Fees & Payment Options

For the 2020-21 academic year, there are three student budgets.

Fall 2020 Cost of Attendance

Fall 2020 Cost of Attendance

	On Campus	At Home	Off Campus
Tuition	24,251	24,251	24,251
Room Charge	3,998	0	0
Board Charge	2,100	0	0
Living Expense Allowance	704	2,969	5,941
Books and Personal Expenses	1,850	2,200	2,200

Included in the books and personal expenses allowance are charges for class dues and a one-time transcript fee.

All students will be charged the same rate for tuition, whether they are on campus or not. Students who live on campus in the fall semester will be charged pro-rated room and board costs of $3,998 and $2,100, respectively, based on a Thanksgiving departure. These students will receive a $704 allowance for at home expenses and a $100 allowance for at home Internet access during reading period and exams, which is included in the $1,850 books and personal expenses allowance. The basic student budget for the fall is $32,903. A round trip travel allowance for students who live more than 200 miles from Princeton will be added to the on campus basic budget.

Students not invited to return to campus for the fall will have an at home cost of attendance that includes an allowance of $2,969 for living expenses and $2,200 for books and personal expenses. The books and personal expense allowance is increased by $450 for internet access. The at home basic budget is $29,420.

Students who request an off campus budget will have a $5,941 living expense allowance and a $2,200 books and personal expense allowance. The off campus basic budget is $32,392. A lease, sublease, or Airbnb (or other third-party service) contract is required to request an off campus budget. The cost of travel will be reviewed individually.

Students who are not covered by a family health insurance policy must enroll in the Student Health Plan, which is estimated to cost $2,580 for students who are new to the plan. Finanical aid is available for students who do not have comparable health insurance coverage.

Estimated Spring 2021 Cost of Attendance

Estimated Spring 2021 Cost of Attendance

	On Campus	At Home	Off Campus
Tuition	24,251	24,251	24,251
Room Charge	5,240	0	0
Board Charge	2,750	0	0
Living Expense Allowance	0	2,969	5,941
Books and Personal Expenses	1,750	2,200	2,200

The spring 2021 cost of attendance will be reviewed in December based on information available at that time. It is currently expected that the spring 2021 on campus charges will be for the full 16-week semester.

Payment Options

Princeton offers different methods for paying the University bill:

• One payment each semester: If you choose the semester plan, one-half of Princeton’s charges will be due in the fall and one-half in the spring. Any subsequent miscellaneous charges a student incurs (for example, charging books to the student account) are due in full during the semester the charge is made.
• Nine monthly payments: The monthly payment plan allows you to spread payments out over the academic year, from September through May (four payments in the fall semester and five payments in the spring semester). The enrollment fee for this option is $40 per semester.
• Princeton Parent Loan (PPL): This loan gives families the opportunity to borrow their share of Princeton’s costs at either a variable or a fixed interest rate (currently 3.20 percent variable and 4.99 percent fixed) that is adjusted before the start of each academic year. The PPL is available to families based on their credit history and ability to meet repayment terms.  Further information about the PPL may be obtained from the Parent Loan Office.
• Direct PLUS Loan: PLUS is a federally sponsored direct loan to parents who may borrow up to the cost of attendance less financial aid received. The PLUS interest rate is fixed at 5.30 percent in 2020-21, and program fees of up to 4.236 percent may be charged.