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Princeton Tuition Information

In 2021, tuition for full-time students at Princeton University was $53,890 a year.

Tuition increased 8.98 percent in 2021, from $49,450 the prior year. On average, college tuition rises about 3 percent a year.

If these numbers feel scary, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college more manageable.

Does Princeton Offer In-State and Out-of-State Tuition?

Princeton University is a private, nonprofit institution, so it has the same tuition for residents of New Jersey as it does for residents from other states.

Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Attending a school where you qualify for in-state tuition can save significant money on the overall cost of college. Every state has their own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school.

Explore other New Jersey colleges

Princeton International Student Tuition

Tuition at Princeton is the same for all students.

International students are not eligible for federal financial aid, but may be eligible for school-specific aid and scholarships. International students with need may be eligible for the following types of financial support:

On-campus jobs

Princeton-specific loans

Princeton-specific scholarships

Princeton Living Expenses and Other Costs

In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies.

Room and Board at Princeton

Room and board at Princeton is $17,820 a year. This includes the cost of living in dorms or other campus housing, plus a meal plan that allows you to eat in the school dining facilities.

Board costs may vary depending on how many meals are included in the meal plan you choose.

Cost of Books at Princeton

The cost of books often surprises first-year college students. At Princeton, you can expect to pay about $1,050 a year for books and supplies. This does not count the initial cost of a computer or other technology. The actual cost of books depends on the courses you take and the materials required.

Yearly Fees

Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.

There may also be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team, may mean additional fees.

Transportation costs

The total cost of transportation in college can really vary. It depends on if you drive or fly to get to school, own a car, or if you prefer to walk or take public transportation to get around campus.

A school's location can impact transportation costs. The Princeton University campus is in a suburban setting in New Jersey, not far from New York City and Philadelphia. First-year students are not allowed to park a car on campus.

For Princeton students, $700 is good ballpark for transportation costs for on-campus students.

Other College Costs

When creating a budget for college, don’t forget to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.

Let’s look at the breakdown of all expenses, which can add up for both on-campus and off-campus students.

Total Cost of Princeton

2021 Total Tuition and Expenses
Tuition $53,890
Room and Board $17,820
Books and Supplies $1,050
Transportation $700
Other expenses $2,450
Total Estimated Costs
On-Campus $75,210
Off-Campus $54,940

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

Princeton’s tuition and fees change based on: Course load for part-time students

Financial Aid at Princeton

The majority of Princeton undergrads use financial aid to finance their education. In 2021, 2,904 of the 4,773 undergrads enrolled received financial aid. Princeton meets 100 percent of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $50,459 a year. Around 17 percent of Princeton undergrads take out student loans to cover any remaining costs. Princeton graduates who have student loans graduate with an average of $9,445 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans $9,667
State Loans $0
Princeton-Specific Loans $5,747
Private Loans $21,801
Most Common Loans for Princeton Students
Federal Loans 8%
Institutional Loans 14%
Private loans 3%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Princeton financial aid, keep reading, or visit their financial aid website.

Scholarships at Princeton

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2021, Princeton awarded 2,904 need-based scholarships to students, giving away total of $152,280,856 to help students with financial need cover the cost of school.

Net Cost of Princeton

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Princeton students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Princeton was $50,459 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Princeton seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus $24,751
Off-Campus $4,481

What will attending Princeton really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Princeton's net cost calculator on their website.

Princeton Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Princeton does not have guaranteed tuition.

The school offers a Prepaid Tuition Plan, which is a type of college savings plan that enables people to purchase future credits for their children at today's rate. It is best for people who are sure they or their child will attend a public school in their state.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Princeton offer tuition waivers?

Schools sometimes offer tuition waivers to certain groups to cover some or all of the cost of tuition. Some schools offer them for employees and their family, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student

Princeton has some full or partial tuition waivers available for: Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Princeton Tuition & Fees

Tuition & Fees

$72,760

In State

$72,760

Out-of-State
Cost Breakdown
In State
Out-of-State
State Tuition
$53,890
$53,890
Fees
Unknown
Unknown
Housing
$17,820
$17,820
Books
$1,050
$1,050

Princeton Financial Aid

Students Who Receive Need-Based Aid

62%

Average Financial Aid Package

$52,681

© 2021 College Confidential / Concentrical LLC, Data provided by IPEDs and Peterson's Databases, © 2020 Peterson's LLC.

Quick Facts

Total Enrollment

7,852

Campus Setting

Suburban

Acceptance Rate

6%

Tuition and Fees

In State

$53,890

Out-of-State

$53,890

Fall Freshmen
Application Deadline

Jan 1
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