000,000 Amount borrowed by financial aid students ................. $7,000,000 Earnings of financial aid students ........................ $2,000,000