What's Great About Princeton's Financial Aid

  • 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 $48,000 for the Class of 2020:  In 2016-17 the average aid grant covered 100% of tuition for freshmen receiving financial aid.
  • 84% 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 $8,500.
  • $147 million: The estimated amount of grants awarded to over 3,100 undergraduates in 2016-17.
  • 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.