No Loans: In 2001, Princeton became the first university to offer every aid recipient a financial aid package that replaces loans with grant aid that students do not pay back.
Approximately 60% of students receive financial aid: In the last decade, the amount of our average need-based grant increased by more than 90%, about twice as much as the amount of tuition increases for the same period.
An average grant of over $46,000 for the Class of 2019: In 2014-15 the average aid grant covered 100% of tuition for freshmen receiving financial aid.
83% of recent seniors graduated debt free: Princeton's no loan policy has made it possible for most students to graduate with no debt. For seniors who borrowed, the average total indebtedness at graduation was $6,600.
$140 million: The estimated amount of grants awarded to over 3,100 undergraduates in 2015-16.
A reasonable expected contribution from students and their parents: We determine a family's ability to pay using Princeton's own need formula, with fair and generous individual results.