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Annual Costs

Undergraduate Tuition

Tuition for Princeton University is $47,140 for the 2017/2018 academic year. This is 70% more expensive than the national average private non-profit four year college tuition of $27,755. The cost is 117% more expensive than the average New Jersey tuition of $21,760 for 4 year colleges. Tuition ranks 37th in New Jersey amongst 4 year colleges for affordability and is the 3rd most expensive 4 year college in the state. Price does not vary by residence.

Housing Costs

On campus room and board is provided by the school at a cost of $15,610 per academic year. Students electing to live off campus elsewhere in Princeton should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,100.

Other Living Expenses

If living on-campus, students should budget for $2,300 in additional living expenses. Off-campus students should budget for $0 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Princeton was $66,150 for the 2017/2018 academic year. The cost is the same for all students regardless of New Jersey residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Princeton University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Princeton University
Estimated Budgets
New Jersey Resident Total Budget $66,150
   In-State Tuition$47,140
   Other Fees$0
   Room and Board$15,610
   On-Campus Other Budget$2,300
   Books and Supplies$1,100
Non-Resident Total Budget $66,150
   Out-of-State Tuition$47,140
   Other Fees$0
   Room and Board$15,610
   On-Campus Other Budget$2,300
   Books and Supplies$1,100

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $66,150 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Princeton net price for in-state students is $18,885* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

62% of Princeton University students received grant aid in 2014/2015. The average total aid amount was $38,515. 15 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,263. To apply for a Pell Grant to attend Princeton University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Princeton University
Financial Aid Summary
Average Annual Net Price$18,885*
Percent of Students Receiving Grant Aid62%
Average Total Grant Aid$38,515
Percent of Students Receiving Pell Grants15%
Average Amount of Pell Grant Aid$4,263

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$3,630
$30,001 to $48,000$4,006
$48,001 to $75,000$5,946
$75,001 to $110,000$16,967
$110,000+$25,060

Average Financial Aid Mix - $66,150 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $66,150. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

60%
7%
33%

Grants and Scholarships

 60% - $38,515

Money granted to you by the U.S. Department of Education, Princeton University or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 7% - $4,223

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 33% -  $21,112

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Is it Worth the Cost?

To make a comparative assessment if Princeton is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 99/100 for Princeton University. Considering an average net price paid of $18,813, this leads to an overall value ranking of 80/100. This places the school 40th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Princeton University
University of Pennsylvania0.6% more expensive
Haverford College10.9% more expensive
New York University1.7% more expensive
Columbia University in the City of New York15.6% more expensive
Swarthmore College7% more expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Princeton University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Princeton is $264,600 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $18,813 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $75,252**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $330,750 or $94,065 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Princeton University.

New Jersey Resident Tuition Per Semester$23,570
New Jersey Resident Total Cost Per Semester$33,075

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Princeton University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Princeton University
Price per credit hour$1,473
Cost for one class (3 credit hours)$4,419
Cost for one class (4 credit hours)$5,892

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 5% of Princeton University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,223. The reported average student debt upon graduation is $5,096.

Example Loan Payments and Costs

How much are student loan payments for Princeton University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $75,252, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $93,370.47. This could be your effective total out of pocket cost of an education at Princeton University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 62% of students at this school who receive financial aid and you are paying an average annual net price of $18,813. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Princeton University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Princeton University Student Loan Payments
Example Payments
Monthly Loan Payment$778.09
Amount Borrowed$75,252.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$18,118.47
Sum of All Payments over 10 years$93,370.47

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Princeton? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Princeton University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $93,370.47 would be needed to afford a $778.09 monthly payment in the example $75,252.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Princeton University in the future? In the past four years, this school's published in-state tuition and fee total rose from $38,650 to $47,140. This amounts to an average annual price increase of 4.4%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $264,600.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Princeton University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2023$90,972$363,887
Estimated Cost in 10 years for students enrolling in 2028$116,105$464,422
Estimated Cost in 15 years for students enrolling in 2033 $148,183$592,733
Estimated Cost in 18 years for students enrolling in 2036 $171,541$686,163

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Princeton University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Economics, General Bachelor's Degree 129 48% costlier
Political Science and Government, General Bachelor's Degree 111 59% costlier
History, General Bachelor's Degree 88 62% costlier
Public Policy Analysis, General Bachelor's Degree 85 19% costlier
Operations Research Bachelor's Degree 66 39% costlier
Ecology Bachelor's Degree 65 53% costlier
Molecular Biology Bachelor's Degree 59 36% costlier
English Language and Literature, General Bachelor's Degree 57 65% costlier
Psychology, General Bachelor's Degree 54 64% costlier
Chemistry, General Bachelor's Degree 41 59% costlier
Sociology Bachelor's Degree 37 61% costlier
Computer Engineering, General Bachelor's Degree 36 56% costlier
Mechanical Engineering Bachelor's Degree 35 56% costlier
Mathematics, General Bachelor's Degree 35 61% costlier
Anthropology Bachelor's Degree 30 46% costlier
Art History, Criticism and Conservation Bachelor's Degree 28 35% costlier
Chemical Engineering Bachelor's Degree 27 44% costlier
Physics, General Bachelor's Degree 25 50% costlier
Philosophy Bachelor's Degree 24 46% costlier
Electrical and Electronics Engineering Bachelor's Degree 22 57% costlier
Architecture Bachelor's Degree 21 39% costlier
Civil Engineering, General Bachelor's Degree 21 56% costlier
Religion/Religious Studies Bachelor's Degree 18 39% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 14 25% costlier
Comparative Literature Bachelor's Degree 14 19% costlier
Near and Middle Eastern Studies Bachelor's Degree 12 11% costlier
Spanish Language and Literature Bachelor's Degree 12 54% costlier
Music, General Bachelor's Degree 10 60% costlier
French Language and Literature Bachelor's Degree 10 43% costlier
East Asian Studies Bachelor's Degree 10 16% costlier
Astrophysics Bachelor's Degree 8 15% costlier
German Language and Literature Bachelor's Degree 6 40% costlier
Geological and Earth Sciences/Geosciences, Other Bachelor's Degree 5 42% costlier
Slavic, Baltic and Albanian Languages, Literatures, and Linguistics Bachelor's Degree 2 15% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 1 58% costlier
Engineering, General Bachelor's Degree 1 45% costlier

Calculators

Use the calculators below to formulate a college savings plan for Princeton University or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Princeton University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Princeton University student loan.

Prepayment Option

About Princeton University

Princeton University is a four year private college located in Princeton, New Jersey.  Full time enrollment is 8,032 and part time is 149.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
Princeton University
1 Nassau Hall
Princeton, New Jersey
08544-0070

For Profit / Not For Profit Status

Princeton University is a private not for profit institution.

Princeton University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=186131 IPEDS survey data.