Princeton University Financial Aid and Scholarships
Students Receiving Aid
59%
Total Aid Amount
$161.791M
Financial Aid Official Website
N/A
It is interesting to note that, every year, around 63% of students at PU receive some kind of financial aid, while the total amount of assistance/loans provided is $1,064,949. For additional information about financial assistance schemes, one can head over to PU’s financial aid page at https://admission.princeton.edu/cost-aid. Notably, a total of 21% of the applicants to Princeton University receive the Federal Grant every year. In comparison, 62% of the students are awarded the Student Grant, 62% get the Institution Grant, and 21% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,757, while the same comes to $9,892 for State Grant receivers and $50,139 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,915. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $62,442 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $62,619 and $58,166, respectively. On the other hand, the average federal aid stands at $47,732 for those with an annual family income between $75,001 and $110,000, and at $32,267 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Princeton University, the percentage of candidates who opt to avail of student loans is around 10%.
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