Fees & Payment Options

Student Budget

The cost of attendance for 2023-24 is $83,140 and includes:

• Tuition: $59,710.

• Housing: $11,400.

• Food: $7,980.

• Estimated miscellaneous expenses: $4,050.

The housing and food are standard for the University dormitories and meal plans. Estimated miscellaneous expenses include the activities fee and class dues. Approximately $250 of the $4,050 estimated for books and personal expenses, are billed by the University along with tuition, housing, and food. Financial aid credits are deducted from the University bill for those who qualify, leaving the remainder due as a family payment on either a semester or monthly basis.

This estimate does not include the cost of transportation, which may range between $300 and $5,000. Students who are not covered by a family health insurance policy must purchase Student Health Plan coverage.

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.

• Ten monthly payments: The monthly payment plan allows you to spread payments out over the academic year, from August through May. 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 4.40% variable and 4.99% 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 was fixed at 7.54% in 2022-2023, and program fees of up to 4.228% may be charged.