Princeton University Tuition

Last Updated on January 17, 2023

Founded in 1746, Princeton University is the fourth oldest university of higher education in the United States. Princeton is a pioneer in research that offers undergraduate and graduate courses in engineering, social sciences, natural sciences, and humanities. It also provides an array of professional degrees as well. Some of the popular majors offered by the university include Public Policy Analysis, Computer Hardware Engineering, and Economics. The university has been consistently ranked amongst the top ten educational institutions worldwide. In the years, 2015-2016, 2017-2018, and 2019, it has been ranked as the best undergraduate teaching university.

Read more about Princeton University tuition fees for international students, Princeton University tuition graduate, princeton university tuition, room and board, and Princeton University tuition 2022.

Why is Princeton University so cheap?

The University’s robust financial aid packages are built on grants rather than loans, which allow students to graduate debt free. This makes a Princeton education affordable for any student who is admitted to the University. … Federal Pell Grants provide need-based grants to low-income undergraduates.

Can I Study in Princeton for free?

We are committed to making a Princeton education affordable to all. Our financial aid program for undergraduates is recognized as one of the most generous in the country. … This means undergraduates can graduate from Princeton debt free. Graduate students also benefit from generous support while studying at Princeton.

Princeton University tuition fees for international students

Student Budget

The estimated cost of attendance for 2022-23 is $79,900 and includes:

  • Tuition: $57,690
  • Room charge: $11,000
  • Board rate: $7,710
  • Estimated miscellaneous expenses: $3,500

The room charge and board rate are standard for the University dormitories and meal plans. Estimated miscellaneous expenses include the activities fee and class dues. These items, totaling an estimated $250 of the $3,500 estimated for books and personal expenses, are billed by the University along with tuition, room, and board. Financial aid credits are deducted from the University bill of $76,650 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 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.

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 1.60 percent variable and 3.99 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 was fixed at 6.28 percent in 2021-22, and program fees of up to 4.228 percent may be charged.

Princeton University tuition graduate

My Financials offers students:

  • A unified framework with detailed information on their University support as well as charges and credits to their Student Account
  • Direct access to assistance programs like the Graduate Advance Program and the Graduate Child Assistance Program (GCAP) 
  • A searchable directory of University Knowledge Base articles and links to external resources for guidance on financial questions 
  • A Net Pay Tool which lays out a unified view of University income and expenses which can be downloaded for use in personal financial planning. 

We recognize that the decision to pursue graduate study requires a significant commitment of time, energy and resources.  Below is a brief summary of Princeton’s funding policy for its graduate students.  In addition, the webpages in this section provide additional information for graduate students on tuition and costs and funding sources, including fellowships, assistantships, external funding, travel grants, loans and assistance, and Federal Work Study.

Princeton guarantees funding for its regularly enrolled, degree-seeking Ph.D. candidates for all years of regular program enrollment, contingent upon satisfactory academic performance.  The defined Ph.D. program length is generally five years, with a few exceptions of four year programs.

Over a Ph.D. student’s years of regular enrollment, this funding may come from a variety of sources, which in combination provide a minimum level of annual support that includes full tuition and fees support and a base stipend amount.  This base stipend is intended to support the estimated living expenses of a single graduate student during each year of regular enrollment.

Students who need to use the educational resources outside of Princeton University and will not be in residence may apply for in absentia status.  Students who are granted in absentia status pay a marginal cost tuition rate that includes the mandatory student health plan fee.  Please refer to Funding for In Absentia Students for more information.

After their regular enrollment period ends, Ph.D. students who have not completed their degree have the opportunity to be enrolled for up to two additional years in Dissertation Completion Enrollment (DCE) status, paying a marginal cost tuition rate. Because their funding is not guaranteed, DCE students are encouraged to work with their departments to obtain a research or partial teaching appointment or to seek out and apply for external funding. 

Princeton University scholarships

The full need of all admitted international students is met the same as it is for students from the United States. Princeton admission is need-blind — there is no disadvantage in the admission process for financial aid applicants. Students who qualify for financial aid will receive a grant, rather than a loan that has to be repaid.

Our financial aid program is entirely based on need. Princeton does not offer academic or athletic merit scholarships. Financial aid awards cover the difference between Princeton’s costs and the amount your family is expected to contribute to your education. The parental contribution is based on our evaluation of your financial aid application.

Transcript (Academic Record)
Your transcript (or your academic record) is evaluated within the context of your educational system and school curriculum. Your academic record should include any available internal grades from classes, achieved marks from external exams (for example: (I)GCSE, British A-Level, International Baccalaureate, national leaving exams such as Std X/Std XII in India), or a combination of both. If leaving exams are a part of the graduation requirements, please ask your school official to submit predicted or achieved results as they become available. If your school or national education system does not provide internal grades, you are not required to report them. We also do not expect you or your school to provide a conversion or Grade Point Average (GPA) if this is not a standard practice provided by your school or education system.

Graded Written Paper
The graded written paper must be submitted in English and can come from O- or A-level coursework, so long as this student-written essay meets all of the other requirements listed. The graded written paper and teacher comments should not be translated from another language into English, they must be written in English. If you are also submitting a rubric, that must also be in English. Please refer to general requirements for the graded written paper. 

English Proficiency
If English is not your native language and you are attending a school where English is not the language of instruction, you must take the Test of English as a Foreign Language, the International English Language Testing System Academic  or the Pearson Test of English Academic (PTE Academic). You are not required to take the TOEFL, IELTS or PTE Academic if English is your native language or if you have spent at least three years at a secondary school where English is the primary language of instruction.

About the author

Study on Scholarship Today -- Check your eligibility for up to 100% scholarship.