Princeton University's trustees have adopted the University's operating budget for 2017-18, which includes an 8.7 percent increase to $161.2 million in the undergraduate financial aid budget to continue to ensure that a Princeton education is genuinely affordable for every admitted student.
Princeton provides financial aid in the form of grants, which do not have to be repaid. It does not require any borrowing, so students can graduate debt free. Roughly 60 percent of all undergraduates receive aid, and for families earning up to $65,000, the financial aid package typically covers the full cost of tuition plus room and board. For families with incomes of $140,000, the average aid package fully covers tuition, and for families with incomes of $180,000, an average package covers about 75 percent of tuition.
"Affordability and accessibility of a Princeton education remains one the University's highest priorities, and this budget reflects that," said Provost David S. Lee.