PrincetonUniversity

A Princeton Profile, 1999-2000   [<] [ ? ] [>]

Costs and Financial Aid

Here is what it costs for an undergraduate to study at Princeton in 1999-2000:

Comprehensive fee (tuition and other fees)	$24,630
Room	3,262
Board	3,707
Miscellaneous expenses (books, supplies, etc.)	2,581
Total	$34,180

Students applying for financial aid help pay for their education by working in the summer and during the school year (contributing an average of $5,000 in 1999-2000) and by taking out loans (typically $4,200) offered at favorable terms. Loans are reduced or eliminated for low-income students. Princeton provides grants to fill any gap between a student's expenses and the amount a student and his or her parents are able to pay.

The size of the parental contribution is determined with the help of a formula developed by the College Scholarship Service. Princeton, however, uses a method that reduces or eliminates the use of home value in determining aid.

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Princeton's Financial Aid Budget, 1999-2000

Number of undergraduates receiving financial aid				43%	2000
Median family income of students receiving aid					$73,000
Total scholarship budget					$315,00,000
	Provided by the University			85%
		Endowed scholarships			$26,300,000
		General funds			$0
		Yearly gifts to scholarship program			$600,000
	Provided by government			7%	$2,300,000
	Provided by outside organizations			7%	$2,300,000
Amount borrowed by financial aid students					$2,000,000
Earnings of financial aid students					$7,000,000

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