PrincetonUniversityA 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.
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