One of the most well-known and regarded universities in the world, Princeton is known for churning out some of the greatest minds in our society. With the price tag of this coveted piece of paper constantly rising, we’re here to show you how much it’s going to cost to get a degree at Princeton University, in 2022. The estimated average tuition price of Princeton University is $79, 900 per year in order to attend as a full-time student.
The application fee for any of Princeton’s undergraduate colleges is $70. Those from low-income families, as well as those asking for financial help, are eligible for a waiver. This option is available on both the common and coalition application forms. The cost of applying to graduate school is $95. If a student is having financial difficulties, this charge may be waived.
The total cost for the 2022-23 school year is $79,900 and includes Tuition: $57,690. Room cost: $11,000 and board rate: $7,710. Estimated miscellaneous expenses: $3,500. The room charge and board rate are the norms for University dormitories and meal plans. Estimated miscellaneous expenses include the activities fee and class dues.
The University bills for tuition, room, and board, as well as $250 for books and personal expenses. Financial aid credits are deducted from the University bill, leaving the remainder due as a family payment. The student’s family must come up with a balance.
The University bill of $76,650 is reduced by the number of financial aid credits that a student qualifies for, leaving the remainder due as a family payment.
This estimate does not include the cost of potential travel, 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; the plan’s cost for the 2021-22 academic year was $2,780.
Princeton offers various methods for paying the University bill: online, by mail, or in person. The online payment system is the quickest and most convenient way to pay your bill. You can pay your bill online using a credit card or electronic check. If you choose to pay by mail, please send your payment to the address on your bill statement.
One payment each semester: If you pick the semester plan, you will pay half of your tuition in the autumn and half in the spring. Any subsequent miscellaneous costs incurred by a student (for example, charging books to the student account) are payable in full during the semester in which they are incurred.
Ten monthly payments: You may stretch payments out across the academic year, from August to May, using the monthly payment plan. This option has a $40 per semester enrollment cost.
Princeton Parent Loan (PPL): This loan allows families to borrow their portion of Princeton’s expenditures at a variable or fixed interest rate (currently 1.60 percent variable and 3.99 percent fixed) that is changed before each academic year begins. Families are eligible for the PPL if they have a good credit history and can satisfy the repayment requirements. The Parent Loan Office can provide you with further details regarding the PPL.
Direct PLUS Loan: PLUS is a government-backed direct loan that allows parents to borrow up to the cost of attendance minus financial aid. In 2021-22, the PLUS interest rate was set at 6.28 percent, with program costs of up to 4.228 percent possible.
The estimated graduate school tuition & fees are $59,306 for the academic year 2021-2022.
Graduate tuition and fees at many universities can be expensive, and the estimated graduate school tuition & fees at one university can be quite high. In the academic year 2021-2022, the estimated graduate school tuition & fees for one university is $59,306.
How Much is the tuition for 4 years at Princeton University?
The tuition for 4 years at Princeton University is estimated to be $197,437. This estimation excludes the book, supplies, and living costs before receiving any financial aid. The tuition and other fees (if any) are subject to change at the discretion of Princeton University. Learn more about the cost of an undergraduate degree at Princeton University.
What are the expenses of a student at Princeton University?
The expenses of a student at Princeton University can vary greatly. For the academic year 2021-2022, the costs can be as low as $12, 508 if the student lives in a dorm, or as high as $31, 345 if the student lives off-campus.
Tuition Comparison to Similar Private Colleges in the Region
Tuition at the college is significantly lower than tuition at other private colleges in the region. This is a great advantage to students at Princeton University because the low tuition means they do not have to borrow as much money, giving them more money to spend on things like books and food. There are many things a student at Princeton University can do to lower their expenses. Here are some tips: If the student wants to live on campus, talk to the financial aid department at Princeton University. Many people qualify for loans to pay their college costs. Some students may not qualify, but the financial aid department will look at any paperwork the student has and try to find a way to help. Students can also get grants from other organizations. Some students are chosen for these organizations because of high test scores, so if the student does well on their SATs or ACTs, they may be selected for a scholarship or grant to help pay for school. Food at Princeton University is very expensive, so students can save money by eating in the cafeteria and avoiding eating at a restaurant. Students can also sign up for the food service on campus, and the food is less expensive. Other things students at Princeton University can do to lower their expenses are:
- Live in a dormitory
- Eat at the dining hall
- Use the campus shuttle
- Shop at the campus bookstore
- Find free entertainment on campus every Monday from 7–9 pm, including live music and a DJ from the campus radio station, CFUN.
Why is Princeton so cheap?
Princeton is an affordable college because of the generous financial aid it offers. A student who does not meet certain requirements can still qualify for grants and scholarships. But it’s also true that Princeton only offers a limited number of scholarships, so many students have to apply for financial aid. The average Princeton student receives about $30, 000 in financial aid a year. About 70% of Princeton’s students receive some sort of grant or scholarship, including grants for working and studying abroad. Only 20% of Princeton students receive aid from the government.
Student Loan Debt for Princeton University
Princeton University’s median federal loan debt for undergraduate degree completion is $10,750. The median monthly federal loan payment for borrowers (if repaid over 10 years at 5.05% interest) would be $103.
Subsidized and unsubsidized loans are the two types of student loans available:
Interest on subsidized loans (also known as need-based loans) is postponed while the student is in school. This implies that while the student is enrolled, no interest is charged to them or added to the amount borrowed. After subsidized loans are no longer subsidized, interest begins to accumulate. Subsidized loans are not available to all students; your eligibility for these need-based loans must be determined by a financial aid counsellor.
The interest rate on a Direct Subsidized Stafford Loan is set at 3.73 percent and is payable once enrollment ends. This includes a 1.057 percent charge and a payback period that begins 6 months after the borrower graduates from high school and ends after a maximum of 10 years.
Alternative Loans have a set interest rate of 4%, which is levied during repayment, and a payback period that starts 9 months after the borrower graduates from high school, with a maximum repayment duration of 10 years.
Unsubsidized loans are meant to cover the difference between the planned family contribution and the family’s payment to Princeton. Unsubsidized loans have no interest deferral; interest must be paid while the student is enrolled or added to the loan principal.
The interest rate on a Direct Unsubsidized Stafford Loan is set at 3.73% fixed – accrues during enrollment. This includes a 1.057 percent charge and a payback period that begins 6 months after the borrower graduates from high school and ends after a maximum of 10 years.
The interest rate on a Direct Unsubsidized Stafford Loan is Typically variable – tied to a market index (Prime, Libor, etc.) plus up to 10 points. The typical range is 4% to 15%. The fee May range from 0 to 11% of the loan principal and a payback period that begins 6 months after the borrower graduates from high school and ends after a maximum of 10 years.
Princeton Tuition Fee for International Students
International students pay $53,890 in undergraduate tuition at Princeton. Other necessary costs, such as accommodation, board, and other extra expenditures, are not included.
Graduate tuition, on the other hand, is the same as undergraduate tuition, at $53,890. There is also a $2,580 student health plan charge that must be paid.
These costs do not include the cost of accommodation, food, books/supplies, or other personal expenditures, just as undergraduate tuition.
Princeton University’s International Student Admissions Requirements
Princeton University is an internationally renowned institution of higher education, and as such, has rigorous admissions requirements for all students, regardless of country of origin. In order to be considered for admission to Princeton University as an undergraduate foreign applicant, you must meet the same academic requirements as local students, which include:
- Application form for a common or coalition application that has been completed
- Records transcription
- School counsellor letter
- 2 letters of recommendation from the school counsellor
- Scores on the SAT or ACT
- Graded written paper
- Princeton supplement (essay of 250 words)
- Proof of English language ability
Graduate students must meet the following requirements:
- Transcript of records
- Academic Purpose Statement
- GRE scores
- Curriculum vitae/Resume (CV)
- Letters of recommendation
- A piece of writing
- Financial Resources Statement
- Proof of English language ability
Scholarships for International Students at Princeton University
Amount of the scholarship: 100% of demonstrated need up to full tuition, lodging, and board. Foreign candidates are eligible for need-based financial help in the same manner that local applicants are. In this manner, regardless of financial circumstances, all candidates may be able to attend the institution.
This financial help has a no-loan policy, which means the student will not have to repay the money or incur debt after graduation.
The average Princeton University grant awarded to successful candidates is $56,500, according to current statistics. After the award, the costs are reduced to only $13,450.
To be considered for this Princeton University award for overseas students, the student must complete the Princeton Financial Aid application and submit his or her parent’s tax returns. Noncustodial parent information will be required for children of divorced, separated, or unmarried students.
Foreign students can seek for outside awards to boost their financial help. This will eliminate the requirement to pay a charge for student donations.
If the outside scholarship covers a large portion of the award, it can be utilized to buy a personal computer for up to $3,500.
All rewards received from outside sources must be disclosed to the institution. Undergraduate students are also eligible to apply for international scholarships and fellowships. The American Concrete Institute Foundation Scholarship/Fellowship, for example, awards between $10,000 and $15,000 every year.
Successful undergraduate students can apply for the Josephine De Kármán Fellowship, which provides $15,000 in support.
Successful applicants for the National Institutes of Health Undergraduate Scholarship will receive a $20,000 stipend.
In the meanwhile, female STEM students can apply for the Palantir Technologies Scholarship for Women in Technology. This provides $10,000 in financial support.
Fellowships, which are often provided to first-year Ph.D. students, provide financial assistance throughout their studies without requiring them to teach or perform research. Aside from tuition, this fellowship also offers a stipend, the amount of which will vary depending on the department or the financial award’s renown.
Princeton University offers a variety of scholarships based on departments. University Fellowships are awarded to students in the humanities and social sciences, for example. Students in the natural sciences and engineering, on the other hand, are given First Year fellowships.
Fellowships based on merit are also available. To mention a few, there are the Centennial, President’s, and Wu & Upton fellowships.
Master’s and Ph.D. students may be eligible for teaching assistantships, which are a type of Princeton University award for international graduate students. Teaching assistantships, lab assistantships, and grading are all possibilities. Work hours are determined by the requirement for undergraduate-level teaching and are chosen by departments on a term-by-term basis.
It also covers stipends (again, a 1/2 amount is paid if the assignment is only 50%), as well as tuition that is dependent on work hours (for example, a 50% assignment equates to 1/2 tuition).
As the cost of a college degree continues to rise, Princeton remains a top choice for students seeking a world-class education. With an annual tuition of $79,900, Princeton is one of the most expensive private universities in the country. However, the investment is well worth it, as graduates of Princeton are known for their intellect and success in any field they choose to pursue.