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Colleges / Princeton University

Princeton University

Princeton, NJ 4-Year Private
Acceptance Rate6%
Acceptance Rate6%

Princeton Tuition Information

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

In 2021, tuition increased 8.98%–from $49,450 the previous year. On average, colleges raise tuition about 3% each year.

If this makes attending the college of your dreams sound impossible, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay way less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make thecost of college until you're done with college.

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 students who live in other states.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency..

Choosing an insitution where you are eligible for in-state tuition can drastically reduce the total cost of attending college. Be sure to confirm your state's requirements for in-state residency. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on where you live.

Explore other New Jersey colleges

Do International Students Pay More to Go to Princeton?

Princeton has the same tuition for international students as for those from out of state.

International students usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or Princeton-specific grants, scholarships, and other funding opportunities.. International students with need may qualify for the following types of financial support at Princeton:

  • On-campus jobs
  • Princeton-specific loans
  • Princeton-specific scholarships

Princeton Housing Expenses and Other Costs

Tuition is not the only cost of attending college;there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Princeton.

House and Food Costs at Princeton

Housing and campus dining at Princeton is $17,820 a year. This number includes the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat in the school dining halls.

Board costs vary based on on the numnber of meals you intend to eat on-campus

Cost of Books at Princeton

The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

There may be additional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges have resources for students who may struggle to participate because of cost can get help covering these fees.

Transportation costs

The total cost of getting around in college depends on a few key factors. Will you take a subway, car or an airplane to get to school?. Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your estimated cost of transportation. Keeping in mind, first-year students are not allowed to park a car on campus.

Where are a college is located can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city is often costly, but cities may offer more buses, trains or low-cost flight options to actually get to school. Princeton Universityis located in a suburban setting in New Jersey, near New York City and Philadelphia.

Personal Expenses and Other Costs

When you're planning for college, be sure to take into account personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo .

Now, let’s do a rundown of all of the costs associated with college, to get a better idea of the actual cost of attending Princeton.

How Much Does Princeton Cost?

2021 Total Tuition and Expenses
Tuition $53,890
Room and Board $17,820
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

The majority of Princeton University undergrads use financial aid to help pay for school. In 2021, 2,904 of the 4,773 undergrads enrolled received financial aid. Princeton meets 100% 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% 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 $152.3 million to help students with financial need cover the cost of school.

Princeton University Net Cost

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.

A Prepaid Tuition Plan is not available for Princeton students.

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

Does Princeton Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

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.

Learn More About Princeton

Choose one of the options below to find out more about about Princeton:

Overview

Student Life

Academics

Admissions

Visit the College Confidential forums to join the conversation about Princeton

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

Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved

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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